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European Climate Pact

Overview

Location

Spain

Sector

Manufacturing

Organisation type
Business

Company Information

Puig S.L. is a family-owned fashion and fragrances business headquartered in Barcelona, Spain. In 2021, it reported a total of 7,204 employees and net revenues for 2.5 billion Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Puig, S.L. has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2019

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • Puig, S.L. has a target to consume 100% of electricity from renewable sources by 2030 from a baseline of 64% renewable electricity consumption in 2021

​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Forests

Our actions – the Pathway

  • Set a quantifiable target for increasing the sustainable production and/or consumption of disclosed commodities as share of total
  • Have at least 90% of commodities certified in a no-deforestation compliant certification
  • Support or implement projects focused on ecosystem restoration and protection beyond no deforestation
  • Work beyond first tier suppliers to manage and mitigate deforestation risks through supply chain mapping or capacity building
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • Publicly disclose data on forest-related impact to investors through a public platform
  • Have board-level oversight of forests-related issues
  • Assess company and suppliers' compliance with forests regulations and/or mandatory standards when sourcing commodities from regions with high deforestation risk 

​​​​​​​MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Forests 2022

 

Water

Our actions – the Pathway

  • Publicly disclose data on water-related impact to investors through a public platform
  • Have board-level oversight of water issues
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Water 2022

 

Governance & Strategy

North Star

  • Puig, S.L. have a publicly available 1.5°C aligned low-carbon transition plan

​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals​​​​​​​

​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

​​​​​​​​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022