Domino’s Pizza Group among the first group of companies to have net-zero target approved by Science Based Targets initiative
[18 August 2022] Domino’s Pizza Group plc (“Domino’s” or “the Company”) is pleased to announce it has committed to reach net zero greenhouse gas (GHG) emissions across its value chain by 2050, which has been assessed and approved by the Science Based Targets initiative’s (SBTi) net-zero process validation.
Domino’s is among the first group of businesses to have its net zero target approved through the SBTi’s recently launched Net-Zero Corporate Standard, the world's first framework for corporate net zero target setting in line with climate science.
In the near term, Domino’s will reduce absolute scope 1 and 2 GHG emissions by 42% each by 2031, from a 2021 base year. In addition, absolute scope 3 GHG emissions from purchased goods and services and franchises will be reduced by 25% within the same timeframe. Both commitments are consistent with the 1.5-degree pathway ambition and after careful review by the SBTi, they met all criteria in terms of timeframe, emissions coverage, and ambition.
Today’s announcement reinforces Domino’s commitment to its broader corporate purpose; to deliver a better future through food people love. This ensures that while Domino’s is focused on delivering long-term sustainable growth, it does so responsibly and in a way that delivers a better outcome for all.
Dominic Paul, Chief Executive of Domino’s Pizza Group PLC, commented: “Climate change is one of the greatest challenges of our time, and addressing this is not only a moral imperative but makes good business sense. We are pleased to have received the SBTI’s approval for our net zero target, which is another important milestone in our longstanding commitment to reduce Domino’s environmental footprint. Our business is guided by our ambition to deliver a better future through food people love and reducing our greenhouse gas emissions is central to that. We are looking forward to providing a more detailed update on Domino’s sustainability strategy, including how we will achieve our net zero commitment, in our 2022 Annual Report.”
Notes to Editors
About Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. To learn more about SBTi, please visit: www.sciencebasedtargets.org
About Domino’s Pizza Group
Domino's Pizza Group plc is the UK’s leading pizza brand and a major player in the Irish market. We hold the master franchise agreement to own, operate and franchise Domino’s stores in the UK and the Republic of Ireland, and have associate investments in Germany and Luxembourg. As of 1 August 2022, we had 1,243 stores in the UK and Ireland.