LYCRA releases 2023 sustainability update
The LYCRA Company has published its third annual Sustainability Update, detailing progress towards its 2030 sustainability goals under the Planet Agenda framework. This comprehensive approach focuses on product sustainability, manufacturing excellence, and corporate responsibility, aligning with five United Nations Sustainable Development Goals (SDGs).
Highlights from the 2023 report include advancements in commercializing bio-derived LYCRA® fiber made with QIRA®, the introduction of industrial compostable LYCRA® fiber for personal care, and a 26% reduction in Scope 1 and 2 emissions from the previous year. The company has also received Science Based Targets initiative (SBTi) approval for its commitment to cut absolute Scope 1 and 2 GHG emissions by 50% and Scope 3 emissions by 25% by 2030, using a 2021 baseline.
Steve Stewart, chief brand and innovation officer, emphasized the theme “Turning Ambition into Impact,” highlighting the company’s dedication to driving meaningful change.
For more details, download the 2023 Sustainability Update and Global Sustainability Scorecard at lycra.com/update.
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