Commercial, GHG Emissions, Sourcing Renewables - November 3, 2020
Estée Lauder reaches 2020 goal of net zero emissions
The Estée Lauder Companies announced Nov. 2 that it has achieved its two targets of net zero emissions and sourcing 100% renewable electricity globally for its direct operations.
The cosmetics company had joined RE100 with the intention of achieving these goals by 2020 and met that target on schedule. It also achieved its goal of establishing science-based emissions reduction targets for its direct operations and value chain, and with that, the company is now committed to reducing Scope 1 and 2 emissions 50% by 2030 compared to a 2018 baseline. The Estée Lauder Companies is also committing to reducing Scope 3 emissions from purchased goods and services, upstream transportation and distribution and business travel by 60% per unit revenue over that same timeframe.
“Today’s announcement signals a new level of ambition and dedication to climate action for The Estée Lauder Companies. Setting ambitious targets in line with the latest climate science is testament to our values and commitment to managing our business for the long term,” Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies, said in a statement. “In this decisive decade for climate action, we will continue to accelerate efforts to ensure a healthy, beautiful planet for generations to come.”
The company achieved its net zero and RE100 goals through the investment into new renewable energy projects, including a VPPA for 22 MW of wind power from the Ponderosa wind farm in Oklahoma. The project was the company’s largest renewable energy agreement to date and will cover more than half of the company’s electricity needs.
The Estée Lauder Companies also brought more than 5 MW of solar capacity online through ground-mount and rooftop onsite solar arrays at its facilities around the world. It also generated RECs to offset the remaining electricity used.