Climate Change
Uncontrolled climate change is the most important challenge of our times and we stand ready to oppose it. We support the Paris agreement on limiting climate change well below two degrees and are ready to contribute our fair share toward this goal.
BELOW 2 DEGREES
We could have just set an easy-to-achieve target for PUMA. Instead, we linked our climate target to what scientists deem necessary to reach a world in which climate change is below two degrees.
To gain a better understanding, it means breaking down global emission budgets to our company level. More importantly, it means radical changes in the way we operate our business, like switching energy use to renewables, and using more and more sustainable raw materials in PUMA products. The current linear business model of make – use – waste needs to be replaced by the circular approach of make – use – recycle.
OUR CO2 EMISSIONS
A Work in Progress
We are not there yet. Currently, we’ve set an interim target to reduce our CO2 emissions by 3% per year. This is put in relation to our sales for our own direct and indirect emissions, as well as those of our direct manufacturing partners. Going forward, we plan to expand this target to the lower tiers of our supply chain and add an absolute reduction target for PUMA’s own entities.
Tackling the target
So far, we have switched to a renewable electricity tariff in Germany, Italy and Spain. The goal is to add at least one more country to this list each year. Additionally, we’ve equipped our headquarters in Germany and the USA with rooftop photovoltaic solar powerplants to generate renewable electricity directly at our offices. Electric car charging stations at our headquarters support a gradual move to e-mobility.
We have offset all our remaining direct and indirect (Scope 1 and 2) CO2 emissions from PUMA entities since 2010.
Going deeper into the supplier level, we have established best practice guidelines and an e-learning tool on energy efficiency. By measuring the energy consumption and CO2 emissions of all our core suppliers on a regular basis, we ensure that we stay on target. In the last five years, PUMA supported detailed energy efficiency assessments at over 40 PUMA manufacturers. Since recently, we have been working with the International Finance Corporation (IFC) as well as our industry peers to promote energy efficiency and renewable energy in our major sourcing countries Vietnam and Bangladesh.
Renewable energy provides substantial benefits. That's why we will keep focusing on it for a better future.
Louis Chen CEO, General Manager Kaoway Sports