Societe Anonyme des Galeries Lafayette, S.A. Sustainability Profile
Societe Anonyme des Galeries Lafayette, S.A., commonly known as Galeries Lafayette, is a prominent French retail company headquartered in Paris, France. Established in 1893, the company has evolved into a leading player in the department store industry, renowned for its diverse range of luxury and fashion products. With a strong presence in major cities across France and internationally, Galeries Lafayette offers an extensive selection of clothing, accessories, and home goods, distinguished by its commitment to quality and innovation. The company has achieved significant milestones, including the expansion of its flagship store on Boulevard Haussmann, which attracts millions of visitors annually. Galeries Lafayette is celebrated for its unique shopping experience, combining high-end brands with exclusive collaborations, positioning itself as a trendsetter in the retail landscape. With a focus on sustainability and customer engagement, the company continues to solidify its market position as a leader in the luxury retail sector.
DitchCarbon Score
How does Societe Anonyme des Galeries Lafayette, S.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Societe Anonyme des Galeries Lafayette, S.A.'s score of 30 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Societe Anonyme des Galeries Lafayette, S.A.'s reported carbon emissions
In 2020, Societe Anonyme des Galeries Lafayette, S.A. reported total greenhouse gas emissions of approximately 12,357,000 kg CO2e for Scope 1, 12,230,000 kg CO2e for Scope 2, and 4,535,000 kg CO2e for Scope 3, resulting in a calculated total of approximately 29,122,000 kg CO2e. The company has made significant strides in reducing its carbon footprint, achieving a 37% reduction in Scope 3 emissions from purchased goods and services by the end of 2022, compared to a 2019 baseline. Looking ahead, Galeries Lafayette has set ambitious targets through the Science Based Targets initiative (SBTi). The company commits to reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year. Additionally, it aims to cut Scope 3 emissions from purchased goods and services by 25% by the same year. Furthermore, Galeries Lafayette plans for 60% of its suppliers by spend to have science-based targets by 2028, and 75% of its suppliers by revenue to cover optional purchased goods and services emissions with science-based targets by 2028. This commitment to sustainability reflects the company's proactive approach to addressing climate change, despite challenges such as global supply chain disruptions. The emissions data and reduction targets are cascaded from the parent organization, Societe Anonyme des Galeries Lafayette, S.A.
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| 2020 | |
|---|---|
| Scope 1 | 12,357,000 |
| Scope 2 | 12,230,000 |
| Scope 3 | 4,535,000 |
How Carbon Intensive is Societe Anonyme des Galeries Lafayette, S.A.'s Industry?
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Societe Anonyme des Galeries Lafayette, S.A.'s Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 16% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 50% of Scope 3 emissions.
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Societe Anonyme des Galeries Lafayette, S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Societe Anonyme des Galeries Lafayette, S.A. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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