Pandora

Pandora's reported carbon emissions

Pandora's total carbon emissions in 2024 were approximately 286.2 million kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. The breakdown for 2024 includes approximately 910,000 kg CO2e for Scope 1, approximately 43.1 million kg CO2e for Scope 2 (location-based), and approximately 284.9 million kg CO2e for Scope 3. Key contributors to Scope 3 emissions include purchased goods and services (approximately 172.7 million kg CO2e) and upstream transportation and distribution (approximately 38.7 million kg CO2e). Pandora has set ambitious climate targets, including achieving net-zero emissions by 2040. As a near-term goal, the company aims to reduce its Scope 1, 2, and 3 greenhouse gas emissions by 50% by 2030, using a 2019 baseline. This commitment has been validated by the Science Based Targets initiative (SBTi). Specifically, Pandora aims to reduce absolute Scope 1 and 2 emissions by 90% by 2025 from the 2019 baseline, with the intention of becoming carbon neutral in its own operations by that year. Furthermore, they are targeting a 42% reduction in absolute Scope 3 emissions by 2030 from the 2019 baseline.