A.S. Watson Holdings Limited is a Hong Kong-based retail and beauty group that operates in the Pharmacies & Drug Stores sector. The company was founded in 1828 and has since grown to become the world's largest health and beauty retailer. With over 15,700 stores in 25 markets worldwide, A.S. Watson Holdings Limited has a global presence and a strong commitment to sustainability.
As the world becomes more aware of the impact of climate change, companies are increasingly looking for ways to reduce their carbon footprint. A.S. Watson Holdings Limited is no exception, and the company has made a commitment to decarbonisation. This means reducing the amount of carbon dioxide and other greenhouse gases that are released into the atmosphere. One way the company is doing this is by investing in renewable energy.
Corporate energy is a term used to describe the energy used by a company to power its operations. A.S. Watson Holdings Limited is committed to reducing its corporate energy consumption and has set a target to reduce its carbon emissions by 30% by 2025. To achieve this goal, the company is investing in energy-efficient technologies and renewable energy sources.
One way A.S. Watson Holdings Limited is investing in renewable energy is through corporate power purchase agreements (PPAs). A PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period of time. By entering into a PPA, A.S. Watson Holdings Limited is able to secure a reliable source of renewable energy and reduce its reliance on fossil fuels.
In 2019, A.S. Watson Holdings Limited signed a PPA with a wind farm in the Netherlands. The wind farm will provide the company with 22 GWh of renewable energy each year, which is enough to power over 6,000 homes. By purchasing renewable energy through a PPA, A.S. Watson Holdings Limited is able to reduce its carbon emissions and support the growth of renewable energy.
In addition to investing in renewable energy, A.S. Watson Holdings Limited is also working to reduce its energy consumption. The company has implemented energy-efficient technologies in its stores and warehouses, such as LED lighting and smart heating and cooling systems. These technologies not only reduce energy consumption but also save the company money on energy bills.
A.S. Watson Holdings Limited is also committed to reducing waste and increasing recycling. The company has implemented a number of initiatives to reduce the amount of waste it produces, such as using reusable shopping bags and reducing packaging. The company also has a recycling program in place, which encourages customers and employees to recycle materials such as plastic, paper, and glass.
In addition to its sustainability initiatives, A.S. Watson Holdings Limited is also committed to social responsibility. The company has a number of programs in place to support local communities, such as providing free health checks and donating to local charities. The company also has a program to support small businesses, which provides training and support to help small businesses grow and succeed.
In conclusion, A.S. Watson Holdings Limited is a Hong Kong-based retail and beauty group that operates in the Pharmacies & Drug Stores sector. The company is committed to sustainability and has made a number of investments in renewable energy and energy-efficient technologies. By reducing its carbon footprint and supporting local communities, A.S. Watson Holdings Limited is setting an example for other companies to follow.