Where Main Street Meets Wall Street

JD Sports continues to fight climate challenge battle

7


JD Sports Fashion PLC (LSE:JD.) has told investors it has 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) have demonstrated sector-beating performance, achieving A- for climate change in 2020 and 2021.

It said this was achieved this 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 itself 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, with it 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Your email address will not be published.