Chalhoub Group commits to net-zero by 2040 with science-based targets

Chalhoub Group commits to net-zero by 2040 with science-based targets

- Chalhoub Group's 2022 Sustainability Report has been verified and assured by an independent third party, according to AA 1000 Assurance Standard to improve accountability and alignment to global reporting standards.

UAE, Dubai: Chalhoub Group today announced the release of its annual 2022 Sustainability Report. The verified report announces the validation of 10-year science-based targets by Science Based Target Initiative (SBTi), to reduce their carbon emissions in line with Chalhoub Group’s net-zero by 2040 commitment.

The 2022 Sustainability Report highlights Chalhoub Group's commitments across three key pillars - People, Planet, and Partners – while showcasing how the Group’s material Environmental, Social, and Governance (ESG) topics integrate into its operations, and effectively contribute to organisational, national, and global sustainability agendas.

Achievements across the three key pillars included Chalhoub Group surpassing its Women in Leadership (WiL) Programme 2021 target for 30% of senior leadership positions to be held by women and has now set a new target of achieving 35% by 2024. On the partners front, over 25% of Chalhoub Group’s supplier base has been assessed across United Nations Global Compact (UNGC) principles of transparency, labor and human rights, environment, and anti-corruption. Moreover, Chalhoub Group has committed to reducing absolute scope 1 and 2 GHG