Apex Footwear Ltd.
Climate Impact & Sustainability Data (2021-22)
Reporting Period: 2021-22
Environmental Metrics
Waste Generated:451 tons of recycled TPR, EVA and PVC
Carbon Intensity:Reduced by 9% per pair from FY/20-21 to FY/21-22
ESG Focus Areas
- Environmental Sustainability
- People & Community Engagement
- Product and Supply Chain
Environmental Achievements
- Reduced CO2e emission by 6% from the previous year
- Saved 1594 m3 of water
- Used 49.64 tons of recycled TPR
- 96% of leather sourced from LWG rated tanneries
- 14.01% of packaging solutions achieved FSC certification
Social Achievements
- 40% female employment in 2022
- Conducted 20,686 man-hours of training and education
- Supported community through various initiatives (tree plantation, footwear donation, health awareness campaigns)
- Established grievance procedure
Governance Achievements
- BSEC's Corporate Governance Code Compliance Certificate FY-2021-2022
- Established Audit Committee and Nomination & Remuneration Committee
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality by 2050
Medium-term Goals:
- Reduce energy consumption by 15% annually and decrease CO2e emissions by 65% by 2027
Short-term Goals:
- Reduce water consumption by 5% by 2023
- Increase recycled TPR usage to 15% by 2025
- Increase FSC certified packaging to 25% by 2025
Environmental Challenges
- Reducing energy consumption and CO2e emissions
- Improving traceability of leather
- Increasing the use of recycled materials
- Ensuring 100% FSC packaging solution
Mitigation Strategies
- -65% CO2 reduction plan by 2027
- Improving traceability to 100% by 2024
- Increasing recycled TPR usage to 15% by 2025
- Increasing FSC certified packaging to 25% by 2025
Supply Chain Management
Supplier Audits: 50% of leather suppliers audited in 2021-22; aiming for 100% coverage by 2025
Responsible Procurement
- Responsible sourcing of materials from environmentally compliant sources; prioritizing LWG-certified tanneries; using recycled materials in packaging; transitioning to FSC-certified packaging solutions.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001:2015, WRAP Gold, LWG Gold, BSCI, SEDEX, GSV, LEED Gold
UN Sustainable Development Goals
- 3.9
- 5.5
- 6.3
- 6.4
- 7.2
- 8.2
- 8.4
- 8.5
- 9.2
- 9.4
- 9.5
- 10.2
- 10.3
- 10.4
- 12.2
- 12.4
- 12.5
- 12.6
- 13.2
- 14.1
- 15.1
- 16.3
- 16.5
- 17.14
- 17.15
- 17.17
Apex's commitment to the SDGs is evident throughout its entire value chain, from sourcing materials to delivering the final product to customers. The company keeps the SDGs in mind whilst designing its production process and workflow.
Sustainable Products & Innovation
- Sneakers made from recycled PET bottles
- Flip-flops made from recycled EVA material
Awards & Recognition
- Green Factory Award 2020
- Macy’s 5 Star Award for 06 consecutive years
- Occupational Health & Safety Award