Asos

ASOS PLC, a company operating in the wearing apparel and furs industry (SIC 18), based in GB, has reported its carbon emissions and outlined ambitious climate commitments.

For the fiscal year 2022, ASOS reported total emissions of approximately 1.74 billion kg CO2e. This figure includes Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were approximately 3.35 million kg CO2e, and Scope 2 emissions were approximately 2.86 million kg CO2e. Scope 3 emissions constituted the vast majority, at approximately 1.73 billion kg CO2e.

In fiscal year 2023, ASOS reported Scope 1 emissions of approximately 2.79 million kg CO2e and Scope 2 emissions of approximately 2.90 million kg CO2e, totalling approximately 5.68 million kg CO2e for Scopes 1 and 2 combined (market-based). Scope 3 emissions data for 2023 was not specified in the provided data.

ASOS is committed to significant emission reductions and climate action. Key commitments include:

• Net Zero by 2030: ASOS aims to achieve net-zero carbon emissions across its entire value chain by 2030.
• Carbon Neutrality by 2025: The company plans to be carbon neutral in its direct operations (offices, fulfilment centres, deliveries, and returns) by 2025.
• Science-Based Targets (SBTs): ASOS has set SBTs aligned with a 1.5°C warming scenario. These include a commitment to reduce absolute Scope 1 and 2 greenhouse gas emissions by 87% per thousand orders fulfilled by FY2030/31, compared to a FY2018/19 baseline. They also aim to increase renewable electricity sourcing to 100% by FY2025/26. Furthermore, ASOS commits to reducing absolute Scope 3 emissions from purchased goods and services and upstream transportation and distribution by 58.2% per million pounds value by FY2030/31.
• Additional SBTs (FY2022 Baseline): More recently, ASOS has committed to reducing absolute Scope 1 and 2 GHG emissions by 45% by FY2030 from a FY2022 baseline, with a target of 100% renewable electricity sourcing by FY2027. They also commit to reducing absolute Scope 3 emissions from purchased goods and services and upstream transportation and distribution by 42% by FY2030 from a FY2022 baseline.
• Long-Term Net Zero: ASOS also has a long-term commitment to reach net-zero greenhouse gas emissions across the value chain by FY2050, with associated targets for reducing Scope 1, 2, and 3 emissions by 90% by FY2050 from a FY2022 baseline.

The company is actively working on supplier engagement, aiming for 66% of suppliers, by emissions covering purchased goods and services, to have set their own SBTs by FY2025/26.