Burberry Pushes Net Zero Target Back a Decade as Luxury Sector Cools on Climate Pledges

Iconic fashion firm delays Net Zero target by decade amid huge scale back of climate ambitions

Burberry has delayed its Net Zero emissions target by 10 years after the luxury fashion brand revised its climate commitments in its latest annual report.The Ftse 100 company confirmed it now expects to achieve Net Zero emissions by "no later" than the 2049/50 financial year.The British fashion house had previously pledged to reach the target during the 2039-40 financial year.Burberry said the revised timetable reflected a "pragmatic response to…

Burberry Delays Net Zero Emissions Target by 10 Years to 2050

Burberry Group Plc postponed its goal of cutting emissions to net zero by a decade to 2050, in a setback for the British luxury brand’s bid to become an industry leader in sustainability.

Burberry: higher bonuses, climate neutral in ten years - RetailDetail EU

Burberry is revising the bonus plan for CEO Joshua Schulman: the CEO can now earn up to £12.2 million (€14.4 million). At the same time, the British luxury retailer is scaling back its climate goals.

Burberry pushes net zero target back a decade as luxury sector cools on climate pledges

Burberry has quietly knocked a decade off the urgency of its climate plan, becoming the latest FTSE 100 heavyweight to soften the green pledges that defined corporate Britain at the start of the decade. In its 2025-26 annual report, the trench coat maker confirmed it now expects to hit net zero emissions “no later than” the 2049-50 financial year, a full ten years later than the 2039-40 deadline it set with great fanfare in 2021. Back then, the …

Burberry boss could earn up to £12.2m as brand pushes back climate targets

Burberry chief executive Joshua Schulman could earn up to £12.2m under a new bonus scheme, as the luxury fashion retailer also scaled back its climate ambitions. Schulman, who joined the British brand in July 2024 from US fashion label Coach, was paid £4m in the year to March. This included £1.2m in basic pay, a £2.3m annual cash bonus and £299,000 in relocation support following his move from New York. The package was up from £2.5m for his firs…

Burberry delays climate pledge by decade

Burberry has pushed back its net zero target by a decade, becoming the latest blue-chip business to water down ambitious climate goals set in the wake of the coronavirus pandemic, City AM can reveal. The high-end fashion firm, known for its trench coats and tartan scarves, made the decision to delay its target to become ‘climate positive’ from 2040 to 2050 after reassessing the business case for its previous goal, it said in its annual report. “…