Several apparel players had their commitments removed from the Science Based Targets initiative.
The organization enacted a new “Commitment Compliance Policy” in January so that it is visible to stakeholders when companies either fail to comply or opt out of reporting, rather than simply removing them from the website without a trace. SBTi gave firms an extension timeline to July 31 upon announcing the policy in January.
As of Aug. 9, 120 companies had commitments removed. The data is updated every Thursday. There are seven apparel players with commitments removed including Alkaram Towel Industries Ltd., Nahar Industrial Enterprises Ltd., Sapphire Finishing Mills Ltd., Sapphire Textile Mills Ltd., SCM Garments PVT Ltd., Taiga Apparel Ltd. and The Schneider Group. . Two retailers,In 2020, Amazon committed to setting voluntary science-based targets with SBTi.
Kohl’s joined SBTi in July 2021. In March 2022, at Kohl’s Investor meeting, the company took it a step further by committing to reaching net zero emissions by 2050. It is unclear whether Inc. will continue to work with SBTi to refine its reporting. The company could not be reached by publication time for comment on its commitment removal.“The new policy makes it clear where companies have committed to set targets but then failed to comply,” SBTi said in a press release. “Not only does this increase transparency and accountability around commitments and eventual validation, it acts as a major disincentive for companies to make commitments without taking action.
SBTI’s statement underscored that regardless of the status of the commitment, a target can still be submitted and approved. “It is by no means the end of the story for any company.”
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