Airesis SA
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Responsible consumption
- Respect for the environment
- Local production
- Sustainable and inclusive sport
Environmental Achievements
- Relocated textile production mainly to France, allowing faster stock renewal and strengthening the "local" label.
- Remodeled footwear production to approach the textile production model, optimizing stock management.
Social Achievements
- Opened a second Le Coq Sportif store in Lausanne, managed by a cooperative that helps young adults with professional integration.
- Le Coq Sportif became the official kit supplier for Lausanne Sport and Cameroon's national football teams.
Governance Achievements
- All items proposed at the 2019 Annual General Meeting were accepted.
- Airesis' statutory balance sheet structure remains stable and free of direct bank financing.
Climate Goals & Targets
Medium-term Goals:
- Le Coq Sportif: International development and creation of a "performance" range.
Short-term Goals:
- Movement: Strengthen profitability and margin.
Environmental Challenges
- Rising cost of raw materials for Movement.
- Initial spring/summer 19 footwear collection did not meet expectations.
- December strikes negatively impacted Le Coq Sportif's growth.
Mitigation Strategies
- Movement's product range was redesigned and its brand portfolio reduced.
- Le Coq Sportif quickly replaced unsuccessful footwear models, leading to double-digit growth.
- Le Coq Sportif accepted the takeover of many products and re-sold them to discounters, normalizing year-end inventory.
Supply Chain Management
Responsible Procurement
- Relocation of textile production to France.
- Inclusion of Portugal in the footwear supply chain.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS