Estée Lauder Companies reaches milestone climate goals; pushes forward for 2030

Estée Lauder Companies reaches milestone climate goals; pushes forward for 2030

THE WHAT? The Estée Lauder Companies has achieved net zero emissions as well as sourcing 100% renewable electricity globally for its direct operations, as a result reaching the target set when joining the RE100. 

THE DETAILS The company has also announced that it has met its goal to set science-based emissions reduction targets for its direct operations and value chain. 

In order to achieve net zero emissions and RE100 by 2020, the company deployed high-quality solutions and invested in projects, bringing additional renewable energy to the grid.

Aiming to reduce its operational carbon footprint, ELC also signed a Virtual Power Purchase Agreement (VPPA) for 22 megawatts (MW) of wind power from the Ponderosa wind farm in Oklahoma. According to a press release, the VPPA will cover more than half of the company’s electricity footprint with renewable energy technologies.

Other measures included adding to its global renewable energy portfolio by installing ground-mount and rooftop on-site solar arrays at facilities around the world. 

THE WHY? As companies showcase their 2020 climate achievements, the pressure has amplified to further their sustainability goals.

ELC has done just that, having committed to reducing absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2018 base year, as well as reducing scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, and business travel 60% per unit revenue over the same timeframe.

Nancy Mahon, Senior Vice President, Global Corporate Citizenship and Sustainability of The Estée Lauder Companies, said, “The Estée Lauder Companies has been deeply committed to climate action for many years and, in 2020, we not only stayed true to our commitments, but took steps to further accelerate progress. At such a critical time for our planet and communities around the world, we know this work is more important than ever.
“The events of this year have only underscored the urgency and imperative of climate action and we’re committed to doing our part, collaborating with partners to tackle one of the greatest challenges of our time.”