Monica Vinader

Monica Vinader, a UK-based Jewellery, Watch, Precious Stone, and Precious Metal Merchant Wholesaler, reported its 2022 carbon emissions at approximately 19,914,000 kg CO2e. This total includes Scope 1 emissions of about 120,000 kg CO2e, Scope 2 emissions of around 14,000 kg CO2e, and Scope 3 emissions of approximately 19,780,000 kg CO2e. Key contributors to Scope 3 emissions include business travel (178,020 kg CO2e), employee commute (296,700 kg CO2e), purchased goods and services (969,220 kg CO2e), fuel and energy-related activities (39,560 kg CO2e), and upstream transportation and distribution (257,140 kg CO2e).

Monica Vinader has set ambitious Science Based Targets initiative (SBTi) commitments. The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by FY2040.

Near-term targets:

• Reduce absolute Scope 1 and 2 GHG emissions by 98.7% by FY2035 from a FY2022 base year.
• Reduce absolute Scope 3 GHG emissions by 59.76% by FY2035 from a FY2024 base year.

Long-term targets:

• Maintain a minimum of 98.7% absolute Scope 1 and 2 GHG emissions reductions from FY2035 through FY2040 from a FY2022 base year.
• Reduce absolute Scope 3 GHG emissions by 90.0% by FY2040 from a FY2024 base year.

Previously, Monica Vinader also committed to reducing Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2022 base year, and to measure and reduce its Scope 3 emissions, as approved through a streamlined target validation route for SMEs.