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CO2 & Climate Change

Climate change is real and we think we can play a role in limiting the industry’s CO2 emissions.

 

In 2016 the United Nations Framework Convention set clear goals to limit climate warming with The Paris Agreement. These proposals aim to keep the average rise in global temperature well below 2°C, (35.6°F) and as close as possible to 1.5°C (34.7°F) above pre-industrial levels. As a global company, we believe we have a responsibility to contribute to this goal. As such, we’ve defined climate change and CO2 as one of the four focus areas for our sustainability strategy. 

 

 

#CEO4climate


We know we can’t win the fight on our own. But as part of a winning team, we can make a real impact. That’s why we joined the CEO4Climate initiative – a group of Swiss businesses that are petitioning the Swiss Government to adopt a progressive climate policy.

           

 

 

 

ScienceBasedTargets

    
By joining the ScienceBasedTargets initiative we commit to supporting the reduction of our CO2 emissions to a level that will support the limiting of average global temperature raises to 1.5°C (34.7°F) above pre-industrial levels. We are currently calculating our targets and will communicate them right here as soon as defined. We are monitoring our CO2 inventory according to the GreenHouseGas Protocol

      

 

Scope 1,2 & 3 Assessment   


With so many different opportunities to reduce our footprint, it’s important that we focus on the areas where we will have the biggest impact. We have been assessing the CO2 footprint of our operations which helps us better understand where the right actions will reduce our impact.

 

For us, Scope 3 emissions (those associated with the operations related to the products we produce) account for the most CO2. This means we can have a major impact by focusing on material production and product manufacturing. It’s this analysis that led us to introduce our preferred material strategy and phase out certain materials. It also supports the work we are doing to develop new innovative materials that have a smaller environmental footprint and to further refine our considered design approach. As an example, we are working towards phasing out virgin polyester and replacing it entirely with 100% recycled polyester.

 

Simultaneously we are assessing the CO2 footprint of our individual products. This will help us to set the right targets and ensure we are reducing the footprint over time. 

     

 

CO2 Budget


Time is of the essence when it comes to climate change, so at the same time as we’re getting an accurate picture of our overall footprint we’re also taking immediate action. We are in the process of establishing an internal CO2 budget for team travel. We’re a fast-growing international organization but we want to decouple our growth from our travels. We will soon implement a framework that give each team a CO2 budget. Teams can then use this information to plan travel with their CO2 footprint in mind.