Kingfisher accelerates climate change action

Kingfisher plc, owner of Screwfix and B&Q, has announced its commitment to a new 2040 net zero target and an increased 60% Sustainable Home Products sales 2025 target. In its annual Responsible Business Report it showed that the business has made significant progress with its responsible business priorities during the financial year.

Key 2021/22 achievements  

  • 24.5% reduction in carbon emissions across Kingfisher’s operations
  • Over £5.8 billion (44.1%) in annual sales came from products that help customers create more sustainable homes
  • 87.2% of wood and paper in products, and 100% of catalogue paper, now being responsibly sourced and on track to be Forest Positive by 2025/26

New targets

  • New goal to reach net zero emissions for operations by the end of 2040
  • 60% of total sales to be from Sustainable Home Products by the end of 2025.

Thierry Garnier, Chief Executive Officer of Kingfisher plc, said: “We are committed to helping tackle climate change by setting targets both in the short and in the long term. In the short term, we are on track to reduce our carbon emissions in line with global efforts to limit warming to below 1.5°C by 2025. In the long term, we are now committed to reach net zero emissions by the end of 2040.

“Helping our customers to live in more sustainable homes is another of our key priorities. We think everyone deserves a greener, healthier home – that’s comfortable to live in but uses fewer resources and costs less to run. With rising energy prices, home energy efficiency has never been more important.

“There is more to do, but we have made good progress since last year, not only with our progress on carbon reduction but also with our work to become a more inclusive company, and our commitment to help people living in unfit housing.

“Being a responsible business is at the heart of our ‘Powered by Kingfisher’ strategy. By uniting colleagues behind our responsible business ambitions and embedding our targets into our reward structures and governance processes, we are committed to use our knowledge, experience and scale to achieve positive change for all.”