What: The retail ecosystem—which brings together Falabella.com, Falabella Retail, Sodimac, Tottus, Banco Falabella and Mallplaza—will mitigate its greenhouse gas emissions, decarbonizing its operation to be Net Zero by 2035 in its scope 1 and 2 emissions.

Why it is important: The company will begin the project with an investment of more than USD 15 million in 2023 and, in the medium term, will reduce its emissions by 65% (vs 2021) by 2030. The changes will also imply new standards for stores, such as renewing refrigeration equipment, moving towards the use of LED lights, sourcing 65% of its electricity from renewable sources by 2030, electrifying equipment to avoid using fossil fuels in addition to improving how it monitors and controls lighting and air conditioning.

Falabella commits to being carbon neutral in 2035