This is how the sporting goods industry deals with CSR & Sustainability – Page 55
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News briefs
Toray to introduce a bio-based nylon
Toray, the Japanese chemical and materials company, has developed a nylon 60 percent of whose contents are drawn from a biological source – specifically, the sebacic acid in castor beans. Given the trade name Ecodear Nylon, the fiber can be spun in the same manner as conventional nylons, is both ...
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Article
Lanxess sells organic leather chemicals business, launches Adiprene Green
The German specialty chemicals company Lanxess is selling its organic leather chemicals business to TFL Ledertechnik. The purchase price is made up from a fixed component of €80 million and a performance-related component of up to €115 million. In addition, TFL will assume certain liabilities associated with the business. Lanxess ...
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News briefs
Anta and the WWF agree to international partnership
The Anta Group has announced a new agreement with the World Wide Fund for Nature (WWF) that commits both parties to jointly invest more resources on sustainable environmental development, to drive the sustainability transformation of the textile industry and enhance biodiversity conservation. Based on a three-year collaboration framework, the two ...
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News briefs
Burton receives labor and environmental accreditation
The social compliance program at Burton Snowboards has been accredited by the Fair Labor Association (FLA). According to the FLA’s president and chief executive, Sharon Waxman, the American snowboarding and mountaineering company has undergone multiple years of scrutiny and set up suitable systems to detect and remedy unfair labor practices ...
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News briefs
Internetstores seeks to join the circular economy
Internetstores, the Germany bike and outdoor retailer, has hired the consulting firm EPEA, headquartered in the same city of Stuttgart, to overhaul environmental policy for its full value chain. EPEA began a three-month review of operations in June, after which it will draft a comprehensive proposal – with its “Cradle ...
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News briefs
Nike joins Time to Vote
Nike is celebrating the 55th anniversary of the Voting Rights Act by becoming a member of an association called Time to Vote. Passed in 1965 and since amended many times, the Voting Rights Act serves essentially to enforce the Fifteenth Amendment to the U.S. Constitution, which was ratified in 1870 ...
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News briefs
Nike pledges tens of millions for social justice
On behalf of its Nike, Jordan and Converse brands, Nike has pledged to invest $40 million over the next four years in organizations working in social justice, education and economic empowerment. The company announced on June 5, for starters, that it would be conferring three grants of $1 million to ...
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News briefs
Nike backs Transform to Net Zero initiative
Nike is among the companies and organizations that have launched Transform to Net Zero, a new coalition to help all businesses reduce their carbon emissions in line with a 1.5°C global warming target. Besides Nike, the founding members are A.P. Moller - Maersk, BSR, Danone, Environmental Defense Fund, Mercedes-Benz, Microsoft, ...
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News briefs
UA makes new diversity pledges
On its website Under Armour has published new objectives in its quest to “advance diversity and inclusion” in its ranks. In addition to filling 30 percent of its executive posts above the grade of director with “Black, Indigenous, and People of Color (BIPOC)” by 2023, as it has already pledged ...
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News briefs
Ecco joins Facebook boycott
Ecco said it is continuously reviewing advertising efforts on social media platforms “to be in alignment with company values” after its U.S. arm earlier this month joined a growing list of firms boycotting Facebook and Instagram to protest policies for handling online hate speech and misinformation. Ecco USA is pausing ...
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News briefs
Nike joins consortium pushing for a net-zero economy
Nike has joined eight other corporations outside the sporting goods industry and a U.S. non-profit organization, the Environmental Defense Fund (EDF), in forming a consortium to urge the world toward a net-zero economy by 2050 and help keep the earth’s overall warming to 1.5 degrees Celsius. BSR, a sustainability non-profit ...
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News briefs
Fesi is promoting European School Sport Day
The Federation of the European Sporting Goods Industry (Fesi) and the Moving Schools Alliance are working together to promote the European School Sport Day (ESSD), the main event of the #BeActive European Week of Sport. This year’s ESSD is scheduled for a requisite 120 minutes of activity (in several sessions, ...
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News briefs
Napapijri’s Circular Series obtains Cradle to Cradle Gold certification
Napapijri’s Circular Series of fully recyclable jackets has been recognized as Cradle to Cradle Certified Gold, the standard for safe, circular and responsible materials and products. In order to receive certification, products are assessed for environmental and social performance across five sustainability categories: material health, material re-use (achieved via either ...
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Article
Macron posts 15.6% sales growth and moves to a new green HQ.
Macron, the Italian specialist in team sports jerseys, posted consolidated revenues of €113.1 million in 2019, which represented a 15.6 percent increase as compared to the previous year and the third consecutive year of double-digit sales growth. Ebitda rose by 16 percent to €15 million. The Italian sportswear company, based ...
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News briefs
Covid-19 cases at a JD Sports warehouse
A local track-and-trace system has identified a few Covid-19 infections among the employees at JD Sports Fashion’s main warehouse at the Kingsway Business Park in Rochdale, near Manchester. These employees are now self-quarantined at home. Working with the U.K.’s National Health Service (NHS), the company has set up a mobile ...
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News briefs
Five years of Adidas with Parley for the Oceans
Adidas presented a new limited-edition sneaker for the fifth anniversary of its collaboration with Parley for the Oceans. The company said it would donate €30 to the NGO for each pair of the model sold in the first three days of the promotion. The partnership between Adidas and Parley for ...
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News briefs
Focusing on core brands, Pentland invests on sustainability and digitalization
Having completed a “strategic review,” Pentland Brands will be refocusing on its core brands: Speedo, Berghaus, Endura, Canterbury, Mitre, Ellesse, Kickers and SeaVees. To this end, it will “hibernate” the Boxfresh brand of men’s shoes and lay off about 350 employees from its headquarters in the U.K. According to Pentland ...
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News briefs
A “green” credit agreement for Moncler
Moncler has signed a €400 million “green” credit agreement with Italy’s big Intesa Sanpaolo bank. The revolving credit line is meant to support its initiatives in the areas of environmental protection and corporate and social responsibility. It includes a rewarding mechanism linked to the actual achievement of certain environmental targets. ...
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Article
Facebook boycott gains ground in the sports sector
Big sports brands like Adidas, Arc’teryx, Lululemon, Puma and Reebok have joined many others in the last few days in boycotting Facebook in response to a call by six civil rights group to stop advertising on the leading social network in order to prompt it to ban fake news and ...
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News briefs
Sympatex CEO honored with Planetary Consciousness Prize
Rüdiger Fox, managing director of Sympatex Technologies and founder of the management consulting company Gross Corporate Happiness Institute, was awarded the “Planetary Consciousness Award” for 2020 by the Club of Budapest. The reasoning states: “Rüdiger Fox is an excellent turn-around manager who has led a series of large and medium-sized ...
