PUMA’s Materials Strategy Receives Top Marks in the Material Change Index by Textile Exchange
Sports company PUMA has received the highest recognition for its materials strategy in the Material Change Index compiled by global non-profit organization Textile Exchange.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126681718/en/
PUMA Headquarters Germany Herzogenaurach (Photo: Business Wire)
Out of hundreds of companies examined, PUMA was amongst 11 in 2024 to be ranked in the fourth and highest “Leading” tier. Companies with this distinction showed an integrated materials strategy aligned with global goals, disclosed climate goals and targets and made progress towards a circular use of materials, Textile Exchange said. This year’s result is one step up from PUMA’s inclusion in the second-highest “Scaling” tier in 2023.
“We know how important our choice of product materials is, when we want to reduce our carbon footprint and lessen our environmental impact,” said Anne Laure Descours, PUMA’s Chief Sourcing Officer. “We are very happy to be ranked as ‘Leading’ in this years’ index and we will take it as an opportunity to further strengthen our materials strategy.”
PUMA has a 2025 target of making 9 out of 10 products with materials that are classified as preferred fibres by Textile Exchange or which originate from certified sources. In 2023, this was already the case for 8 out of 10 products. In 2023, 99.7% of all leather was sourced from Leather Working Group-certified tanneries and 99.2% of all cotton was certified or recycled as was 99.4% of all paper and cardboard packaging.
Almost 65% of the polyester used for PUMA’s apparel and accessories in 2023 came from recycled materials and the company also started to scale up the use of recycled cotton. In 2024 PUMA announced that millions of football jerseys had been made with textile waste through its RE:FIBRE recycling initiative.
The Material Change Index is the largest peer-to-peer comparison initiative in the industry and aims to help track the sector’s progress in fibre and materials sourcing, strategy and the circular transition. The aim of the organization is to help the fashion industry achieve a 45% reduction in greenhouse gases from raw material production by 2030.
PUMA
PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For more than 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241126681718/en/
Contacts
Samantha Du Plessis, PUMA Corporate Communications, samantha.duplessis@puma.com
(c) 2024 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Ras Al Khaimah Named the World’s Top City for Expatriates ‘To Get Started Abroad’26.11.2024 13:30:00 CET | Press Release
Ras Al Khaimah has achieved a milestone in its journey to becoming a leading destination to live, work and explore, by securing the top position in a survey of the world’s best expat destinations, conducted by InterNations, the largest global expatriate network. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126884554/en/ Ras Al Khaimah has been named the world’s leading city for expatriates ‘to get started abroad’, according to the 2024 Expat Insider report by @internationsorg, where Ras Al Khaimah ranked first among 53 cities. Find out more about RAK @HeartofRAK. (Photo: AETOSWire) The Emirate secured number one spot out of 53 cities in the Expat Essentials Index, conducted by InterNations as part of its 2024 Expat Insider report. The Index is based on four categories: Admin (how easy it is to get a visa, deal with local bureaucracy, open a bank account); Housing (affordability of housing, ease of finding accommodation)
Marelli Extends Relationship with Wipro for Continued Evolution of IT Infrastructure26.11.2024 12:51:00 CET | Press Release
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, has today announced the extension of its work with Marelli, a global leader in automotive solutions, for an additional four years. As part of this engagement, Wipro FullStride Cloud will migrate Marelli’s Milan Data Centre and all their local server rooms to the Cloud to centralize their operations and provide a more agile and stable ecosystem. This transition to a more flexible and advanced cloud environment will empower Marelli to respond quickly to market changes, enable continuous innovation across their business, and strengthen their competitive edge. Ultimately, the project will help reduce the time-to-market for Marelli's products and services, creating long-term value for all stakeholders, continuing to advance Marelli's journey towards modernization and growth. “We are excited to begin a new chapter in our strategic partnership with our trusted partner, Marelli. Our wide-r
Delta-Fly Pharma Inc.: Progress Update of the Phase III Clinical Trial of DFP-1432326.11.2024 12:00:00 CET | Press Release
We are excited to share our latest development status. Similar to its position in the United States, we are pleased to announce that Afatinib, which is being treated with DFP-14323 in our ongoing Phase III clinical trial, has been approved by the Japanese Lung Cancer Society in its “Lung Cancer Treatment Guidelines 2024” (issued on October 20, 2024) as a first-line treatment for EGFR mutation-positive (uncommon mutation) non-small cell lung cancer (NSCLC), with a stronger recommendation than Osimertinib. The development of DFP-14323 is being conducted in patients (stage III/IV) with epidermal growth factor receptor (EGFR) mutation-positive uncommon mutation NSCLC in a Phase III clinical trial (superiority study) comparing DFP-14323 in combination with Afatinib (20 mg/day) and Afatinib (40 mg/day) alone. The strongly recommended treatment with afatinib as first-line therapy must accelerate the enrollment of NSCLC patients through this trial. The study is being conducted at 30 core hospi
Netmore Group and Vantage Towers Partner to Expand Nationwide LoRaWAN ® Connectivity in Portugal26.11.2024 12:00:00 CET | Press Release
Netmore Group, a leading global LoRaWAN network operator, and Vantage Towers, a major provider of telecommunications tower infrastructure to the European market, today announced a strategic partnership to deliver national LoRaWAN connectivity across Portugal to support the digital transformation and sustainability initiatives of utilities, municipalities, and other organizations. Like many regions across the globe, addressing water scarcity is a leading initiative across Portugal and a leading use case for low power wide area network (LPWAN) sensing technology. Record droughts this year have forced significant water restrictions and strained the operations of water utilities throughout the country, particularly in the southernmost Algarve region, where reservoirs are only 20% full on average. Additionally, Portugal loses nearly a third of its water through leaks, theft or illicit use, according to ERSAR, the country’s national water supply and sanitation agency. To combat these challen
Blackstone Credit & Insurance Announces $1 Billion Infrastructure Loan Portfolio Purchase From Santander26.11.2024 11:30:00 CET | Press Release
Blackstone and Santander Corporate & Investment Banking today announced an agreement under which funds managed by Blackstone Credit & Insurance (“BXCI”) will acquire interests in a $1 billion portfolio of high-quality infrastructure loans from Santander. The portfolio comprises loans that finance assets located largely in Western Europe and the US across the digital infrastructure, utility scale renewable, energy efficiency and transportation sectors. Robert Horn, Global Head of Infrastructure & Asset Based Credit at BXCI, said: “This transaction is consistent with our approach to working with leading financial institutions on large-scale, long-term, efficient solutions that support their capital goals.” Marcel Patiño, Global Head of Private Debt Mobilization at Santander CIB, said: “We are delighted to partner with Blackstone on this strategic transaction as we look to streamline our balance sheet while supporting further growth by Santander as a leading advisor and arranger in the St
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom