Climate Change Data

MAVİ GİYİM SANAYİ VE TİCARET A.Ş.

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:2078 tCO2e/year
Scope 1 Emissions:2004.51 tCO2e/year
Scope 2 Emissions:73.5 tCO2e/year
Scope 3 Emissions:182267.82 tCO2e/year
Renewable Energy Share:97%
Total Energy Consumption:16642.31 MWh/year
Carbon Intensity:0.08 tCO2e per TRY of revenue

ESG Focus Areas

  • Climate Change
  • Forests
  • Water
  • Biodiversity

Environmental Achievements

  • Reduced Scope 1 and 2 GHG emissions by 71% compared to 2019 baseline.
  • Achieved an 87% reduction in Scope 3 GHG emissions per TRY of added value.
  • Procured 97% of electricity from renewable resources.
  • 65% of timber-based product use and 86% of packaging use was FSC-certified.

Social Achievements

  • Launched the All Blue sustainable collection, increasing its share in total turnover from 14% to 25%.

Governance Achievements

  • Integrated materiality assessment into the Enterprise Risk Management process.
  • Established a Sustainability Committee with high-level executives.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2040.
Medium-term Goals:
  • Reduce Scope 1 and 2 GHG emissions by 70% by 2030 from 2019 baseline.
  • Reduce Scope 3 GHG emissions from purchased goods and services by 55% per TRY added value by 2030.
  • Procure 100% renewable electricity for Mavi operations by 2030.
Short-term Goals:
  • Conduct environmental audits of all critical suppliers and wet process sub-manufacturers by 2025.
  • Convert all paper-based packaging to FSC-certified versions by 2025.

Environmental Challenges

  • Water stress in the Meriç-Ergene River Basin, impacting denim production.
  • Reputational risks related to deforestation and inadequate responses to forest-related issues.
  • Difficulty in allocating emissions to different customers due to diverse product lines.
Mitigation Strategies
  • Conducting environmental audits of critical suppliers and wet process sub-manufacturers.
  • Transitioning to FSC-certified packaging materials.
  • Developing a raw material purchasing scenario to increase the use of lower-impact materials.

Supply Chain Management

Supplier Audits: 100% of main suppliers and sub-suppliers with wet processes in 2023

Responsible Procurement
  • Compliance with legal regulations and environmental certifications.
  • Transitioning to suppliers that align with Mavi's environmental standards.
  • Increasing the use of lower-impact materials.

Climate-Related Risks & Opportunities

Physical Risks
  • Water stress
Transition Risks
  • Changing customer behavior
Opportunities
  • Increased sales of existing products and services (All Blue collection).

Reporting Standards

Frameworks Used: GRI, SBTi

Certifications: ISO 14001

Third-party Assurance: Third-party limited assurance

UN Sustainable Development Goals

  • Goal 6 (Clean Water and Sanitation)
  • Goal 13 (Climate Action)

Initiatives such as the All Blue collection, renewable energy procurement, and water risk assessments contribute to these goals.

Sustainable Products & Innovation

  • All Blue collection

Awards & Recognition

  • Best Sustainable Collection at the Rivet x Project Awards (five times)