SPONSORED CONTENT – The LYCRA Company’s latest Sustainability Update
The LYCRA Company has published its third annual Sustainability Update and its abridged Global Sustainability Scorecard for fiscal year 2023. These documents detail the company’s progress toward achieving its 2030 sustainability goals.
The LYCRA Company’s sustainability framework, known as Planet Agenda, encompasses every aspect of its business and includes three pillars: product sustainability, manufacturing excellence, and corporate responsibility. The sustainability goals outlined in these documents are structured around these pillars and are aligned with five of the United Nations Sustainable Development Goals (SDGs).
“Our latest sustainability update demonstrates our long-term commitment towards a more sustainable future,” said Chief Brand and Innovation Officer Steve Stewart. “Delivering on our ambitions to drive meaningful change as we make progress against our 2030 goals inspired this year’s theme, Turning Ambition into Impact.”
Highlights of this edition of the 2023 Sustainability Update include:
- Advancing the commercialization of bio-derived LYCRA® fiber made with QIRA®
- Introducing industrial compostable LYCRA® fiber for the personal care segment
- Extending the LYCRA® ADAPTIV fiber portfolio to add durability benefits
- Reducing Scope 1 and 2 emissions by 26% versus the previous year
Recently, the company announced the Science Based Targets initiative (SBTi) approval of its
near-term science-based emissions reduction targets. The LYCRA Company has committed to reduce absolute Scope 1 and 2 GHG emissions by 50 percent by 2030 from a 2021 base year. In addition, the company will reduce absolute Scope 3 GHG emissions by 25 percent within the same timeframe.
To download a copy of the 2023 Sustainability Update or Global Sustainability Scorecard, visit lycra.com/update.
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