As part of its commitment, Elevate Textiles recently increased its original greenhouse gas emission reduction target from 2.5% to 4.2% per year across its portfolio brands of American & Efird (A&E), Burlington, Cone Denim, Gütermann, and Safety Components.
The firm adds specific Elevate brands have emerged as leaders in their respective markets including A&E as the first thread manufacturer to receive approved targets; Burlington as the first performance woven fabrics manufacturer to receive approved targets; and Cone Denim as one of the first denim mills to receive approved targets.
“Gaining approval of our Science Based Targets is a milestone in our sustainability journey,” says Jimmy Summers, chief sustainability officer for Elevate Textiles. “Elevate is excited to lead as the first global textile manufacturer to achieve this recognition, further validating our work to reduce GHG emissions in line with climate science and in collaboration with many other private and public sector organisations. Our efforts to reduce Scope 1, 2 and 3 emissions will also reduce our customers’ Scope 3 emissions. This collaborative effort is not only good for our brands and our customers, but also strengthens Elevate’s joint commitment to responsible and sustainable production worldwide.”
Elevate first joined the SBTi in September 2019 and began work on evaluating and setting aggressive Scope 1 and 2 greenhouse gas emission goals as part of its overall 2025 sustainability commitments. Since that time the company has furthered its commitment by joining the Business Ambition 1.5°C Campaign and assessing emissions reduction targets across the entire value chain.
Elevate’s approved targets include a 46.2% reduction in absolute scope 1 and scope 2 greenhouse gas emissions by 2030 from a 2019 baseline, as well as a 46.2% reduction in several scope 3 categories -purchased goods and services, processing of sold products, and fuel and energy-related emissions, within the same timeline. Elevate has also set a long-term target to reach net-zero emissions by no later than 2050, as part of the Business Ambition for 1.5C Campaign.
Science-based targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions. The Science Based Targets initiative champions science-based target setting as a powerful way of boosting companies’ competitive advantage in the transition to the low-carbon economy. It is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData