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Carbon Barrier Helps SKP, the Global Store King, Achieve Carbon Neutrality, Becoming China's First Carbon Neutral Retail Mall

Carbon Barrier Helps SKP, the Global Store King, Achieve Carbon Neutrality, Becoming China's First Carbon Neutral Retail Mall

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Recently, Carbonstop completed the carbon accounting and implementation of carbon neutrality for SKP, a top-tier fashion shopping center, issuing a carbon neutrality certificate to it. Thus, China's first "carbon-neutral mall" was born.

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Upon release of this news, it garnered significant attention across various sectors, with dozens of mainstream media outlets vying to report on it, spreading the message across the entire network.

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The peak carbon emissions and carbon neutrality have become global consensus, and China has made the solemn commitment and overall deployment of "3060." Achieving peak carbon emissions and carbon neutrality undoubtedly represents a broad and profound systemic transformation and historical responsibility.

SKP, which has topped the sales charts for eight consecutive years among mainland Chinese malls, achieved a record-breaking annual sales volume of 17.7 billion yuan in 2020, surpassing Harrods in the UK for the first time and making a graceful transition from "China's King of Stores" to "Global King of Stores."

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After this transformation, SKP began to realize the necessity of industry carbon reduction and achieving carbon neutrality, thus embarking on an active exploration of new models for low-carbon development in the industry. SKP understands that achieving peak carbon emissions and carbon neutrality is a complex systemic project, and only by actively fulfilling corporate social responsibility, collaborating with many partners, and fully implementing the requirements and goals of the "Dual Carbon," can we effectively address the crises and challenges posed by climate change.


How did Carbonstop help SKP achieve carbon neutrality and provide strong impetus for exploring green and low-carbon development in the retail industry?

As early as June this year, SKP signed a strategic cooperation agreement with Carbonstop. Based on the pioneering "CREOS" carbon neutrality pathway and leveraging its carbon management SaaS platform, Carbonstop conducted carbon emission accounting for SKP and provided a carbon neutrality path planning solution, ultimately helping SKP achieve carbon neutrality and lead the new model of green and low-carbon development in the retail industry.


The "CREOS" Carbon Neutrality Pathway:

Calculating: First, understand your carbon footprint. By establishing a professional team and utilizing good tools, improve your carbon emission data management level, calculate your carbon emissions clearly, understand your core carbon reduction links and spaces;

Reducing: Combine with the business model of your industry, find technical solutions with significant or great potential for emission reduction, enabling you to take the initiative in the large industry track of carbon neutrality;

Engaging: Besides your own emission reduction, if possible, engage stakeholders in emission reduction actions together, which is the true ultimate goal of carbon neutrality for most industries;

Offsetting: Unavoidable emissions should be offset through high-quality emission reduction projects or carbon sink projects;

Spreading: Since carbon neutrality has become a certain trend, it's better to act early, speak up early, seize the best opportunity for communication and brand influence.


Creating a One-Stop Carbon Neutrality Solution from Business Scenarios

No quantification, no management; no management, no carbon neutrality. Under this philosophy, Carbonstop helps SKP achieve the quantification of carbon emissions with professional and rigorous calculation methods.

Meanwhile, based on insights into the business scenarios of enterprises, Carbonstop also provides scenario-centered emission reduction planning for SKP. Targeting office scenarios, business travel and commuting scenarios, dining scenarios, and new construction projects, Carbonstop has formulated a series of emission reduction plans and strategies, integrating low-carbon practices into the company culture. With the help of Carbonstop, SKP has gradually explored a new model of carbon neutrality suitable for the retail industry that fits its unique characteristics.


Engaging Partners to Act Together, Creating a Green and Low-Carbon Future

Leveraging its substantial economic volume (market share) and rapid development speed in physical retail, as well as its significant influence in the fashion industry, SKP has increasingly conveyed more green and low-carbon intentions to brand partners.

While achieving its own carbon neutrality goals, SKP is also actively exploring and absorbing more excellent partners who are making proactive explorations in the field of peak carbon emissions and carbon neutrality. Through win-win methods, it continuously improves the overall progress of green and low-carbon practices among numerous partners, providing strong momentum for achieving the dual carbon goals and global climate governance. This aligns perfectly with the "Engaging" aspect of Carbonstop's proposed "CREOS."

In the future, SKP will further incorporate peak carbon emissions and carbon neutrality into the company's overall strategy, pursuing a high-quality development path prioritizing ecology and green, low-carbon practices. It will continue to lead the global fashion and retail industry steadily forward, actively exploring low-carbon practices while fulfilling corporate social responsibilities and encouraging more partners to accelerate their steps toward carbon neutrality.


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SKP marks an important milestone for Carbonstop in the physical retail industry. Carbonstop will continue to provide cutting-edge carbon management solutions for the retail industry, driving the exploration of low-carbon practices in the global fashion and retail industry and actively promoting the timely realization of peak carbon emissions and carbon neutrality goals.

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