Greenhouse gas (GHG) emissions are one of the major causes of rising global warming. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as oil and gas. Due to rising GHG emissions from the operations of companies, it became important among major contributing sectors to report GHG emissions during their operations.
Several retailers, including Walmart, already measure their carbon footprints and climate change programs. Retailers generate a significant portion of their carbon footprint in their stores. In a retail outlet, heating, lighting, air conditioning, ventilation, cooking, and refrigeration are the main factors for direct energy consumption, and therefore carbon emissions.
Burlington Stores Inc (Burlington Stores) operates a chain of apparel and home product retail stores. The company’s product portfolio comprises women’s ready-to-wear apparel, menswear, youth apparel, kids wear, baby, coats, nursery furniture, beauty, footwear, accessories, home, toys, gifts, and coats. It also retails a comprehensive range of home decor and gift items. It also provides home delivery and e-commerce services. The company operates its stores under Burlington stores, BCF, Burlington, Burlington Coat Factory, MJM Designer Shoes, and Cohoes Fashions banners.
In 2021, the total GHG emissions of Burlington Stores were 315.16 thousand tonnes of CO2 equivalents, an increase of 24.2% over 2020.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources owned or controlled by the company. Scope 2 encompasses indirect emissions resulting from the generation of energy that the company purchases, such as electricity. Scope 3 involves other indirect emissions that relate to the emissions produced in the company’s value chain from upstream and downstream activities.
In 2021, Scope 2 emissions form the major portion of Burlington Stores’ total GHG emissions, accounting for 157.44 thousand tonnes of CO2 equivalent (50% of the total GHG emissions), an increase of around 9.2% from 2020. In 2021, the company's Scope 1 emissions (35.09 thousand tonnes of CO2 equivalent) increased by around 20%, and Scope 3 emissions (122.63 thousand tonnes of CO2 equivalent) increased by 52.5% over 2020.
Burlington Stores aims to reduce Scope 1 and 2 greenhouse gas emissions by 60% and achieve 20% renewable energy consumption by 2030.
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