GlobalData offers a comprehensive analysis of Bath & Body Works, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Bath & Body Works’s ESG performance. GlobalData’s company profile on Bath & Body Works offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Bath & Body Works, a leading retailer of personal care products, is committed to reduce its greenhouse gas (GHG) emissions across scope 1, scope 2, and scope 3 categories. Scope 1 emissions refer to direct emissions from owned or controlled sources, scope 2 emissions include indirect emissions from purchased electricity, and scope 3 emissions encompass indirect emissions from the value chain.
The current carbon emissions of Bath & Body Works are provided for scope 1 and scope 2. In 2022, the company reported 18,374 metric tons of CO2 equivalent for scope 1 emissions and 78,400 metric tons of CO2 equivalent for scope 2 emissions (location-based). Additionally, the company reported 58,171 metric tons of CO2 equivalent for scope 2 emissions (market-based). It is actively engaged in measuring Scope 3 emissions across its broader value chain, establishing a baseline, and setting ambitious yet realistic emission reduction targets. The company has set ambitious goals concerning climate change and carbon emissions, aiming to achieve a 50% reduction in Scope 1 and 2 emissions by 2030. To attain this objective, the company is actively exploring the utilization of renewable energy as a key strategy.
Bath & Body Works has taken steps to reduce its emissions and company has implemented various measures, including interviews with relevant personnel, review of documentary evidence, and audits of data used to determine GHG emissions. These steps are part of the verification process conducted by Apex Companies, LLC, an independent verification team. The verification team has confirmed that the GHG emissions data and information provided by Bath & Body Works are materially correct and prepared in accordance with recognized standards.
Bath & Body Works is committed to managing climate-related risks and opportunities and the company integrates processes for identifying, assessing, and managing climate-related risks into its overall risk management. It also considers different climate-related scenarios, including a 2°C or lower scenario, to ensure the resilience of its strategy.
In conclusion, Bath & Body Works is actively working towards reducing its GHG emissions. The company has reported its current emissions for scope 1 and scope 2 and has taken steps to ensure the accuracy and compliance of its emissions data. With a focus on managing climate-related risks and opportunities, Bath & Body Works is committed to sustainability and making a positive impact on the environment.
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