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Foot Locker, Inc. Announces Ambition to Achieve Net Zero Greenhouse Gas (GHG) Emissions by 2050 or Sooner

Foot Locker, Inc. Announces Ambition to Achieve Net Zero Greenhouse Gas (GHG) Emissions by 2050 or Sooner

Foot Locker, Inc., the New York-based specialty athletic retailer, announced its ambition to achieve net zero GHG emissions by 2050 or sooner, in alignment with climate scientists’ recommendations to transition toward a net zero state and avoid the worst impacts of climate change. This announcement marks an important milestone in the Company’s environmental, social, and governance (ESG) journey. As the Company looks to fiscal 2022 and beyond, it is committed to building on this progress and strengthening its vision for a more sustainable world.

Answering the call to limit the global temperature rise to 1.5°C, as well as feedback from stakeholders, the Company commits to setting a science-based target in line with the criteria established by the Science Based Target initiative (SBTi). The Company will report its progress against certain metrics regarding its GHG emissions annually in its Impact Report, which is available at investors.footlocker-inc.com/impactreport, and is aligned with the reporting disclosure guidance of the Sustainability Accounting Standards Board (SASB) industry standards and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. The Company expects to publish its next Impact Report in fall 2022.

See related article: Neiman Marcus Group Shares First-Ever Environmental Social Governance Report, Results from New Investments and 2025 Strategy

“Foot Locker, Inc. is committed to helping our planet remain a sustainable home for current and future generations,” said Richard A. Johnson, Chairman and Chief Executive Officer. “Unabated climate change presents risks for our business, industry, and society, but through climate stewardship, we may unlock opportunities to innovate and strengthen our relationships with our customers and the communities we serve.”  

Source: Foot Locker


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