Environmental Profit and Loss Account

What is an E P&L?

The monetary value of the EP&L is the amount to be paid, if the environment billed us for providing clean water and air, restoring soils and the atmosphere and decompose waste. 

E P&L Results 2016

The monetary value of PUMA’s environmental impacts caused by our operations and supply chain in 2016 amounts to 457 million €. This figure expresses the value of impacts such as air pollution, carbon emissions, land use, waste generation, water usage and water pollution.

 

The 2016 EP&L results and the results from previous years clearly highlight three aspects:

1. The majority of our impact is caused on the raw material levels and

2. by our fabric and component suppliers.

3. Carbon emissions have the highest impact in comparison to other impact categories.
 

What are we doing to get better?

1. To reduce impacts on the material levels, we have partnered with the Leather Working Group, Better Cotton Initiative, bluesign and the Forest Stewardship Council and set sourcing targets for more sustainable materials.

2. We train our suppliers on resource efficiency practices. We have also started to expand our environmental data collection beyond our Tier-1 suppliers.

3. To reduce our carbon footprint, we are currently developing a Science Based Target to define a fair emission reduction target. We are also striving to find a common industry approach to use synergies and have initiated a multi-stakeholder project with the International Finance Corporateion (IFC) and selected key suppliers.

All of these measures aim to gradually lower the EP&L monetary value on higher tier levels.

 

From 2013 to 2016, PUMA’s environmental costs have decreased 7.5% in relation to our sales. Sales increased 10.2% in the same period. In absolute terms, the environmental costs increased as more products were manufactured and sold.  

Further Development of the E P&L APPROACH

After PUMA was the first company ever to establish an EP&L in 2011, our majority shareholder Kering further developed the methodology and expanded the EP&L to the entire Kering Group. Kering has regularly reported on the results, published the methodology as an open-source tool in 2016, and even developed an EP&L mobile phone app. For more information on Kering’s EP&L activities and the group’s results, please visit (http://www.kering.com/en/sustainability/epl).