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illuminem summarizes for you the essential news of the day. Read the full piece on ESG Today or enjoy below:
🗞️ Driving the news: The LEGO Group has launched a new Supplier Sustainability Programme to enhance collaboration with suppliers on climate goals, mandating emissions reduction targets and reporting requirements
🔭 The context: This initiative is part of LEGO's broader climate action plan, aiming for net-zero emissions by 2050 and a 37% reduction by 2032
• Scope 3 emissions, which include supplier activities, account for over 99% of LEGO's carbon footprint
🌍 Why it matters for the planet: Addressing Scope 3 emissions is crucial for LEGO’s climate goals, and the new programme helps ensure suppliers also focus on sustainability, thereby promoting broader environmental impact
⏭️ What's next: Starting in 2024, suppliers must report carbon emissions annually and set near-term targets by 2026 and 2028
• LEGO will also collaborate with suppliers on improving efficiency, switching to renewables, and reducing transportation emissions
💬 One quote: “A net-zero world is simply not possible unless we find solutions that are greater than our own operations
• We want children to inherit a healthy planet and there’s no time to waste.” – Annette Stube, Chief Sustainability Officer, LEGO Group
📈 One stat: Scope 3 emissions account for more than 99% of LEGO Group’s carbon footprint
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