The FT awarded the best scores to businesses which achieved the greatest reduction in their direct greenhouse gas emissions and indirect emissions from purchased energy (Scope 1 and 2). It gave more points to those companies which also reported on their indirect emissions from the supply chain (Scope 3) and which worked with external organisations such as CDP and the Science Based Targets Initiative.

“We are humbled to be recognized in this prestigious ranking and I want to thank our team of experts for the hard work they put in around the world to make this possible”, said Anne-Laure Descours, Chief Sourcing Officer at PUMA. “There is still a long way ahead of us in reducing our emissions, especially in the supply chain, where most of our greenhouse gas emissions occur. This will require a concerted effort by all stakeholders.”

PUMA has been included on the Europe’s Climate Leaders ranking since its inception in 2021, but this year, PUMA climbed to its best position of eighth place among all companies analysed.

In 2023, PUMA achieved its prior climate goals seven years early and established new greenhouse gas reduction targets, which were approved by the Science-Based Target initiative (SBTi). By 2030, PUMA aims to lower its Scope 1 and 2 greenhouse gas emissions by 90% and its Scope 3 emissions by 33% from a 2017 baseline.

PUMA was able to make significant progress in reducing its greenhouse gas emissions as its core suppliers doubled their use of renewable energy in 2023 compared to the previous year and the company increasingly used materials with a smaller carbon footprint in its products. PUMA also made use of low carbon shipment tariffs as well as renewable electricity or renewable energy certificates at its own operations and it invested in electric vehicles in its car fleet.