WE TREAT NATURE AS OUR PARTNER
In 2011, PUMA got a head start by being the first company to implement the Environmental Profit and Loss Account – the EP&L. With this, we treat our environment as an equal partner who bills us for providing clean water and air, restoring soils and the atmosphere, and decompose waste.
An Environmental Profit and Loss Statement summarizes the externalized (i.e. not directly paid) cost to society caused by the environmental impact of an organization. The EP&L should not be mistaken with our financial P&L, which details our financial performance and results as publicly listed company.
Our PUMA EP&L takes into consideration not only emissions from PUMAs own offices, stores and warehouses, but also from the whole upstream supply chain. This means we cover the impacts, for example, from the cotton farm until a T-shirt is sold in one of our PUMA stores.
As part of PUMAs 10FOR25 strategy, we commit to publish our EP&L and reduce its value relative to sales year on year. We do this by expanding the use of more sustainable materials at scale but also by increasing the resource efficiency of our suppliers as well as PUMAs own entities.
What do we measure?
|Emissions and Resource Use||Environmental Change||Change in Wellbeing|
||Water consumption in m3||Increasing water scarcity||Malnutrition and disease|
|Water Pollution||Release of specific heavy metals, nutrients, toxic compounds in kg||Reduced water quality||Health impacts, eutrophication, economic losses|
|Waste||Hazardous and non-hazardous waste in kg||Climate change, disamenity and contamination||Reduced enjoyment of local environment, decontamination costs|
|Air Pollution||Emissions of pollutants (PM2.5, PM10, NOx, SOx, VOCs, NH3) in kg||Increase in concentration of pollution||Respiratory disease, agricultural losses, reduced visibility|
|Greenhouse Gas Emissions||Emissions of greenhouse gases (CO2, N2O, CH4, CFC's etc) in kg||Climate change||Health impacts, economic losses, change in natural environment|
|Land Use||Area of tropical forest, temperate forest, inland wetland etc in hectars||Recuded ecosystem services||Health impacts, economic losses, reduced recreational and cultural benefits|
EP&L Results 2018
In 2018, PUMA's environmental impact of our operations and supply chain amounts to a monetary value of 585 million €. This figure expresses the value of impacts such as air and water pollution, carbon emissions, land use, waste generation, and water usage.
Where do we stand?
The majority of our impact is caused on the raw material levels
PUMA has set its own starting-line up to tackle the issue head on. We have reached out and partnered with the Leather Working Group, Better Cotton Initiative, blue sign and the Forest Stewardship Council to set up sourcing targets for more sustainable materials.
We are reporting on PUMA’s progress towards gradually lowering the EP&L value relative to our financial revenue. While there was an increase in EP&L Value from 2017 to 2018, mainly caused by a more detailed material analysis, the overall trend between 2013 and 2018 remains positive with a decrease of EP&L value per revenue of 13.6%.