Energy Efficiency, GHG Emissions, Industrial - January 27, 2025
Marimekko's Targets Approved by SBTi
The Science Based Target initiative (SBTi) approved Marimekko’s near-term science-based emissions reduction targets.
Marimekko's new targets to lower GHG emissions in its value chain in line with the UN Paris Climate Agreement are a logical step in the company's long-term work to reduce its environmental impact.
"We believe that, in the future, timeless, functional and high-quality products will be made in balance with the environment and in line with the principles of a circular economy. We also believe that determined sustainability efforts strongly support Marimekko's long-term success. The science-based emission reduction targets we have now set are an important tool in our work to further reduce our environmental impact," said Marimekko's President and CEO Tiina Alahuhta-Kasko in a statement.
Marimekko, a Finnish company that produces clothing, bags, accessories and home decor items, commits to reduce by the end of 2030 from a 2022 base year:
- Absolute Scope 1 and 2 GHG emissions 42%
- Scope 3 GHG emissions 51.6% per million EUR value added
The target boundaries include land-related emissions and removals from bioenergy feedstocks.
Marimekko will share more about the science-based emission reduction targets extending by the end of 2030 and the means to achieve them in its sustainability report in the Board of Directors' Report 2024 that will be published in March.
The company calculated the carbon footprint of its entire value chain (Scope 1–3) since 2019 in accordance with the Greenhouse Gas Protocol standards. In the current sustainability strategy period for 2021–2025, the company had by the end of 2023 reduced the Scope 1 and 2 emissions of its own operations by more than 70% compared to 2019.
The most significant action contributing to this achievement has been the transition to renewable energy at Marimekko’s headquarters and printing factory located in Helsinki, Finland.
For the current sustainability strategy period, the company has also set targets for reducing the intensity of its GHG emissions (Scope 3) in the value chain relating to purchased textile materials and logistics. The most important action in reducing the intensity of Scope 3 emissions has been the transition to less emission-intensive materials in line with the company's material strategy.
Marimekko announced its commitment to the Science Based Targets initiative in September 2022, at the same time that the company's board of directors confirmed determined sustainability work as one of the five strategic success factors of Marimekko's business strategy.
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