PUM PUMA SE

PUMA unveils Vision 2030: Scaling up for bigger impact in climate, circularity and human rights

Sports company PUMA has announced its new Vision 2030 sustainability goals, which expand on the strong progress the brand has made.

This press release features multimedia. View the full release here:

PUMA Headquarters at Herzogenaurach (Photo: Business Wire)

PUMA Headquarters at Herzogenaurach (Photo: Business Wire)

“With Vision 2030 we have elevated and evolved our current 10FOR25 sustainability goals to achieve impact on a larger scale across our business in climate, circularity and human rights. We are setting the bar higher to stay true to our responsibility to be FOREVER. BETTER. throughout our business, for people and the planet,” said Anne-Laure Descours, Chief Sourcing Officer.

, which were approved by the Science Based Targets initiative (SBTi) as aligned with a 1.5-degree scenario. By 2030, PUMA seeks to cut its absolute Scope 1 and 2 greenhouse gas emissions by 90% (market based) from a 2017 baseline year and has committed to reduce absolute Scope 3 greenhouse gas emissions from its supply chain and logistics by 33% compared to 2017, while continuing to strive for strong growth.

Additional climate targets for 2030 include increased renewable energy use at PUMA’s core suppliers and a focus on increasing the use of less carbon-intensive materials. In 2023, PUMA produced 8 out of 10 products from recycled or certified materials and is well on track to achieve the 9 of 10 target set for 2025.

PUMA has already made strong progress in reducing its greenhouse gas emission over the past years and it announced that it had reached its previous science-based target seven years ahead of schedule. PUMA reduced greenhouse gas emissions by 24% in 2023 (market based) compared to 2022 and had its efforts in decarbonization and climate transparency ranked highly by the in 2023, and in 2024.

Circularity remains high on the agenda for 2030, including targets to enter more circular business models and to introduce re-sell and repair in selected markets. New material targets for 2030 include using 100% recycled polyester fabric. In Apparel, 30% of the polyester fabric will be Fibre-to-Fibre recycled, while 20% of cotton fabric will also be from recycled sources. The brand plans to invest in next-generation material research options with a focus on footwear and will continue scaling up textile-to-textile recycling. PUMA already announced this year that it had produced millions of replica football jerseys primarily from recycled textile waste through its .

PUMA’s Human Rights targets for 2030 in its own operations include closing the gender pay gap in all countries and fostering diversity, equity and inclusion. Targets focused on Human Rights in the Supply Chain include training 400,000 workers on Human Rights, a progressive salary increase towards a living wage and a zero gender pay gap at core factories by 2030.

.

For more detailed information on the Vision 2030 targets, please visit .

There’s only one Forever. Let’s make it Better.

PUMA

PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For more than 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany.

EN
14/11/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on PUMA SE

 PRESS RELEASE

PUMA publie Green Flags, un nouveau podcast pour mobiliser la générati...

HERZOGENAURACH, Allemagne--(BUSINESS WIRE)-- PUMA, la société d’articles de sport, a lancé Green Flags (Drapeaux verts), une série de podcasts en cinq épisodes sur la durabilité, animée par , défenseuse et Lioness du Manchester United Women Football Club, , le gourou de la mode et du style de vie, et , ancien footballeur professionnel devenu créateur de contenu. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : PUMA GREEN FLAGS PODCAST (Graphic: Business Wire) Du surcyclage à la production d’électricité à partir de pommes de terre, PUMA met à l’épre...

 PRESS RELEASE

PUMA Releases Green Flags: A New Podcast Engaging Gen-Z in Sustainabil...

HERZOGENAURACH, Germany--(BUSINESS WIRE)-- Sports company PUMA has launched Green Flags, a five-part podcast series on sustainability hosted by Manchester United captain and Lioness, , fashion and lifestyle Guru, and pro-footballer turned content creator, . This press release features multimedia. View the full release here: PUMA GREEN FLAGS PODCAST (Graphic: Business Wire) From upcycling to generating electricity from potatoes, PUMA puts two footballers and a fashionista to the test to see who will earn the most green flags. Each week, will present this trio with playful sustainability ch...

 PRESS RELEASE

PUMA dévoile ses objectifs Vision 2030 : le développement pour un plus...

HERZOGENAURACH, Allemagne--(BUSINESS WIRE)-- L’entreprise de sport PUMA a annoncé ses nouveaux objectifs de développement durable Vision 2030, qui s’inscrivent dans le prolongement des progrès considérables réalisés par la marque. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : PUMA Headquarters at Herzogenaurach (Photo: Business Wire) « Avec Vision 2030, nous avons élevé et fait évoluer nos objectifs de développement durable actuels 10FOR25 afin d’avoir un impact à plus grande échelle sur le climat, la circularité et les droits de l’homme dans l’en...

 PRESS RELEASE

PUMA unveils Vision 2030: Scaling up for bigger impact in climate, cir...

HERZOGENAURACH, Germany--(BUSINESS WIRE)-- Sports company PUMA has announced its new Vision 2030 sustainability goals, which expand on the strong progress the brand has made. This press release features multimedia. View the full release here: PUMA Headquarters at Herzogenaurach (Photo: Business Wire) “With Vision 2030 we have elevated and evolved our current 10FOR25 sustainability goals to achieve impact on a larger scale across our business in climate, circularity and human rights. We are setting the bar higher to stay true to our responsibility to be FOREVER. BETTER. throughout our business...

Roy Külter ... (+3)
  • Roy Külter
  • Steven Boumans
  • Thomas Zlowodzki
DHL DHL GROUP
AKE ARKEMA ... (+25)

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/06/2024

Our baseline scenario materialised last night: Donald Trump seems to be on course to win the US presidential election, and the choice of the electorate is unlikely to be challenged. He could end up with a majority in both houses of Congress. US equities will be the first to benefit from this development. In European equities, the biggest winners will be Energy, Media, Metals, Construction & Materials, Financial Services and Insurance. More at risk, however, are the Utilities, Spirits,...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch