Li & Fung Limited

Li & Fung targets a 42% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2021 baseline under SBTi validation, alongside engaging 80% of suppliers in science-based targets, to align with the apparel sector's 1.5°C pathway and emerging mandates such as EU CSRD. These goals will be advanced through $51 million in quantified initiatives including $8 million renewable PPAs with NextEra Energy and Schneider Electric delivering 120,000 mtCO2e annual cuts, $12 million cotton insetting with CottonConnect and Inditex for 85,000 mtCO2e yearly sequestration, supplier accelerators with IFC and WWF, and circular programs with Renewcell and H&M that collectively address Scope 3 emissions across 15,000 suppliers. The approach converts sustainability from cost center to catalyst by generating $117 million in five-year returns, $3 million in annual verified carbon credit revenue, and access to a $50 million IFC green financing facility, while strengthening reputational positioning through transparent ESG reporting and risk mitigation.