Petco Health and Wellness Company, Inc. published its Fiscal Year 2024 TCFD Report, outlining its approach to climate-related risks and opportunities. The report details the company's governance structure, with the Board's Nominating & Corporate Governance Committee overseeing climate and sustainability matters. The Vice President of Sustainability leads day-to-day efforts, reporting to the Chief ESG & Communications Officer.
The company is integrating climate considerations into its strategic framework and financial planning, including qualitative climate scenario analysis using RCP4.5 and RCP8.5 scenarios. This analysis explores potential impacts on operations and supply chain, considering acute and chronic physical risks, as well as transition risks related to policy, market, reputation, technology, and liability.
Petco reported its 2023 Scope 1 and Scope 2 greenhouse gas emissions as 145,652 tons of CO2e. The company is focused on developing a deeper understanding of its climate impacts through data collection and analysis, with a goal of setting tangible, science-based targets in the future. Metrics used include GHG emissions, waste diversion rates, water usage, and water intensity.
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