LYCRA Co., a global provider of sustainable and creative fiber and technology solutions for the personal care and clothing industries, has announced that its near-term science-based emissions reduction targets have been authorized by the Science Based Targets initiative (SBTi).From a base year of 2021, The LYCRA Company has pledged to decreasing absolute Scope 1 and 2 GHG emissions by 50% by 2030. In the same time frame, the corporation also wants to cut the absolute Scope 3 GHG emissions from purchased goods and services by 25%.
“We have been working for the past two years to determine which options are best for our company and to develop a plan for reducing carbon emissions,” The LYCRA Co.’s executive vice president of operations, Robert Johnston, stated. “That plan entails gaining support from internal and external stakeholders as well as modifications to our products, processes, and essential ingredients.”The LYCRA Co. is switching to lower-impact energy sources at its production sites in order to minimize Scope 1 emissions; the conversion of its Maydown, Northern Ireland, operation to cleaner fuel sources is anticipated to be finished by the first quarter of 2025.
By converting purchased electricity to renewable sources through Energy Attribute Certificates, the company is also lowering its Scope 2 emissions. This process has been finished at its production sites in Foshan, China, and Maydown, Northern Ireland, with the conversion of two more sites planned for the next two years.To cut Scope 3 emissions, The LYCRA Co. is converting to lower-impact inputs in cooperation with ingredient suppliers. In order to produce and market bio-derived LYCRA® fiber at scale, for example, the firm is collaborating with Qore®. Over the next few years, the company hopes to convert approximately thirty percent of its present spandex capacity to bio-derived LYCRA fiber.
