Westwing commits to setting science-based targets for emissions reductions
Reducing carbon emissions is one of the main goals under Westwing’s 2030 sustainability strategy. The company already offsets carbon emissions and is carbon neutral in its own operations since the end of 2021. Westwing has now taken the next step and committed to the Science Based Targets initiative (SBTi) to reduce carbon emissions and help limit global warming to 1.5 °C in line with the Paris Climate Agreement.
Westwing’s commitment Westwing, the European leader in inspiration-based Home and Living eCommerce, aims to have its emission reduction targets ready by 2023. To kick off the process of setting science-based targets, Westwing signed a commitment letter stating that the company will define its targets based on the SBTi methodology. The Science Based Targets initiative, in short SBTi, is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). After signing the commitment letter, Westwing will be included in the list of companies that have committed to SBTi and will have 24 months to develop, submit, and communicate the targets. Westwing is still at the beginning of its journey of reducing carbon emissions but is confident of being on the right path.The company has already started working towards addressing carbon emissions by gradually switching to renewable energy sources across the warehouses and offices.
“Over the previous year, we made significant progress in calculating our carbon footprint and offsetting our emissions,” says Erasmia Kitou, Head of Sustainability at Westwing. *“We are now proud to join the growing group of leading corporations that are setting emissions reduction targets in line with what climate science says is necessary. By doing so, we recognize the crucial role the business community can play in minimizing the risk climate change poses to the future of our planet.” *
About the Science Based Targets initiative Science-based targets show companies how much and how quickly they need to reduce their greenhouse gas emissions to help avert the worst impacts of climate change and future-proof business growth. Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to address global warming in accordance with the 2015 Paris agreement. The targets need to be approved by the independent organization Science Based Target initiative (SBTi), a collaboration between the CDP (international non-profit organization that helps companies and cities disclose their environmental impact), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
About Westwing Westwing is the European leader in inspiration-based Home and Living eCommerce with EUR 522 million of revenue in 2021. Through its ‘shoppable magazine’, Westwing inspires its loyal Home Enthusiast customers with a curated product selection and combines that with gorgeous content. With unparalleled loyalty, Westwing is generating more than 80% of orders from repeat customers. Westwing’s mission is: To inspire and make every home a beautiful home. The company was founded in 2011 and is headquartered in Munich. Westwing went public on the Frankfurt Stock Exchange in October 2018 and is active in eleven European countries. Note: All figures are preliminary and unaudited.