Harrods has taken a significant step in its sustainability journey by releasing its inaugural ESG report.
- The report highlights Harrods’ decarbonisation efforts with a 2.4% reduction in Scope 1 and 2 emissions.
- Solar panel installation at the Thames Valley centre now contributes 41% of its annual power needs.
- A new Community Pillar strategy has been introduced to support global communities through charity partnerships.
- The Harrods beauty recycling scheme has been launched, emphasising circularity.
Harrods has released its first Environmental, Social and Governance (ESG) report, marking a crucial step in the company’s sustainability efforts. This report covers progress from 1 February 2023 to 31 January 2024, addressing key areas like decarbonisation, diversity, and circularity.
There has been a noteworthy 2.4% reduction in Scope 1 and 2 greenhouse gas emissions compared to the previous year. This reduction signifies Harrods’ commitment to decreasing its environmental footprint.
The installation of solar panels at the Thames Valley distribution centre is a substantial move contributing to sustainability. These panels now supply 41% of the facility’s annual power requirements, reflecting Harrods’ strategic investments in renewable energy.
In addition to environmental measures, Harrods has introduced the Community Pillar strategy. This initiative aims to empower global communities by collaborating with charity partners, demonstrating Harrods’ dedication to social responsibility.
Further promoting circularity, Harrods has launched a beauty recycling scheme. This initiative is designed to reduce waste and encourage environmentally conscious consumer practices.
Michael Ward, managing director at Harrods, emphasised the importance of sustainability in maintaining the high standards expected from the brand. He stated: “We recognise that it is only by putting the sustainability of our business, our supply chain and the planet at the forefront of our business, that we can assure the continuing high standards that we have always stood for and that our customers expect.”
Harrods’ sustainability report signifies an important milestone, yet acknowledges the ongoing work required in its sustainable journey.
