Puma pledges 35% reduction in carbon emissions by 2030

The science-based target will ensure the company’s goals are aligned with the Paris Agreement, which aims to limit global warming to well-below 2°C above pre-industrial levels.Puma has committed to reducing emissions from owned and operated facilities (Scope 1 and 2) by 35% by 2030 compared to 2017, the company said. Between 2017 and 2030, the company will also aim to reduce its Scope 3 emissions (coming from purchased goods and services) by 60% per million euros in sales.

“Recent scientific reports have highlighted the need for urgent action, as global warming is happening at a faster pace than previously anticipated. That is why Puma wants to be a part of the solution by setting a bold path towards reducing greenhouse gas emissions,” said Stefan Seidel, head of corporate sustainability at Puma.As part of its commitment to sustainability, the sportswear manufacturer is playing an important role in the development of the ‘Fashion Industry Charter for Climate Action’, which was presented at the UN Climate Change Conference in Poland in 2018.“We know that the fashion industry has a significant impact on the environment, but rapid growth in global apparel and footwear production shows no signs of slowing,” said Cynthia Cummis, director of private sector climate mitigation at World Resources Institute (WRI). “We need more companies in the industry to follow Puma’s lead and pursue comprehensive strategies to decarbonise and do their part to prevent catastrophic climate change.”On 25 Jun, the SBTi released new guidance to provide clarity on measuring and reducing value chain emissions in the apparel and footwear sector. The organisation provides expert guidance and promotes best practice in science-based target setting.In the past few days, other companies including C&A, Tchibo and Lenzing Group have announced plans to reduce CO2 emissions.

Related Posts

Demand for gold plunges after Trump win

After a “really good” first quarter of 2016 for gold demand, the first three months of this year was “not a strong quarter”, World Gold Council director…

Coats launches software division for the fashion industry

The industrial thread manufacturer, whose clients include Nike, H&M Group, Under Armour and Gap, said the new business unit called Coats Digital will encompass multiple software brands…

Online revolution- 95% of Brits have shopped online in past six months, survey finds

According to research conducted by and business process outsourcing expert Webhelp, only 5% of UK shoppers said they hadn’t bought anything online in the last six months, and…

Puma is ‘most sustainable fashion brand’ using this surprising measure

And it has concluded that Puma is the most sustainable on this measure, followed by The North Face and Tommy Hilfiger.For its fashion Energy Report, Utility Bidder…

Middle East luxury market to double in size by 2030, says BCG

 Other studies seem to confirm these expectations. A report recently published by Altagamma, summarising the opinions of about 20 analysts, has for example revised the association’s forecasts…

UK BNPL crackdown gets closer, Millennials and Gen Z are key BNPL debtors

It means lenders will need to undertake more robust affordability checks on borrowers and offer clearer information, only issuing credit that’s “genuinely affordable”.And financial watchdogs will have the…