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    9983   JP3802300008

FAST RETAILING CO., LTD.

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Fast Retailing : GHG Reduction Targets Approved as Science-Based

09/17/2021 | 12:12am EST

Last Updated: 2021.09.17

FAST RETAILING CO., LTD.
to Japanese page

Fast Retailing Co., Ltd. today announces that the targets it has set for reductions in greenhouse gas (GHG) emissions by fiscal 2030 have been approved by the international organization, Science Based Targets initiative (SBTi), as science-based targets (SBTs) in line with what the latest climate science says is needed to meet the goals of the Paris Agreement to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.

Fast Retailing Targets Approved as SBTs

●Scope 1 & 2
(Emissions from own operations, such as stores and main offices)
90% reduction in GHG emissions from FY2019 levels by FY2030
●Scope 3
(Emissions from production of raw materials for products, fabric production, and garment manufacturing*)
20% reduction in GHG emissions from FY2019 levels by FY2030
●Proportion of electricity sourced for own operations derived from renewable energy 100% by FY2030

* UNIQLO and GU products

Fast Retailing is now implementing measures based on these targets to reduce GHG emissions from its own operations and in its supply chain. Further, the company is strengthening measures to achieve net zero GHG emissions by 2050.

About Science-Based Targets initiative
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies' targets.

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Disclaimer

Fast Retailing Co. Ltd. published this content on 17 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2021 04:11:06 UTC.


© Publicnow 2021
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Sales 2022 2 260 B 19 961 M 19 961 M
Net income 2022 190 B 1 676 M 1 676 M
Net cash 2022 634 B 5 605 M 5 605 M
P/E ratio 2022 36,4x
Yield 2022 0,78%
Capitalization 6 885 B 60 718 M 60 823 M
EV / Sales 2022 2,77x
EV / Sales 2023 2,44x
Nbr of Employees 55 589
Free-Float 51,4%
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Mean consensus HOLD
Number of Analysts 14
Last Close Price 67 400,00 JPY
Average target price 82 176,71 JPY
Spread / Average Target 21,9%
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Tadashi Yanai Chairman, President & Group CEO
Takeshi Okazaki CFO, Director & Group Senior Executive Officer
Masaaki Shintaku Independent Outside Director
Toru Hambayashi Independent Outside Director
Nobumichi Hattori Independent Outside Director
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