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ESG



Creativity opens spaces

As the modern British luxury brand, we are committed to acting responsibly as a business to achieve our goals.

We recognise that the long-term success of our business depends on investing in the environmental sustainability of our operations, the resilience of our supply chains and our management of climate change impacts.

Our Burberry Beyond strategy sets out ambitions across four priorities, supported by 12 targets against which we track progress against to create lasting change.


Meeting our ESG goals


Product

  • 100% of key raw materials in our products to be certified and traceable by FY 2029/30
  • Continue to evolve our aftercare offer and trial new circular business models
  • Eliminate plastic packaging

Planet

  • Reduce our scope 1, 2 and 3 emissions and become Climate Positive by FY 2039/40 by neutralising residual emissions through carbon removal projects
  • Embed sustainable manufacturing processes across our supply chains
  • Protect nature by contributing to sustainable management of natural forests and supporting zero deforestation across our products and supply chain by FY 2025/26

People

  • Being a luxury brand which is inclusive of all
  • Increasing representation
  • Ethical trading
  • Wellbeing in the supply chain

Communities

  • Empower young people to create better futures
  • Increase volunteering opportunities for colleagues

Burberry Beyond

We commit to continually evolve, innovate and defy convention to build a brighter future for generations to come.

As a brand built on the desire to explore nature and the great outdoors, our new strategy, Burberry Beyond, is our commitment to be a force for good through how we design, source, create and advocate.


We are determined to be a better company, to create a more sustainable future for luxury, and to have a positive impact on climate, nature and people.

This compels us to draw on our creative spirit, to evolve, innovate and, at times, defy convention.

It also requires us to enhance our metrics to track, guide and report on progress.



We have an industry-leading ambition to be climate positive by 2040

  • We have set science-based targets to reduce absolute carbon emissions across our own operations and value chain. Our targets have been validated by the Science-Based Targets initiative (SBTi) and are in line with a 1.5°C degrees pathway and the SBTi’s Net-Zero Standard
  • We commit to having 100% certified and traceable key raw materials by FY 2029/30

We will implement company-wide allyship training

  • Continue to take action to support our ambition to be a luxury brand that is inclusive of all
  • We will uphold our global bereavement policy, including for colleagues impacted by pregnancy loss

We will offer support for communities in need

  • Our updated Communities strategy is focussed on empowering young people to create better futures
  • Take action to support communities underpinned by The Burberry Foundation whose new global strategic mission focuses on empowering disadvantaged youth and expanding The Foundation’s activities to include Burberry’s key operational geographies

Recognition

In FY 2022/23, we were recognised for our achievements in environmental and social responsibility.

 

FTSE4Good Index: We are included in the FTSE4Good Index, with a rating of 4.2 out of 5, significantly above the industry average of 2.3

CDP: We achieved a leadership (A) score in the 2022 CDP Climate Change survey

MSCI: AAA Rating

S&P Global: Yearbook Member

Sustainalytics: Rated as negligible risk

Finance for the Future Sustainability Awards: winner of the Climate Leader Award in 2021

Reuters Responsible Business Awards: highly commended in the Net Zero Transition Award category in 2022

Bloomberg Gender-Equality Index 2022: recognised for the third consecutive year

FTSE Women Leaders Report: named a Best Performer

UNFCCC: member of the UN’s Fashion Industry Charter for Climate Action (UNFCCC)

European Women on Boards Gender Equality Index: recognised as a Best Practice Leader

 


Our contribution to the UN's Sustainable Development Goals

Committed to a decade of action

Our commitment to ESG is longstanding, grounded in the belief that for sustainable growth we need to stay responsive to the challenges facing the luxury fashion industry and beyond.

Following the United Nations’ ethos of For People and Planet, we are dedicated to enabling social progress and reducing our environmental footprint. We work with a wide range of stakeholders, including our peers, sector experts, supply chain communities and non-governmental organisations (NGOs) to help us achieve our ambitions and address the challenges that threaten the environment and the prosperity of our communities.

Our ESG activity is aligned to the Paris Climate Agreement, the UN Global Compact and UN Guiding Principles on Business and Human Rights, and informed by the SDGs. As part of the United Nations’ 2030 agenda, we are committed to focusing action on driving change via the global Goals.

Find out how we are contributing to the UN's Sustainable Development Goals


Our people

Together, we open spaces for creativity to flourish by prioritising our people’s wellbeing and being an open, inclusive and caring employer. By listening to, valuing and amplifying the voices of our colleagues, we ensure Burberry reflects the rich diversity of our customers and our communities, and cultivates a culture of true inclusion and belonging.

Planet

We are creating the next generation of sustainable luxury for our customers and helping transform our industry.

Representation

We are committed to building strong, diverse teams of outstanding individuals who are inspired by our heritage and fuelled by creativity, curiosity and care.

Governance

The Board is collectively responsible for promoting Burberry’s long-term success, for setting its strategic aims and ensuring a framework of prudent and effective controls.

 


Sustainability bond

Burberry is committed to using its position and influence to drive social and environmental improvements and foster sustainability innovation in the value chain, from the sourcing of raw materials to the manufacturing of finished products and distribution through our stores and wholesalers. We are also committed to enlisting the support of investors in delivering these ambitions by linking Burberry’s Sustainability strategy to its funding requirements.

The categories of our Eligibility Criteria are as follows:

  • Green buildings
  • Environmentally sustainable management of living natural resources and land use
  • Pollution prevention and control (including waste prevention, waste reduction and waste recycling)

External assurance of Taskforce on Climate-related Financial Disclosures reporting

Burberry is committed to implementing the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). In FY 2022/23 we appointed Ernst & Young LLP (EY) as independent auditors to provide assurance on our TCFD disclosures.

The TCFD Basis of Reporting and Assurance Statement are available below:

Burberry’s full TCFD disclosure can be found in the FY 2022/23 Annual Report

Downloads

Annual Report

Sustainability Bond

 

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