Lagardère Travel Retail’s Carbon Reduction Targets Approved by SBTi — A Milestone in our Sustainability Journey

Lagardère Travel Retail announces that its greenhouse gas emissions reduction targets have been officially approved by the Science Based Targets initiative (SBTi). This validation confirms that the company’s commitments are aligned with the most stringent scientific criteria to limit global warming to 1.5°C.

The SBTi’s approval marks an important milestone in Lagardère Travel Retail’s sustainability journey, reinforcing its commitment to reduce greenhouse gas emissions along its entire value chain:

• Lagardère Travel Retail commits to reduce its direct greenhouse gas emissions (scope 1 and 2) 42% by 2030 from a 2024 base year.
• Lagardère Travel Retail also commits to reduce its indirect greenhouse gas emissions (scope 3) 25% within the same timeframe.

These targets are aligned with SBTi’s most recent requirements — currently among the most demanding frameworks in corporate climate target setting.

The validation of these reduction objectives under such rigorous standards demonstrates the credibility and ambition of our company’s decarbonization roadmap.

Through its global CSR strategy PEPS (Planet. Ethics. People. Social), Lagardère Travel Retail is deploying clear, measurable and impactful actions to reduce its environmental footprint, promote ethical business practices, support its people and engage with local communities. These efforts are being rolled out not only across the company’s own operations, but also in collaboration with its partners, in a shared ambition to transform the Travel Retail industry.

Lagardère Travel Retail sees the approval of its targets by SBTi as a call to accelerate progress, take a leadership role, and continue building a more sustainable future for all stakeholders.

Frédéric Chevalier, CEO of Lagardère Travel Retail, commented: “This validation by the SBTi confirms the strength and ambition of our climate strategy. At Lagardère Travel Retail, we are committed to taking a leadership role in the sustainable transformation of our industry, embedding environmental responsibility at the heart of our growth model. It is a firm commitment, essential to securing a more sustainable operations for our customers, partners, brand partners, and future generations.”

Lucio Rossetto, Regional COO Europe & CSR Officer, added: “We are making concrete progress on our roadmap, and the SBTi’s validation is an important milestone in our decarbonization journey. Through a rigorous and collaborative approach, we are implementing tangible actions that reduce our environmental impact while engaging all our stakeholders.”

About Lagardère Travel Retail
One of the two priority divisions of Lagardère group, Lagardère Travel Retail is a leading global Travel Retailer, with the longest standing expertise of serving the needs of travelers and partners across Travel Essentials, Duty Free & Fashion and Dining. Lagardère Travel Retail operates over 4,970 stores in airports, railway stations and other concessions in 51 countries, and has generated €7.6 bn in sales (100%) in 2024.
We harness our pioneering culture to make travel more enjoyable with bespoke offers and experiences. We invest our world-class global expertise and local knowledge to design value-creating partnerships and experiences for our stakeholders: landlords, brands, travelers, employees and communities.
We actively champion the more sustainable future of Travel Retail through our comprehensive CSR strategy, covering all aspects of where we, as a business, have an impact and can make a difference.
www.lagardere-tr.com  ●  @LagardereTR