H&M, Ikea, B&Q & Walmart team up to tackle climate change

H&M, Ikea, B&Q & Walmart team up to tackle climate change

H&M, Ikea, B&Q and Walmart have launched a new climate change initiative to drive action on encouraging other retailers to achieve carbon reduction targets. The initiative is known as the Race to Zero Breakthroughs: Retail Campaign and it’s being done in partnership with the COP26 High Level Climate Action Champions and supported by the World Business Council for Sustainable Development (WBCSD).
H&M Group, Ikea retail holding company Ingka Group, B&Q parent company Kingfisher, and Walmart have pledged their support to accelerate a movement in the retail industry to encourage other retailers to set out their plans to achieve 1.5°C aligned carbon reduction targets.

The Race to Zero campaign states that the retail sector faced “unprecedented challenges” due to climate change, which have only been accentuated by the Covid-19 pandemic.
It added that the imperative to take action to limit warming to 1.5°C “has never been higher”.
So far, only five per cent of retail businesses – by total global industry revenues – have committed to taking action to limit global warming in accordance with the Paris Agreement goals.
Retailers can join the Race to Zero effort by setting science-based targets, working to halve greenhouse gas emissions by 2030 and committing to achieve net-zero carbon emissions by 2050 at the latest.
The campaign also helps retailers achieve these goals by providing sector-specific guidance and access to networks and best practices, as ...

H&M, Ikea, B&Q & Walmart team up to tackle climate change Back to high street news
This news section brings together positive articles about the high street from other websites, other contributions include guest writers and blogs written by businesses. Some individual articles have a read more button which will link you to continue reading on the original sources website. If there's a problem with this page Report it here

Other Other news

Leighton Hall Carnforth celebrate easing restrictions with classic car event
Morrisons extends partnership to save British marine wildlife
Homeware group ready to roar into former Preston motorcycle showroom