All Science Based Targets Initiative articles
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ArticleSidi Sport joins Science Based Targets initiative
Italian company Sidi Sport, specializing in footwear and other apparel for cyclists and motorcyclists, has joined the Science Based Targets initiative (SBTi). SBTi was founded in 2014 as a collaboration between some of the leading international organizations and associations for climate protection, including the United Nations Global Compact and the ...
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ArticleDecathlon Germany launches bike leasing with JobRad
From April 3, 2024, employees of over 70,000 companies across Germany who cooperate with JobRad will be able to lease bicycles from Decathlon Germany starting from a total leasing value of €750, as well as all Decathlon e-bikes. Leasable accessories include lighting, mudguards, bicycle bells, and even child seats. After ...
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ArticleThule’s sustainability targets confirmed
The Science Based Targets initiative (SBTi) promotes ambitious climate protection measures in the private sector by allowing companies to set science-based targets for reducing greenhouse gas emissions. Thule Group’s targets for Net-zero have now been approved by the organization. This is an important endorsement of the company’s sustainability ambitions. In ...
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ArticleSBTi gains charitable status in UK, doubles corporate climate validations and ramps up pace
The number of companies and financial institutions setting greenhouse gas reduction targets and having them validated by the Science Based Targets Initiative (SBTi) has doubled to 4,204 in 2023 (2022: 2,079). This extraordinary demand for corporate decarbonization standards and target validation services has prompted a major scale-up effort to rapidly ...
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ArticleDevold commits to SBTi
The Norwegian brand Devold has recently committed to setting its climate targets in line with the Science Based Targets Initiative (SBTi). This important commitment is the result of an internal decision to halve the company’s greenhouse gas emissions by 2030 and reduce them to zero by 2050. The SBTi supports ...
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ArticleSBTi report: 87% more companies set science-based goals in 2022
The Science Based Targets initiative (SBTi) reported a sharp rise in companies setting science-based targets in 2022, with 87 percent more having their targets validated (1,097), more than the entire previous seven years combined (1,082). In the SBTi Monitoring Report 2022, Japan emerged as a leader, with ...
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ArticleMips: Progressive supply chain strategy to reduce carbon emissions, new test facility in China
Mips, the Swedish helmet-based safety technology specialist, has unveiled its work on a holistic strategy that includes a model to determine and address carbon emissions generated during product development. This represents an opportunity for the company to better address its environmental impact. Because Mips outsources the manufacturing of its products, ...
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News briefsAlpkit publishes sustainability report 2022
Source: Alpkit U.K. brand Alpkit has published its sustainability report 2022, an illustrated book that is mainly consumer-facing and aims for an understandable overview of the company’s sustainability journey, although following the GRI reporting standards more closely than before. In the compact report, the certified B Corp ...
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News briefsSAC decarbonization program evolves: New decarbonization guide published
The Sustainable Apparel Coalition (SAC) has launched a new decarbonization guide (ready for download here) that aims to support the textile and apparel industry in committing to and delivering validated science-based targets (SBTs). The new guide is part of the SAC’s decarbonization program, launched last year, to drive SBT adoption ...
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News briefs
VF issues €500m green bond to support sustainability strategy
VF Corporation, whose brands include The North Face, Timberland and Napapijri, announced the closing of a €500 million green bond issuance, the second since its inception in 2020. An amount equal to the net proceeds from the emission will be used to support programs under the company’s sustainability and stewardship ...
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News briefsSBTi webinar provides info on FLAG target setting
The Forest, Land and Agriculture Guidance (FLAG) introduced by the Science Based Targets initiative (SBTi) at the end of 2022 (as reported in OIC) provides a standard method to set science-based targets that include land-based emission reductions and removals (relevant also for the production of wood-based cellulosic fibers). According to ...
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ArticleREI updates product standards for its vendors, addresses climate change, bans PFAS and more
U.S. outdoor retailer REI Co-op has released its latest Product Impact Standards report to promote more sustainable and inclusive business practices. The report is the third since 2018, and the latest guidelines were developed in consultation with partner brands, building on three key areas: Addressing climate change, promoting inclusion in ...
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News briefsThule Group tightens climate targets
The Thule Group has set net-zero targets for 2050, extending its climate strategy set up already in 2020, when the company applied for formal review and approval by the Science Based Targets initiative (SBTi). According to the company, the group commits to reducing its overall greenhouse gas emissions by at ...
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ArticleSBTi verifies Vaude’s climate targets to be aligned with Paris Agreement
Vaude, the German company that has been climate-neutral by compensation since the beginning of 2022, has now published an update on its climate targets. The climate roadmap has been submitted to the Science Based Targets initiative (SBTi) and reviewed for compatibility under the 1.5-degree target. Three specific targets from the ...
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News briefsORCC announces integration into the European Outdoor Group, publishes first annual report
The Outdoor Retailer Climate Commitment (ORCC), a network of European outdoor retailers engaging in climate protection in the outdoor industry, will be integrated into the European Outdoor Group (EOG) as a working group. With more than 100 members from the entire value chain of the outdoor industry, EOG is the ...
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ArticleThe Lycra Company updates 2030 sustainability goals in first Planet Agenda update
In 2008, The Lycra Company (Lycra) established a sustainability plan that encompasses the three pillars of corporate responsibility, product sustainability and manufacturing excellence. For each of these areas, the company has now summarized its performance through 2021 and updated its goals. Both are published in Lycra’s first ...
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News briefsSBTi launches first standard method for land-related emissions and removals
The Science Based Targets initiative (SBTi) has launched its first Forest, Land and Agriculture Guidance (FLAG), to provide companies with a standard method to set science-based targets that include land-based emission reductions and removals (relevant also for the production of wood-based cellulosic fibers). The FLAG Science-Based Target Setting Guidance seeks ...
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News briefsPeak Performance sustainability report 2021 published
The Amer Sports brand Peak Performance has published its sustainability report 2021. The comprehensive paper highlights the main actions taken during the year and delivers a full list of Tier 1 and 2 suppliers and material info. Besides the successes made, the long-term circularity goals are defined for product longevity, ...
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News briefsKids’ bike brand Woom defines company sustainability goals
Woom bikes, an Austrian specialist for kid’s bikes, has set and published its new sustainability goals. By 2030, Woom aims to reduce emissions of climate-damaging substances (including all direct emissions and energy consumption at company sites) by 42 percent. This reduction target has been recognized by the Science Based Targets ...
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ArticleMips reports outstanding start into 2022
In the first quarter of fiscal 2022, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB reported preliminary net sales of SEK 137 million (€13.22 million), an increase of 65.1 percent year-on-year. Organic growth amounted to 48 percent during the quarter. It is mainly based on the success ...
