Being a successful company means also being a responsible steward of the natural environment. Through our Sustainability 2.0 strategy, we’re doing our part to tackle environmental challenges – from energy and climate change, to chemical management and waste – while realizing benefits to our bottom line.
Sustainability 2.0 is our environmental sustainability strategy to execute environmental action in support of the Burlington 2.0 corporate strategy: to grow responsibly while remaining focused on delivering value to our customers. It outlines how we plan to:
- Focus and align environmental sustainability efforts to achieve internal and external goals reducing environmental impact.
- Increase use of renewable energy across our operations.
- Educate and engage Associates.
- Enhance Burlington’s reputation by incorporating environmental sustainability into our caring culture.
- Partner with non-merchandise suppliers for products and services with reduced environmental impact.
See our Environmental Policy Statement for more information.
Climate Related Goals
With national and international regulatory consensus growing around climate risk management, governance, and reporting (including SASB, the Climate Disclosure Standards Board, and TCFD - see CSR/ESG Reporting for most recent indices), at Burlington we strive to conduct an analysis of multiple frameworks, standards, benchmarks, and historical data trends. This work has enabled us to set two climate-related targets:
- Reduce our Scope 1 and 2 GHG Emissions 60% by 2030 (per operating square foot compared to our 2016 baseline), and.
- 20% of energy consumed to be provided by renewable sources by 2030
GHG Risk Management
We recognize that climate change inaction can pose physical, financial, and reputational risks to our business. These include risks to our physical buildings and processes arising from changing weather patterns, and transitional risks to our bottom line arising from energy and fuel price increases. In mitigating these risks, we seek to harness opportunities from cost efficiencies, drive GHG reductions, and strengthen our reputation as an environmentally responsible company.
We manage climate risks in line with international standards such as the Sustainability Accounting Standards Board (SASB), the Climate Disclosure Standards Board, and the Taskforce for Climate-related Financial Disclosure (TCFD). We also disclose performance through CDP’s climate change, water, and forestry questionnaires. Climate-related risks and opportunities are reviewed by our Board of Directors, overseen by the ESG/CSR Executive Steering Committee, the Group SVP Investor Relations and Treasurer, and the Vice President of Sustainability, and managed by the Director of ESG, Climate, and CSR.