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MillerKnoll Achieves SBTi Validation for Near-Term Carbon Reduction Targets

1. MillerKnoll approved by SBTi for emissions reduction targets. 2. Targets include 50% reduction in GHG emissions by FY2030. 3. Plans to increase renewable electricity sourcing from 38.3% to 100%. 4. Additionally aims for a 25% reduction in scope 3 GHG emissions. 5. This aligns with company’s new sustainability strategy.

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FAQ

Why Bullish?

MillerKnoll’s commitment to sustainability can attract eco-conscious investors, similar to trends in green stocks.

How important is it?

The recognition from SBTi signals strong corporate responsibility, enhancing brand reputation and operational longevity.

Why Long Term?

Sustainability initiatives may drive customer loyalty and sales, influencing long-term growth trends.

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Herman MillerKnoll
, /PRNewswire/ -- MillerKnoll, a collective of dynamic design brands, has received approval from the Science Based Targets initiative (SBTi) for its near-term science-based emissions reduction targets covering its global activities. SBT Logo SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating climate change. They develop standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement.   "Validating our near-term carbon reduction targets with SBTi is a critical milestone in staying at the forefront of our customers' expectations for climate action," said Gabe Wing, Vice President of Sustainability at MillerKnoll. "By aligning with the latest climate science and global standards, we're ensuring our efforts to enhance the sustainability of our products, spaces, and processes, are credible and impactful."  MillerKnoll's near-term science-based targets as validated by SBTi: MillerKnoll commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2022 baseline year. MillerKnoll also commits to increase active annual sourcing of renewable electricity from 38.3% in FY2022 to 100% by FY2030. MillerKnoll further commits to reduce absolute scope 3 GHG emissions from purchased goods and services, waste generated in operations and end-of-life treatment of sold products 25% within the same timeframe. This achievement, which comes on the heels of MillerKnoll announcing its new sustainability strategy, builds upon the company's history of environmental stewardship and underscores its ongoing commitment to design for the good of humankind. For more information about MillerKnoll's commitment to sustainability, please visit millerknoll.com/environmental-social-impact/sustainability. About SBTi The SBTi defines and promotes best practice in science-based target setting and independently assesses companies' targets. The SBTi is incorporated as a charity, with a subsidiary which will host the target validation services. Their partners are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). To learn more, visit www.sciencebasedtargets.org. About MillerKnollMillerKnoll is a collective of dynamic brands that comes together to design the world we live in. The MillerKnoll brand portfolio includes Herman Miller, Knoll, Colebrook Bosson Saunders, DatesWeiser, Design Within Reach, Edelman, Geiger, HAY, HOLLY HUNT, Knoll Textiles, Maharam, Muuto, NaughtOne, and Spinneybeck|FilzFelt. MillerKnoll is an unparalleled platform that redefines modern for the 21st century by building a more sustainable, equitable, and beautiful future for all.    SOURCE MillerKnoll WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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