![]() “For many companies, it will be a new area and I think we’re all learning,” Picardo said in an interview for a new SAP video. Picardo acknowledges that, and he embraces it. Igniting Positive Change Togetherįiguring out how to solve material and emissions problems - and then solving them - can be intimidating. Holt Renfrew helps shoppers find those new materials via its Holts Sustainable Edit, a curated collection of responsibly produced merchandise. “As we go through this, there’s more and more interest and appetite for looking at alternative materials and production processes that are still going to be bringing a lot of joy to our customers,” Picardo said. Collaborating on transparency and periodic targets - some are annual, others are evaluated every four or five years - also helps build trust. Toward that end, Holt Renfrew and its stakeholders are looking to adopt new, more sustainable materials and the retailer created a roadmap to reducing emissions across all three scopes, according to Picardo. “So, the area we focus on is to leverage the strong brand partnerships/relationships that we have to be able to work together in this area - and to really try to have more transparency.” “The area is extremely challenging for a multi-brand retailer because we don’t produce the product, and it’s more challenging for us to have visibility,” Picardo said. This, Picardo noted, can pose a big problem to retailers - and not just because the materials used in most products are the ones causing the harmful emissions. That’s everything from procuring raw materials to how customers use finished products, according to Deloitte. ![]() ![]() “In this category go all the emissions associated, not with the company itself, but that the organization is indirectly responsible for, up and down its value chain.” “Emissions-wise, Scope 3 is nearly always the big one,” global consultancy Deloitte stated.
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