Date published 10 October 2024
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We have the opportunity right now to prevent the most catastrophic impacts of climate change and at Marshalls, we’re committed to taking action.
We've aligned ourselves with a 1.5°C trajectory, with a key focus on reducing our greenhouse gas emissions to achieve net-zero and in January 2024, we submitted revised near-term and long-term targets to the Science Based Targets initiative (SBTi). These are based on a recalculation of the Marshalls group footprint following our acquisition of Marley in 2022 and encompass the requirement a part of the updated Net-Zero standard to include the reduction of scope 3 emissions.
We’re pleased to announce that our near-term and long-term net-zero carbon reduction targets have been approved by the SBTi, and we’re committed to reach net-zero by 2050.
Near-term targets*
- Our near-term scope 1 and 2 reduction target has been set at 50.5% reduction by 2030
- Our near-term scope 3 reduction target has been set at 37.5% reduction by 2033
Long-term targets*
- Our long-term scope 1 and 2 reduction target has been set at 90% reduction by 2040
- Our long-term scope 3 reduction target has been set at 90% reduction by 2050
*The targets use 2018 as the base year.
Michael Edwards, Group Head of Sustainability for Marshalls, said: “This is a true landmark moment for Marshalls and one we’re very proud to be telling people about. It’s a clear demonstration of our absolute commitment to become a more sustainable business, which is something we, along with our stakeholders, take incredibly seriously.
“Additionally, achieving this robust, gold standard in validation will undoubtedly go on to influence and drive our product development and innovation, ensuring we meet customer sustainability needs and remain competitive in a market increasingly focused on environmental responsibility. Meanwhile, our Environmental Product Declarations allow us to demonstrate how our commitment is manifesting itself at a product level and give our customers the power to make informed, sustainable choices.
“We’re now actioning the meaningful and measurable steps required to meet our targets – a commitment that’s set in stone.”
Tim Clement, Director of Social Value and Sustainability for Morgan Sindall Construction, a customer of Marshalls, said: “Knowing Marshalls has made a net-zero commitment which has now been validated by the SBTi provides us with a greater level of confidence and reassurance that we’re working with a business that is absolutely committed to doing the right thing for future generations – something that’s incredibly important to us here at Morgan Sindall Construction.”
Marshalls worked with the Carbon Trust on the development and submission of its targets to the SBTi. Samuel Lloyd, Sector Lead for Construction, Property and Infrastructure at the Carbon Trust, said: “Setting rigorous carbon reduction targets that are aligned to the latest science is a key step in any organisation’s path to net-zero. We’re pleased to have worked with Marshalls to develop these SBTi-validated targets, signalling the company’s strong commitment to accelerating its decarbonisation journey.”
You can find out more about our science-based targets here.