The LYCRA Company Publishes Sustainability Update Including 2030 Goals and Commitments

Published on:
by KnowESG

The LYCRA Company, which is a world leader in making sustainable and innovative fibres and technologies for the clothing and personal care industries, released its first annual Planet Agenda Update. On the company's website, people can download the whole update or just the section on the 2030 Goals and Commitments.

The Planet Agenda Update is named for The LYCRA Company's sustainability framework that was established in 2008. It has three pillars that touch every aspect of its business: corporate responsibility, product sustainability, and manufacturing excellence. The sustainability goals in these documents are organised around these pillars. They include targets for 2030 (unless stated otherwise) and a performance baseline for 2021.

Julien Born, chief executive officer of The LYCRA Company, said: 

"We believe in transparency and think it's important to have a clear sustainability roadmap to guide our business into the future—a bold plan that fully supports our customers and stakeholders. In support of this plan, we signed the Science Based Targets initiative (SBTi) Call-to-Action Commitment Letter. This letter shows that our company is committed to reducing emissions and other negative impacts on the environment. I'm proud of our teams' work to advance our sustainability efforts and develop our 2030 goals as we work toward our 2050 net zero commitment."

This update also outlines how the company’s sustainability goals align with five of the United Nations Sustainable Development Goals (SDGs) and reports on the progress made thus far in reaching its objectives.

Jean Hegedus, sustainability director at The LYCRA Company, said: 

"We have a long legacy as an industry leader known for investing in developing sustainable fibres and collaborating across the value chain. As we created our 2030 goals, we researched our customers' goals to ensure that our goals supported them, which inspired the update's theme of 'What moves you… is what moves us."

The LYCRA Company is an innovative company that started selling COOLMAX® EcoMade fibre in 2008. Since then, it has added recycled fibres with the brand names LYCRA®, LYCRA® T400®, and THERMOLITE® to its recycled product line. It also manufactures LYCRA® XTRA LIFETM brand fibres for stretch apparel with long-lasting shape and fit. Extending garment life with durable fibres reduces the environmental impact of garments and helps keep them out of landfills. The company just signed a deal with Qore® LLC to use QIRA® for large-scale bio-made LYCRA® fibre.

"Our industry-leading research and development team is creating the next generation of sustainable offerings for apparel and personal care products right now. We can't wait to share what's next," Born added.

Source: The LYCRA Company 

For more company-related news


Companies Headlines

Accenture to Acquire Green Domus to Boost Green Goals

Accenture to Acquire Green Domus to Boost Green Goals

SMEs Deprioritise ESG Initiatives Due to Rising Costs

SMEs Deprioritise ESG Initiatives Due to Rising Costs

Tosca Tool Reduces Footprint in Bulk Liquid Transport

Survey Unveils Bright ESG Strategies of Chinese Firms

Menzies Unveils ESG Consulting Offering

Deepki Enhances ESG Platform with Nooco Acquisition

Uber Green: All-Electric Service in India

FedEx Helps Users View Historical Emissions Data

Vedanta Aluminum, ERM Unite for Biodiversity Plan

Nassau Adopts Responsible Investment Principles