Where Main Street Meets Wall Street

JD Sports awarded ‘A-‘ rating for climate change for second year

3


JD Sports Fashion PLC (LSE:JD.) told investors it retained its ‘A-‘ rating for climate change for the second successive year and achieved a ‘B’ grade for water security. 

The sports fashion retailer says its disclosures via the Carbon Disclosure Project (CDP) demonstrated sector-beating performance, achieving A- for climate change in 2020 and 2021.

It said this was achieved by supporting several worldwide initiatives aimed at reducing carbon emissions within the fashion industry, such as Worldwide Responsible Accredited Product textiles 2030 initiative and the United Nations ‘Race to Zero’.

The company is part of the Better Cotton campaign and is committed to increasing its participation in using more sustainable cotton, with its own brand goods being made by 81% ‘Better Cotton’ by mid-2021.

Its operationally controlled UK and Ireland stores and sites used 100% renewable energy.  It is on track to achieve 100% renewable energy across Europe by 2022, and globally by 2025.

Neil Greenhalgh, chief financial officer, and chair of the JD economic, social, and governance committee, said the strong CDP score is “significantly ahead of the retail sector average demonstrating JD’s commitment and collective effort in this area.”

“JD will continue to play a full part in reducing the impact of climate change.”



Source link

Leave A Reply

Your email address will not be published.