As the world faces significant and ongoing social, environmental and economic challenges, the actions we take to transform our business and our industry are more important than ever. Alongside others in our sector, we must continue to accelerate our efforts to reduce emissions in line with science and decouple our growth from resource use. As we make this journey, we must also contribute to a just transition for the millions who rely on the fashion industry for their livelihoods. I am convinced that brands placing sustainability at their core will be better prepared to meet the evolving requirements of customers and legislators, as well as making vital contributions to a better future for the people and the planet.
Our goal of net-zero greenhouse gas emissions by 2040, now verified by the Science Based Targets initiative, is a central part of this ambition and a foundation to our sustainability strategy. We are committed to reducing our climate impact in order to play our part in addressing the climate crisis, and have so far reached reductions of 10% in scopes 1 and 2 and 8% in scope 3 emissions from our 2019 baseline. To push ourselves further and faster, we are increasing efforts to decarbonise our value chain — including investing in projects to support our suppliers in reducing their own emissions.