Energy Efficiency, GHG Emissions, Industrial - August 8, 2024
LYCRA's Decarbonization Plans Receive SBTi Approval
The LYCRA Company, a global sustainable fiber and technology solutions company for the apparel and personal care industries, announced that the Science Based Targets initiative (SBTi) approved its near-term science-based emissions reduction targets.
The SBTi validated that the company’s Scope 1 and 2 GHG target goals align with a 1.5-degree Celsius trajectory.
The LYCRA Company committed to lower absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2021 base year. In addition, the company will reduce absolute Scope 3 GHG emissions from purchased goods and services by 25% within the same timeframe.
“This has been a two-year effort to identify and select the best options for our business and create a road map for carbon reduction,” said Robert Johnston, executive vice president of operations at The LYCRA Company, in a statement. “That plan includes changes to our processes, products, and key ingredients, as well as securing buy-in from internal and external stakeholders.”
To lower its Scope 1 emissions, The LYCRA Company is moving to lower-impact energy sources at its production sites. Work is already underway to convert its Maydown, Northern Ireland site to cleaner fuel sources with project completion anticipated by the first quarter of 2025.
By converting purchased electricity to renewable sources through Energy Attribute Certificates, The LYCRA Company is also reducing its Scope 2 emissions. This has been completed at production sites in Foshan, China, and Maydown, Northern Ireland. Two additional sites will be converted over the next two years.
The LYCRA Company also works with ingredient suppliers to convert to lower impact inputs to reduce its Scope 3 emissions. An example is the company’s collaboration with Qore® to use its brand QIRA® to develop and commercialize bio-derived LYCRA® fiber at scale. Over the next several years, nearly 30% of the company’s current spandex capacity will be converted to bio-derived LYCRA® fiber.
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