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Climate Impact & Sustainability Data (July 2024)
Reporting Period: July 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Over 6.2 billion liters saved by Bluesign (2019-2023)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainability
- Circularity
- Automation
- Precision
- Energy
Environmental Achievements
- JAY Chemical commissions new specialty chemicals plant with high safety and environmental compliance standards.
- LYCRA advances decarbonization with SBTi approved targets: 50% reduction in Scope 1 & 2 GHG emissions and 25% reduction in Scope 3 emissions by 2030.
- Bluesign® saved over 6.2 billion liters of water and reduced carbon emissions by more than 3.2 billion kilograms from 2019 to 2023.
- Archroma secured Gold EcoVadis sustainability rating, placing it among the top 5% of over 130,000 companies assessed.
Social Achievements
- Better Cotton Conference 2024 focused on empowering farmers, improving livelihoods, and implementing impactful changes on the ground, emphasizing women's empowerment in agriculture.
- ESCP partners with OSH for enhanced transparency, adding data from nearly 700 ethically certified factories to the Open Supply Hub platform.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- China aims to achieve 50% of its electricity generation from non-fossil fuels by 2030.
- EU aims to achieve 40% of its electricity generation from renewable sources by 2030.
- India aims to achieve 50% of its electricity generation from non-fossil fuels by 2030.
Short-term Goals:
- LYCRA aims to reduce absolute Scope 1 and 2 GHG emissions by 50 percent by 2030 and cut Scope 3 GHG emissions by 25 percent by 2030.
- Archroma plans to reduce water intensity by 40%, energy intensity by 15%, and waste intensity by 10% by 2030, aiming for zero hazardous waste to landfill. They also aim to cut Scope 1 GHG emissions by 20% and Scope 2 emissions by 40% by 2030.
Environmental Challenges
- High initial costs of precision machinery, need for skilled operators, and integration of new technologies into existing systems.
- Lack of universal definition for textiles and scarcity of reliable data on collection rates and recycling outcomes in implementing EPR schemes.
- Intermittency of renewable energy sources, need for grid modernization, and high upfront costs of renewable energy projects.
- Ensuring energy access and affordability for all, particularly in developing countries.
Mitigation Strategies
- Nearshoring and automation in the European garment industry to improve efficiency, cost savings, and sustainability.
- Implementing EPR policies aligned with enhancing collection volumes, boosting reuse rates, increasing recycling rates, and decreasing waste volumes.
- Significant investments in renewable energy infrastructure, such as wind, solar, and hydropower.
- Government initiatives and targets for renewable energy adoption (e.g., China, EU, US, India).
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Collaboration with suppliers like Qore® to develop bio-derived LYCRA® fiber.
Climate-Related Risks & Opportunities
Physical Risks
- Heat stress on workers
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products and sustainable materials.
Reporting Standards
Frameworks Used: SBTi
Certifications: EcoVadis Gold
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- iActive sportswear (PolyU)
- Bio-derived LYCRA® fiber
- Craftevo's compostable polyester
Awards & Recognition
- Texprocess Innovation Award 2024 to JUKI for DDL-10000DX sewing machine
- Gold Medal at the 49th International Exhibition of Inventions Geneva for iActive sportswear