Climate Change Data

Original BUFF, S.A.

Climate Impact & Sustainability Data (2022-05 to 2023-04)

Reporting Period: 2022-05 to 2023-04

Environmental Metrics

Total Carbon Emissions:116.09 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:96.20 tCO2e/year
Scope 2 Emissions:19.89 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:95%
Total Energy Consumption:1,395,829 Kwh/year
Water Consumption:3,759.29 m3/year
Waste Generated:Not disclosed
Carbon Intensity:9.94 tCO2e per €1 million sales (2022/23)

ESG Focus Areas

  • Recycled and sustainable materials
  • Climate change and carbon neutrality
  • Circularity
  • Nature protection
  • Equality, inclusion and fair remuneration
  • Employee well-being

Environmental Achievements

  • Achieved carbon neutrality in own operations (Scopes 1 and 2) in 2022/2023.
  • 29% of electricity in HQ self-generated in 2022/23 through solar panels.
  • 80% of sales in 2022/23 came from more responsible materials (85%+ recycled and natural materials).
  • Recycled over 41 million plastic bottles by the end of 2022 to make products.

Social Achievements

  • Officially joined the B Corp Community in November 2022.
  • Launched BUFF® Garment Making School to train young professionals in garment making.
  • Implemented Personio for efficient People processes, improving employee experience.
  • Distributed 4% of consolidated net profits of FY 2021/22 among the entire BUFF® team in equal shares.

Governance Achievements

  • Created an in-house Sustainability team in June 2022.
  • Developed a Strategic Sustainability Plan outlining a path to 2035.
  • Implemented several policies (Climate Change, Global Mobility, Procurement, Ethical Marketing, Professional Development, Global Logistics, Customer Satisfaction, Warranty and Returns, Purpose Activation, Remuneration).

Climate Goals & Targets

Long-term Goals:
  • Regenerating the environment and key communities by 2035.
Medium-term Goals:
  • Achieve global carbon neutrality (Scopes 1 and 2) by 2030.
  • Increase percentage of BUFF® products with 85%+ recycled materials or natural materials by 2030.
Short-term Goals:
  • Consolidate Sustainability Strategic Plan and action short-term actions (2023/24).

Environmental Challenges

  • Sales growth recovery hampered by above-normal inventory levels in key markets.
  • High inflation impacting purchasing power and retail sector recovery.
  • High inventory levels remaining in shops.
  • Scope 3 emissions calculation not completed in 2022/23.
Mitigation Strategies
  • Adjusted plans to maintain turnover at €47.8M.
  • Acquired distribution in France and Italy for direct operation.
  • Moved production of several cap styles from Asia to Barcelona, expanding the factory and training employees.
  • Working to resume Scope 3 emissions calculation in the next year.

Supply Chain Management

Supplier Audits: Annual supplier evaluation including environmental, social, and quality variables; onsite audits.

Responsible Procurement
  • BUFF® Supplier Code requiring respect for human rights, applicable regulations, freedom of association, and environmental respect.
  • ESG criteria included in supplier selection processes.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, NFRD, EU Taxonomy

Certifications: ISO 9001, ISO 14001, B Corp, OEKO-TEX® Standard 100

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Merino Move neckwear and beanie
  • Merino Wide headband
  • Polar Bio (100% recycled biodegradable synthetic fiber)

Awards & Recognition

  • B Corp Certification