Canadian luxury department store chain, Holt Renfrew, has announced a series of sustainability initiatives as it looks to align its business with the targets set under the Paris Climate Accord.
The retailer has partnered with the Humane Society International/Canada to establish protocols that will ensure that only the most environment-friendly materials that are sourced from certified sustainable sources are used across its supply chain by the end of 2025. It has also committed to putting an end to the use of all forms of animal fur and exotic skins by December 31, 2021.
Holt Renfrew has, additionally, partnered with TerraCycle to recycle beauty products and packaging collected throughout its stores across the country.
Aside from the partnerships, the retailer is also making efforts to reduce its carbon emissions in accordance to the Science-Based Targets initiative, which is consistent with levels required to meet the goals of the Paris Agreement.
Holt Renfrew’s targets include a reduction in GHG emissions by 65 percent by 2030, from a 2019 base year, a reduction in GHG emissions by 28 percent by 2030, from a 2019 base year as well as by 2025. The company has also set a target of ensuring that 67 percent of goods and services, whether they utilize upstream or downstream transportation, will meet science-based targets by 2025.
“Since joining Holt Renfrew last year, the team and I have been listening to our customers, our employees, and our communities across the country to better understand what they want from Holts,” said Sebastian Picardo, President & CEO, Holt Renfrew. ”Our customers are at the center of our business, and we want to ensure that sustainability and innovation are at the forefront of their experience at Holts.” Picardo said further, “Retail can be a force for good, and we know that our customers want to make trusted, responsible purchases. Our 360-degree commitment to sustainability removes the barriers for them, allowing them to shop with confidence, in a responsible way.”