Pandora

Pandora's reported carbon emissions

## Pandora's Carbon Emissions and Climate Commitments Pandora, a company operating in the retail trade services sector, has reported significant greenhouse gas emissions. In 2024, the company's total calculated emissions were approximately 286.2 million kg CO2e. This figure comprises Scope 1 emissions of approximately 0.91 million kg CO2e, Scope 2 emissions (market-based) of approximately 0.34 million kg CO2e, and substantial Scope 3 emissions amounting to approximately 284.9 million kg CO2e. The largest contributor within Scope 3 is purchased goods and services, accounting for approximately 172.7 million kg CO2e. In 2023, Pandora's total calculated emissions were approximately 273.0 million kg CO2e, with Scope 1 at about 1.2 million kg CO2e, Scope 2 (market-based) at approximately 5.7 million kg CO2e, and Scope 3 at about 266.0 million kg CO2e. Pandora has established ambitious climate commitments, aiming for net zero emissions by 2040. This goal includes further reductions in their climate footprint and the removal or offsetting of any residual emissions. As a key step towards this long-term objective, Pandora aims to achieve carbon neutrality in its own operations by 2025. This involves a significant reduction target of at least 90% in Scope 1 and 2 market-based emissions from a 2019 baseline, with any remaining emissions to be balanced by carbon removal mechanisms and offsets. Furthermore, Pandora has committed to reducing its total Scope 1, 2, and 3 greenhouse gas emissions by 50% by 2030, using a 2019 baseline. This target is verified by the Science Based Targets initiative (SBTi). Specifically, they aim to reduce value chain (Scope 3) emissions by 42% by 2030 from the 2019 baseline. The company's long-term vision includes maintaining at least a 90% absolute reduction in Scope 1 and 2 emissions from 2030 through 2050. For Scope 3 emissions, they aim for a 90% absolute reduction by 2040 from a 2019 baseline, and to maintain this level of reduction through to 2050.