Harrods has unveiled its first Environmental, Social, and Governance report, marking a significant step in its sustainability efforts.
- The report highlights a 2.4% reduction in Harrods’ Scope 1 and 2 greenhouse gas emissions from the previous year.
- Solar panels now provide 41% of the annual power requirement for Harrods’ Thames Valley distribution centre.
- Harrods launched a beauty recycling scheme to bolster its environmental initiatives.
- The Community Pillar strategy has been introduced to support and empower global communities.
Harrods, the luxury department store established in London’s Knightsbridge since 1849, has taken a substantial step in its commitment to sustainability by releasing its first Environmental, Social, and Governance (ESG) report. This report covers the period from 1 February 2023 to 31 January 2024, detailing the company’s accomplishments, initiatives undertaken, and future sustainability plans.
One of the hallmark achievements outlined in the report is a 2.4% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2022 levels. This advancement underscores Harrods’ dedication to mitigating its carbon footprint. Michael Ward, Harrods’ managing director, expressed pride in presenting the company’s inaugural ESG report, recognising it as an important first step while acknowledging the ongoing challenges in their sustainability journey.
Moreover, the report details the installation of solar panels at the Thames Valley distribution centre, which now supplies 41% of the facility’s annual energy needs. This initiative represents a significant move towards energy independence and sustainable operations for the renowned department store.
Harrods is furthering its environmental responsibility through the introduction of a beauty recycling scheme. This initiative is designed to augment the store’s existing sustainability projects, providing customers with opportunities to actively participate in environmental conservation efforts.
Furthering its commitment to social responsibility, Harrods has launched the Community Pillar strategy. This strategy aims to empower communities globally by forging partnerships with charitable organisations, reinforcing Harrods’ role as not only a luxury retailer but also a conscientious corporate citizen.
Harrods’ inaugural ESG report signifies a critical juncture in its sustainability journey, with substantial achievements and a roadmap for future progress.
