We are thrilled to share with you an update on our 2024 Corporate Carbon Footprint (CCF). As you may recall, we reached a significant milestone last year by calculating our first-ever CCF and establishing a Greenhouse Gas (GHG) inventory. It is a vital tool for us to be accountable and transparent about our climate impacts, which enables us to navigate our climate-related risks and opportunities.

Background and results

What is Corporate Carbon Footprint (CCF)

A Corporate Carbon Footprint (CCF) is an accounting of the total greenhouse gas (GHG) emissions resulting from a company’s direct and indirect business activities. This encompasses not only carbon dioxide (CO2) but also other greenhouse gases, such as methane (CH4) and nitrous oxide (N2O). By converting the global warming impact of these gases into carbon dioxide equivalent (CO2e), and utilizing conversion factors from various databases, we can thereby obtain a quantitative insight into our climate impacts, in terms of carbon emission.

We have partnered with external partner to perform the CCF calculation.

The GHG Protocol classifies corporate emissions into three scopes: Scope 1, Scope 2, and Scope 3.

• Scope 1 – direct emissions that occur from the controlled sources (e.g., company vehicles, fuel combustion, and fugitive sources) in our production centers, distribution centers, offices, and stores.
• Scope 2 – indirect emissions associated with the purchased energy (e.g., electricity, heating, and cooling) that operate our production centers, distribution centers, offices, and retail stores.
• Scope 3 – all indirect emissions that occur in our value chain, including both upstream (e.g., our purchased raw materials, operations of our suppliers, logistics, and employee commuting) and downstream emissions (e.g., use of sold products and end-of-life of sold products).‍

Why is it important?

Understanding and managing the CCF is the first step toward achieving meaningful emission reductions across a business, as it identifies emissions hotspots within operations, helping to pinpoint areas that require reduction efforts. Additionally, carbon reporting is becoming an increasingly significant regulatory requirement, highlighting its importance for environmental stewardship and legal compliance. 
Here we summarize three important reasons why we care about our CCF:

• Climate impact: GHG emissions drive climate change, significantly impacting society and the environment, and tracking these emissions helps us to identify reduction areas for both direct and indirect emissions.

• Business benefits: Identifying GHG emissions inefficiencies can lead to cost savings and process optimization, while proactively measuring emissions helps avoid greenwashing and meets the transparency expectations of stakeholders like investors, customers, and regulators.
• Risk management: Proactively managing emissions enables companies to mitigate future risks from supply chain disruptions and policy changes, while ESG factors influence investor decisions and regulations like the CSRD disclosure requirements.

2024 Result

You can find out more in our 2024 Sustainability Report on our corporate website.

Looking ahead

The establishment of the GHG inventory has paved the way for our climate journey. Alongside the CCF project, we are also progressing toward developing our Science-based Targets, as well as disclosing our environmental impact through the annual sustainability report.

In May 2025, we submitted our commitments to SBTi to set near-term targets in line with the Paris Agreement 1.5 degree pathway. Our commitment can be found on the SBTi’s Target Dashboard.