Potential offtaker

Pandora A/S

www.pandoragroup.com

Estimated electricity consumption

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Countries of production presence

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Pandora A/S is a Danish jewelry company that was founded in 1982 by Per Enevoldsen and his wife Winnie. The company is headquartered in Copenhagen, Denmark, and has over 29,000 employees worldwide. Pandora is known for its customizable charm bracelets, which have become a popular fashion accessory around the world.

Pandora has a strong commitment to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and become more energy-efficient. In 2020, Pandora announced that it had achieved carbon neutrality for its own operations, including its offices, stores, and factories. The company achieved this by reducing its energy consumption, switching to renewable energy sources, and offsetting any remaining emissions through verified carbon credits.

One of the key ways that Pandora has reduced its carbon footprint is through the use of renewable energy. The company has invested in renewable energy projects, including wind and solar, to power its operations. In 2020, Pandora signed a corporate power purchase agreement (PPA) with a wind farm in Spain, which will provide the company with renewable energy for its operations in Europe. The PPA will help Pandora to reduce its carbon footprint and support the development of new renewable energy projects.

Pandora has also implemented a number of energy-saving measures in its stores and factories. The company has installed LED lighting, energy-efficient heating and cooling systems, and smart building automation systems to reduce its energy consumption. Pandora has also implemented a recycling program to reduce waste and promote circularity.

In addition to its own operations, Pandora is also working to reduce its carbon footprint across its supply chain. The company has set targets to reduce the environmental impact of its products, including reducing the carbon footprint of its packaging and sourcing more sustainable materials. Pandora has also joined the Science-Based Targets initiative, which aims to help companies set science-based targets to reduce their greenhouse gas emissions.

Pandora's commitment to sustainability has been recognized by a number of organizations. In 2020, the company was included in the Dow Jones Sustainability Index for the fourth consecutive year. The index recognizes companies that demonstrate leadership in sustainability and environmental, social, and governance (ESG) performance.

Overall, Pandora is a company that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and become more energy-efficient, and has implemented a number of measures to achieve these goals. By investing in renewable energy, implementing energy-saving measures, and promoting circularity, Pandora is leading the way in sustainable business practices.

✓ Science Based Targets member
✓ Declared Net Zero commitment