Connected Magazine Issue 20

Page 18

Together, We Go Further with Planet Agenda The LYCRA Company, a global leader in developing durable, sustainable and innova�ve fibre and technology solu�ons for the apparel and personal care industries, recently released the publica�on of its second annual Planet Agenda Update and its abridged Global Sustainability Scorecard for fiscal year 2022. These documents report on the company’s progress toward achieving its 2030 sustainability goals announced in last year’s publica�on. Planet Agenda is the name of The LYCRA Company’s sustainability framework that touches every aspect of its business and is built on three pillars: product sustainability, manufacturing excellence and corporate responsibility. The sustainability goals outlined in these documents are organized around these pillars and align with five of the United Na�ons Sustainable Development Goals (SDGs). This update tracks 2022 performance against 2030 targets.

Highlights of the report include news on innova�ve products for sustainable fashion, including fibres made from recycled and renewable inputs to reduce carbon emissions as well as durable fibres for long wear life; the company's recent collabora�on with Qore®, a joint venture between Cargill and HELM, to enable bio-derived LYCRA® fibre; and a notable reduc�on in greenhouse gas emissions driven in part by the company’s Maydown, Northern Ireland site conver�ng its purchased electricity to renewable sources through Energy A�ribu�on Cer�ficates (EACs). In support of its 2030 Sustainability Goals, The LYCRA Company uses both the Higg Facili�es Environmental Module (FEM) and the Higg Facili�es Social and Labor Module (FSLM) to benchmark its environmental, social, and labor performance. 18

The company's Maydown, Northern Ireland site achieved top-quar�le performance in both the Higg FEM and Higg FSLM. “Our customers, employees and local community deserve a more sustainable future. Planet Agenda is our company’s shared endeavour, united in the belief, that to have a healthy business we must have a healthy planet,” said Dr. Nigel Hand, The LYCRA Company’s Plant Manager at the Maydown, Northern Ireland Site. To download a copy of the 2022 Planet Agenda Update or 2022 Global Sustainability Scorecard, visit lycra.com/update.


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