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Societe Anonyme des Galeries Lafayette, S.A., commonly known as Galeries Lafayette, is a prominent player in the retail trade services sector, headquartered in France. Established in 1893, the company has evolved into a leading department store chain, renowned for its diverse range of products, including fashion, beauty, and home goods. With a strong presence in major cities across France and internationally, Galeries Lafayette is celebrated for its unique shopping experience, characterised by high-quality merchandise and exceptional customer service.
The company has achieved significant milestones, including the expansion of its flagship store in Paris, which attracts millions of visitors annually. Galeries Lafayette's commitment to innovation and sustainability sets it apart in the competitive retail landscape, solidifying its market position as a trendsetter in the industry.
0 vs industry average
Societe Anonyme des Galeries Lafayette, S.A.’s score of 36 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Retail Trade Services has below-average carbon intensity
The Retail Trade Services industry has reduced its overall emissions by 31% since 2018
Scope 3 accounts for ••• of total emissions.
Societe Anonyme des Galeries Lafayette, S.A., a French retail trade services company, reported Scope 3 emissions from upstream transportation and distribution of 1,243,000 kg CO2e in 2021. In 2020, the company's Scope 1 emissions were 1,950,000 kg CO2e, including 263,000 kg CO2e from mobile combustion. Scope 3 emissions in 2020 included 217,000 kg CO2e from business travel. Data for Scope 2 emissions is not available for these years. No emissions data was disclosed for 2018 or 2019.
The company has set ambitious climate commitments. It achieved a 37% reduction in Scope 3 emissions between 2019 and 2022, primarily through prioritising maritime and river freight, and improving the environmental quality of road transport.
Societe Anonyme des Galeries Lafayette, S.A. has Science-Based Targets initiative (SBTi) commitments to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, from a 2022 base year. The company also commits to reduce absolute Scope 3 GHG emissions from purchased goods and services by 25% by 2030, from a 2022 base year. Furthermore, it aims for 60% of its suppliers, by spend covering purchased goods and services, to have science-based targets by 2028, and 75% of its suppliers, by revenue covering optional purchased goods and services emissions, to have science-based targets by 2028. These targets are consistent with reductions required to keep warming to 1.5°C.
2030
42% reduction in Scope 2
2030
42% reduction in Scope 1
2030
25% reduction in scope 3 upstream
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