MillerKnoll Achieves SBTi Validation for Near-Term Carbon Reduction Targets

Rhea-AI Summary

MillerKnoll (MLKN) has received validation from the Science Based Targets initiative (SBTi) for its near-term emissions reduction targets. The company commits to:

• Reduce absolute scope 1 and 2 GHG emissions by 50% by FY2030 from FY2022 baseline
• Increase renewable electricity sourcing from 38.3% to 100% by FY2030
• Cut scope 3 GHG emissions from purchased goods, operational waste, and product end-of-life by 25% by FY2030

This validation follows MillerKnoll's new sustainability strategy announcement, reinforcing its commitment to environmental stewardship and sustainable design practices.

Positive

• SBTi validation enhances corporate environmental credibility
• Clear commitment to 100% renewable electricity by FY2030
• Comprehensive emissions reduction strategy across all scopes

Negative

• Significant capital investment likely needed to achieve targets
• Long implementation timeline until FY2030
• Only 38.3% current renewable electricity usage

ZEELAND, Mich., Feb. 27, 2025 /PRNewswire/ -- MillerKnoll, a collective of dynamic design brands, has received approval from the Science Based Targets initiative (SBTi) for its near-term science-based emissions reduction targets covering its global activities.

SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating climate change. They develop standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement.  

"Validating our near-term carbon reduction targets with SBTi is a critical milestone in staying at the forefront of our customers' expectations for climate action," said Gabe Wing, Vice President of Sustainability at MillerKnoll. "By aligning with the latest climate science and global standards, we're ensuring our efforts to enhance the sustainability of our products, spaces, and processes, are credible and impactful." 

MillerKnoll's near-term science-based targets as validated by SBTi: 

MillerKnoll commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2022 baseline year. MillerKnoll also commits to increase active annual sourcing of renewable electricity from 38.3% in FY2022 to 100% by FY2030. MillerKnoll further commits to reduce absolute scope 3 GHG emissions from purchased goods and services, waste generated in operations and end-of-life treatment of sold products 25% within the same timeframe. 

This achievement, which comes on the heels of MillerKnoll announcing its new sustainability strategy, builds upon the company's history of environmental stewardship and underscores its ongoing commitment to design for the good of humankind. 

For more information about MillerKnoll's commitment to sustainability, please visit millerknoll.com/environmental-social-impact/sustainability. 

About SBTi 

The SBTi defines and promotes best practice in science-based target setting and independently assesses companies' targets. The SBTi is incorporated as a charity, with a subsidiary which will host the target validation services. Their partners are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). To learn more, visit www.sciencebasedtargets.org. 

About MillerKnoll

MillerKnoll is a collective of dynamic brands that comes together to design the world we live in. The MillerKnoll brand portfolio includes Herman Miller, Knoll, Colebrook Bosson Saunders, DatesWeiser, Design Within Reach, Edelman, Geiger, HAY, HOLLY HUNT, Knoll Textiles, Maharam, Muuto, NaughtOne, and Spinneybeck|FilzFelt. MillerKnoll is an unparalleled platform that redefines modern for the 21st century by building a more sustainable, equitable, and beautiful future for all.    

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SOURCE MillerKnoll

FAQ

What are MillerKnoll's (MLKN) specific emission reduction targets for 2030?

MillerKnoll aims to reduce scope 1 and 2 GHG emissions by 50%, increase renewable electricity use to 100%, and cut scope 3 emissions by 25% by FY2030 from FY2022 baseline.

What is MLKN's current renewable electricity usage and target for 2030?

MillerKnoll currently sources 38.3% renewable electricity (FY2022) and targets 100% renewable electricity sourcing by FY2030.

How will MLKN reduce its scope 3 emissions by 2030?

MillerKnoll will reduce scope 3 emissions by 25% through improvements in purchased goods and services, waste management, and end-of-life treatment of products.

What environmental certification did MillerKnoll (MLKN) receive in February 2025?

MillerKnoll received Science Based Targets initiative (SBTi) validation for its near-term carbon reduction targets.