Lojas Renner SA

Common Name
Lojas Renner
Country
Brazil
Sector
Consumer Cyclical
Industry
Department Stores
Employees
25,102
Ticker
LREN3
Exchange
B3 S.A.
Description
Lojas Renner S.A., a prominent player in the retail industry, operates a chain of apparel and accessories stores primarily in Brazil. Renowned for its extensive range of fashion products, the company ...

Lojas Renner's Climate Target Data Preview

As of 2023, Lojas Renner has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Lojas Renner ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Intensity-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1)
Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Clothes from Unspecified Activities
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Lojas Renner’s Climate Targets Data

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a. Lojas Renner's Annual Report 2023
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Insights into Lojas Renner's Greenhouse Gas Emissions Pathways

As of 2023, Lojas Renner has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Lojas Renner have a target to reduce the emissions from its operations?

As of 2023, Lojas Renner has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Lojas Renner's most ambitious operational target is to reduce these emissions by 46.2% by 2030, compared to a baseline of 11,232.3 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

Lojas Renner has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule. a

Lojas Renner's Operational (Scope 1+2) Emissions Pathway

20192023203003 k6 k9 k12 kBaselineCurrent (-59%)Target 2030 (-46%)

Does Lojas Renner have a target to reduce the emissions from its value chain?

As of 2023, Lojas Renner has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Lojas Renner's most ambitious value chain target is to reduce these emissions by 75% by 2030, compared to a baseline of 0.001 Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Clothes from Unspecified Activities in 2019. a

Instead of reducing value chain emissions, Lojas Renner has increased them, with 2023 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target. a

Lojas Renner's Value Chain (Scope 3) Emissions Pathway

20192023203000000Current (+5%)Target 2030 (-75%)
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