Pandora, the world’s largest jewellery brand, has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List’. Pandora also received an ‘A’ score in 2022.
CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded, and Pandora was one of them.
Pandora has committed to some of the most ambitious climate targets in the jewellery industry. The company recently announced that it has changed its precious metals supply and is now sourcing only recycled silver and gold for all its jewellery, avoiding 58,000 tons CO2 every year. Pandora has set a science-based target to halve its total emissions by 2030 and reach net zero by 2040.
“We are proud that Pandora has made the ‘A-list’ for the second time. We have an ambitious sustainability agenda, and not only are we committed to reaching our goals, but we will also share our successes and challenges in a transparent way. Thanks to CDP for this recognition of our hard work, “said Marissa Saretsky, Vice President Sustainability at Pandora.
Sherry Madera, CEO of CDP, said: “Congratulations to all the companies on CDP’s A List, and those companies that started or accelerated their journey towards environmental transparency in 2023 – we saw a 24% increase of disclosures last year and that trajectory is to be applauded. It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net-zero, nature-positive future.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that do not disclose or provide insufficient information are scored an F.
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