- Changes in customer behaviours following the pandemic
- Higher interest rates, inflationary pressures and a broader economic slowdown on the Chinese mainland
- Intense competition and weakening consumer sentiment caused by rising cost of living pressures
- Reduced home renovation and furniture demand due to a softening in property market sentiment
- Increased levels of outbound travel impacting shopping behaviour
- High interest rates, inflationary and wage pressures and uncertainty as to the impact these factors will have on consumer sentiment
- Physical risks from severe weather conditions (typhoons, flooding, extreme heat)
- Transition risks from regulatory compliance, low-carbon technologies, carbon pricing, energy prices, and consumer preference changes
- Reputational risks from investor and consumer expectations regarding climate change
DFI Retail Group Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, DFI Retail Group Holdings Limited disclosed greenhouse gas emissions of 577 kt CO2e/year (Scope 1 & 2). By scope: Scope 1: 236 kt CO2e/year; Scope 2: 341 kt CO2e/year; Scope 3: 3.3K kt CO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
577 kt CO2e/year (Scope 1 & 2)
2023
Water Usage
2.2K million litres/year
2023
Waste
68.0K tonnes/year
2023
Energy Use
2.59 Million gigajoules/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 236 kt CO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 341 kt CO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.3K kt CO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 19% reduction in Scope 1 and 2 GHG emissions vs 2021 baseline
- 54% waste diversion rate in 2023, up from 51% in 2022
- 24% of Own Brand products in selected categories now have sustainability certifications, more than doubling the number from 2022
- Plastic bags and plastic wrap usage down 38% (compared with 2022)
- 57% of own brand products with plastic packaging are recyclable
🎯 Climate & Sustainability Targets
🔜 Short-term
- Accelerate decarbonisation across operations by 2025 (refrigerants, fleet electrification pilot, waste diversion)
📅 Medium-term
- 50% absolute Scope 1 and 2 emission reduction by 2030
- 25% Scope 3 emission reduction across targeted categories by 2030
- Fully electrify fleet in own operation by 2030
- Increase OB plastic packaging that is recyclable by 50% by 2030
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeWasteWaterPlasticSustainable ProductsCommunity Engagement and SupportHuman CapitalHealth, Safety and WellbeingSocial ComplianceProduct Safety and QualityEthics and Anti-corruptionData Privacy and CybersecurityTax Governance