Net-Zero Target Chanel commits to reach net-zero greenhouse gas emissions across the value chain by 2040. Near-Term Targets Energy & Industry: Chanel commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2021 base year.* Chanel also commits to reduce absolute scope 3 GHG emissions 42% within the same timeframe. *The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks. FLAG: Chanel commits to reduce absolute scope 3 FLAG GHG emissions 30.3% by 2030 from a 2021 base year.* Chanel commits to no deforestation across its primary deforestation-linked commodities with a target date of 2025. *The target includes FLAG emissions and removals. Long-term targets Energy & Industry: Chanel commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2040 from a 2021 base year.* Chanel also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. *The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks. FLAG: Chanel commits to reduce absolute scope 3 FLAG GHG emissions 72% by 2040 from a 2021 base year.* *The target includes FLAG emissions and removals.