GlobalData offers a comprehensive analysis of Dufry, 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 Dufry‘s ESG performance. GlobalData’s company profile on Dufry 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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Dufry, a global travel retail company, is committed to reducing its carbon emissions and achieving climate neutrality for Scopes 1 and 2 by 2025. Following the Greenhouse Gas Protocol (GHGP) standards for CO2 emission reporting, Dufry has defined science-based emission reduction targets, recognizing the crucial role the business community can play in minimizing climate change risks. The company reveals its plans and targets in its 2022 Annual Report.

In its 2022 GHG inventory, Dufry reported Scope 1 emissions, which include the consumption of Dufry-managed goods transportation and heating diesel and gas, amounted to 1,524 tons of CO2-eq. Scope 2 emissions, inclusive of the contribution from purchased Renewable Energy Certificates (RECs), reached 18,900 tons of CO2-eq. Scope 3 emissions comprised data from logistics partners, accounting for 83% of the total volume of goods transported globally in 2022, and global employees' business flight emissions, totaling 7,509 tons of CO2-eq. The cumulative GHG emissions for Dufry in 2022 amounted to 27,934 tons of CO2-eq.

Dufry has set emission reduction targets, validated by SBTI, encompassing several key commitments. The company aims to achieve a 94.2% reduction in absolute Scope 1&2 GHG emissions by 2030, measured against the 2019 base year. Dufry also commits to increasing the annual sourcing of renewable electricity from 0% in 2019 to 100% by 2025 and maintaining this commitment through 2030. In line with this, Dufry plans to continue its RECs purchasing program during 2023 to cover, at least, an additional 20% of its electricity consumption. Additionally, Dufry pledges that 74% of its suppliers, covering purchased goods and services, will have science-based targets by 2027. Moreover, the company commits to reducing absolute Scope 3 GHG emissions from upstream transportation by 28% by 2030.

The company outlines its approach to handling carbon-related assets and its exposure to climate-related risks and opportunities. By collaborating with service providers who prioritize waste management, recycling, and circular economy practices, Dufry is taking proactive measures to reduce its environmental impact.

In conclusion, Dufry is committed to reducing its carbon footprint and achieving climate neutrality for Scopes 1 and 2 by 2025. The company has demonstrated ongoing progress, set targets, and outlined its strategy, emphasizing collaboration with service providers focused on waste management and recycling practices to address environmental challenges.

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GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.