All Science Based Targets Initiative articles – Page 2
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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 ...
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News briefsBergfreunde reports 31 percent growth in 2021, turnover exceeds €200 million
German e-commerce specialist Bergfreunde has released its 2021 report, stating a record turnover of €203 million. Given the unbroken growth trend in 2022, Bergfreunde is investing in new employees and further expanding its customer support (which currently counts 60 people) and IT development team. In 2021 alone, the store IT ...
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ArticleOutdoor Retailer Climate Commitment grows by five new big members to 10 percent of outdoor retail market
Five more European outdoor retailers have joined the Outdoor Retailer Climate Commitment (ORCC), an open network of European outdoor retailers for more climate protection in the outdoor industry. With retail heavyweights Sporthaus Schuster, Sport Conrad, Engelhorn, Ellis Brigham Mountain Sports and Sport Pursuit, the network now unites around 10 percent ...
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ArticleVaude reaches climate neutrality with all its products globally
Managing director Antje von Dewitz had already announced it last fall: her outdoor company Vaude, which has been actively promoting climate protection for years, achieved the goal set in 2019 of becoming climate neutral with all products manufactured worldwide on Jan. 1, 2022. The company’s headquarters in Tettnang, Germany, (with ...
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News briefsReima commits to Science Based Targets initiative
Reima is the first Finnish apparel company to join the global Science Based Targets (SBTi) initiative. In accordance with the initiative, Reima will set emissions reduction targets that support the Paris Agreement’s goal of limiting global warming to 1.5 degrees. The targets apply to Reima’s own operations as well as ...
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ArticleSBTi launches new Net-Zero corporate standard
The Science Based Targets initiative (SBTi) has launched a new standard for companies to certify their net-zero targets. SBTi sees a lack in robust certification, while companies are currently self-defining net-zero targets without a credible and independent assessment of their ambition and integrity. The new SBTi Net-Zero ...
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ArticleSBTi approves eBay’s ambitious climate action goal
eBay Inc. continues its commitment to climate action by setting an ambitious greenhouse gas (GHG) target approved by the Science Based Targets initiative (SBTi). eBay commits to reduce its own (scope 1 and scope 2) emissions by 90 percent by 2030 from a 2019 base year, in line with limiting ...
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ArticleVaude plans to be globally climate neutral next year
Source: Vaude Antje von Dewitz at the global climate demo in Friedrichshafen, Germany, on Sept. 24, 2021 Following the alarming conclusion of scientists in the recently published report of the Intergovernmental Panel on Climate Change, which states that without immediate drastic action, the 1.5-degree target can no ...
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News briefs
Teijin raises corporate CO2 reduction targets
As awareness of climate change issues rises in its home country of Japan, Tokyo-based Teijin Limited has announced stricter targets for reducing CO2 emissions from its own operations and the company’s entire supply chain starting in July 2021. The target for fiscal 2030 has been raised to 30 percent, up ...
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