Post by account_disabled on Feb 17, 2024 6:45:43 GMT -5
Footwear brand Crocs moves away from net zero by recording a 45.5% increase in absolute emissions year-over-year, according to its latest environmental, social and governance (ESG) report, presented by the company in early May. This is not only worrying, but some specialists interpret it as a lack of genuine commitment to the fight against climate change .
Limiting global temperature to less than 1.5°C is an urgent global agreement by several leaders and international organizations to avoid the worst climate disasters and maintain the Earth's habitability, according to Business Green .
Crocs does not say goodbye to climate goals
According to this latest update to its sustainability report, footwear giant Crocs says it will push back its net-zero target date by ten years, from 2030 to 2040, after confirming that its recent acquisition of shoe brand HeyDude of the company has led to a sharp increase in its carbon footprint.
Crocs also confessed that it had "learned a lot" since it first publicly committed to reaching net zero emissions by 2030 in 2021, adding that "the picture is now much clearer and we are working towards a new business goal."
The company said that when it first made its 2030 net-zero emissions commitment, it had not yet announced the acquisition of footwear brand HeyDude or completed its comprehensive Greenhouse Gas (GHG) inventory.
And it added that last year it worked to collect primary and secondary data from its supply chain to finalize its GHG inventories for the periods 2021 and 2022, which now include both brands and are aligned with the GHG Protocol, a global initiative to measure and manage the GHG of companies.
Growth is an obstacle to achieving climate goals
Crocs acknowledged that its “growth is a major obstacle to our climate ambitions,” and confirmed that the 45% increase in emissions seen last year was a result of its continued sales growth and improved data transparency. .
“As our business context changes, and as the severity of the climate crisis progresses, we must continue to evaluate the paths and possibility of our carbon reduction strategy.”
Crocs Sustainability Report.
Based on the above, Crocs noted that its new goal of reaching net zero emissions by 2040 was still ambitious, but also represented a more realistic and credible goal given its "significant" total emissions and "aggressive" growth projections.
«We are aware that there are many similarities in the emissions of both brands, including critical points in materials and manufacturing. “Therefore, we intend to spend the next year identifying how each brand can actively contribute to our collective business purpose.”
Crocs Sustainability Report.
Can the planet wait?
The footwear brand also laid out a Middle East Mobile Number List series of broader ESG goals, including reducing the carbon footprint of its classic clog by 50% by 2030 and sourcing 50% bio-based content for Croslite, the material used to make the shoes. Crocs.
Crocs CEO Andrew Rees said that while the path to sustainability never ends, the company will continue to strive to meet its climate ambitions.
Strategy going forward is ambitious and calls on all our employees, suppliers and partners to contribute their diverse talents. “With renewed enthusiasm for our purpose of creating a more comfortable world for everyone, Crocs, Inc. is ready to demonstrate that the strongest path is the one we travel together.”
Andrew Rees CEO of Crocs.
However, these statements are a warning so that, after the economic recovery, companies renew their climate objectives and be more ambitious in their goals. We cannot ignore the fact that the window of opportunity to maintain the planet's temperature is closing and that the most polluting companies have a social and environmental responsibility to do more to reduce their emissions.
Limiting global temperature to less than 1.5°C is an urgent global agreement by several leaders and international organizations to avoid the worst climate disasters and maintain the Earth's habitability, according to Business Green .
Crocs does not say goodbye to climate goals
According to this latest update to its sustainability report, footwear giant Crocs says it will push back its net-zero target date by ten years, from 2030 to 2040, after confirming that its recent acquisition of shoe brand HeyDude of the company has led to a sharp increase in its carbon footprint.
Crocs also confessed that it had "learned a lot" since it first publicly committed to reaching net zero emissions by 2030 in 2021, adding that "the picture is now much clearer and we are working towards a new business goal."
The company said that when it first made its 2030 net-zero emissions commitment, it had not yet announced the acquisition of footwear brand HeyDude or completed its comprehensive Greenhouse Gas (GHG) inventory.
And it added that last year it worked to collect primary and secondary data from its supply chain to finalize its GHG inventories for the periods 2021 and 2022, which now include both brands and are aligned with the GHG Protocol, a global initiative to measure and manage the GHG of companies.
Growth is an obstacle to achieving climate goals
Crocs acknowledged that its “growth is a major obstacle to our climate ambitions,” and confirmed that the 45% increase in emissions seen last year was a result of its continued sales growth and improved data transparency. .
“As our business context changes, and as the severity of the climate crisis progresses, we must continue to evaluate the paths and possibility of our carbon reduction strategy.”
Crocs Sustainability Report.
Based on the above, Crocs noted that its new goal of reaching net zero emissions by 2040 was still ambitious, but also represented a more realistic and credible goal given its "significant" total emissions and "aggressive" growth projections.
«We are aware that there are many similarities in the emissions of both brands, including critical points in materials and manufacturing. “Therefore, we intend to spend the next year identifying how each brand can actively contribute to our collective business purpose.”
Crocs Sustainability Report.
Can the planet wait?
The footwear brand also laid out a Middle East Mobile Number List series of broader ESG goals, including reducing the carbon footprint of its classic clog by 50% by 2030 and sourcing 50% bio-based content for Croslite, the material used to make the shoes. Crocs.
Crocs CEO Andrew Rees said that while the path to sustainability never ends, the company will continue to strive to meet its climate ambitions.
Strategy going forward is ambitious and calls on all our employees, suppliers and partners to contribute their diverse talents. “With renewed enthusiasm for our purpose of creating a more comfortable world for everyone, Crocs, Inc. is ready to demonstrate that the strongest path is the one we travel together.”
Andrew Rees CEO of Crocs.
However, these statements are a warning so that, after the economic recovery, companies renew their climate objectives and be more ambitious in their goals. We cannot ignore the fact that the window of opportunity to maintain the planet's temperature is closing and that the most polluting companies have a social and environmental responsibility to do more to reduce their emissions.