Pandora’s commitment to achieving net-zero emissions by 2040 has received validation from the Science Based Targets initiative (SBTi), a prominent organization driving corporate climate action. This announcement affirms Pandora’s decarbonization target in alignment with the Paris Agreement’s goal of limiting global temperature rise to 1.5 C.
To attain net-zero status, a company must reduce emissions by at least 90 per cent across its entire value chain. This latest validation builds upon SBTi’s previous endorsement in 2021 of Pandora’s goal to halve greenhouse gas emissions across its operations and value chain by 2030.
Pandora has already made notable strides toward its climate goals. By 2023, the company achieved a 27 per cent reduction in emissions across its full value chain. Key initiatives driving these reductions include sourcing 100 per cent renewable energy for its crafting facilities and transitioning its precious metals supply to 100 per cent recycled silver and gold.
“Climate change is a major source of global instability and there is an urgent need for action. By aligning our net-zero target with the SBTi, we confirm our commitment to reduce our carbon footprint significantly and help build a sustainable future. We encourage partners and peers to join us in making this reality,” said Mads Twomey-Madsen, senior vice president, global communications and sustainability at Pandora.
