The LYCRA Company Sets 2030 Supply Chain Emissions Reduction Goal

The LYCRA Company has announced a 2030 goal to reduce its supply chain emissions. The Science Based Targets initiative (SBTi) has approved their targets to align with a 1.5°C climate trajectory. The company aims to cut Scope 1 and 2 greenhouse gas emissions by 50% and reduce Scope 3 emissions from purchased goods and services by 25% by 2030. They are transitioning to cleaner energy sources and renewable electricity, and are working with suppliers to lower-impact inputs. LYCRA will also convert 30% of its spandex capacity to bio-derived fiber. CEO Gary Smith emphasized the importance of these targets for both business success and environmental responsibility. Resources: https://www.esgtoday.com/the-lycra-company-sets-2030-supply-chain-emissions-reduction-goal/