Energy Efficiency, GHG Emissions, Industrial  -  December 13, 2024

EssilorLuxottica's Targets Validated by SBTi

Eyewear company EssilorLuxottica announced its near-term GHG emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), marking a key milestone in the company’s efforts to reduce the environmental impact across its entire value chain.

The new 2030 targets address emissions across the company’s Scope 1, 2 and 3 categories.

EssilorLuxottica commits to lower absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year. The company also commits to reduce absolute Scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, and waste generated in operations by 25% within the same timeframe.

“Sustainability is at the core of the Group’s identity and strategic vision,” said Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO at EssilorLuxottica, in a statement. “Our science-aligned climate targets reinforce our commitment to leading the industry toward an equitable and sustainable future. We will continue prioritizing climate actions within our sphere of influence and engage all our stakeholders. In line with the new Scope 3 emissions reduction target, we’ll bring our suppliers and business partners along our decarbonization journey, in line with our open, collaborative and inclusive business model”.

EssilorLuxottica’s key milestones include reducing and neutralizing the carbon footprint of its direct operations globally by 2025, which it already achieved in Europe in 2023. Its climate strategy focuses on improving energy efficiency across facilities and increasing the self-production and use of renewable energy.