27 Our industry produces 10% of the worlds carbon emissions* and the sixth report from the Intergovernmental Panel on Climate Change warns that an increase of 1.5C can have catastrophic climate consequences. We recognise that businesses have a crucial role in reducing the impact of climate change. As part of our 100-1-0 positive business goals, we aim to become a net zero business by 2032. Weve joined the Science Based Targets initiative (SBTi) and are currently working to verify our emissions targets. This will validate our transition plans to net zero and provide a clear roadmap to reduce our impact in line with the Paris Agreement goals. Were also making significant investments in tools to support carbon data mapping and tracking in 2023. Were working on reducing our emissions in several ways, including shifting to less impactful packaging, choosing materials and innovating products with lower impact, and trialling circularity solutions, which are detailed in the following pages. We use the SBTI definition of net zero, which is balancing the amount of greenhouse gas emissions produced against whats removed to reach zero. *World Economic Forum Net zero