When it comes to climate protection, the S.OLIVER GROUP is guided by the results of climate research and supports compliance with the greenhouse gas reduction targets agreed in the Paris Agreement. In 2022, we therefore committed to the goals of the Science Based Target Initiative (SBTi), an alliance of important environmental and climate protection organizations with the participation of the UN Global Compact, which supports the private sector in making its contribution to limiting global warming to 1.5°C.
In 2022 and 2023, the foundations for this were laid in the S.OLIVER GROUP, in which the company categorized the three relevant emission sources (scopes) in accordance with the international standard protocol and surveyed them for the 2021 financial year.
Renewable EnergyRenewable energy sources replenish relatively quickly and are available in practically inexhaustible quantities. Our definition of renewable energy encompasses solar power, wind energy, hydropower, bioenergy, and geothermal energy.
At our headquarters in Germany, we are utilizing geothermal energy in two buildings. In our Austrian stores and office spaces, we sourced 100% green electricity with certificates of origin in 2023 (comprised of: 75.15% hydropower, 19.18% wind energy, 5.39% solar energy, and 0.28% other renewable sources).
Supply Chain EngagementWithin the supply chain, these objectives are measured through Key Performance Indicators (KPIs). In 2024, these KPIs were adjusted to not only address human rights aspects but also depict the environmental and climate performance of the supply chain. During a town hall meeting at the beginning of 2024, we extensively discussed these KPIs and their impact with suppliers, setting specific goals. To achieve these goals, we closely collaborate with our suppliers, assisting them in defining measures (such as adopting more climate-friendly energy sources). Workers and other stakeholders on-site also have channels to reach out to us regarding these matters.
To better illustrate the emissions arising within our supply chain, we conducted a survey with a total of 278 suppliers for the first time in 2024. Based on the results, we can more realistically assess emissions and simultaneously engage in individual dialogues with suppliers to collaboratively work on measures and goals.
In 2024, we are actively working to systematically record our suppliers’ own emissions. Our objective is to establish this practice with at least 50% of our suppliers. Additionally, we encourage and support our suppliers in transitioning to renewable energy sources. Here, too, our goal is for at least 50% of our suppliers to begin adopting these practices.
