Home / Knowledge / News / Apparel/Garments / PUMA completes first Environmental Profit and Loss Account
PUMA completes first Environmental Profit and Loss Account
17
Nov '11
Within the context of publishing a worldwide unprecedented Environmental Profit and Loss Account (EP&L), the Sportlifestyle company PUMA and PPR HOME, the PPR Group's sustainability initiative, released, that the environmental impact for the key areas of greenhouse gas emissions (GHG), water use, land use, air pollution and waste, generated through the operations and supply chain of PUMA is valued at € 145 million in 2010.

Furthermore, in acknowledging the PUMA EP&L as an innovative sustainability approach, the PPR Group, PUMA's majority shareholder, announced that this groundbreaking economic valuation methodology for a company's environmental impacts will be implemented across its Luxury and Sport & Lifestyle brands by 2015.

After publishing an economic valuation of € 94 million of GHG emissions and water consumption in May this year, PUMA has now finalised its 2010 E P&L by adding € 51 million caused by land use change for the production of raw materials, air pollution and waste along its value chain. Only € 8 million of the € 145 million total derive from PUMA's core operations such as offices, warehouses, stores and logistics while the remaining € 137 million fall upon PUMA?s supply chain. These costs, which will not affect PUMA's net earnings, will serve as an initial metric for the company when aiming to mitigate the footprint of PUMA's operations and all supply chain levels.

“The unprecedented PUMA Environmental Profit and Loss Account has been indispensible for us to realize the immense value of nature's services that are currently being taken for granted but without which companies could not sustain themselves,” said Jochen Zeitz, Executive Chairman of PUMA and Chief Sustainability Officer of PPR.

“At PPR HOME, we view the PUMA EP&L as an essential tool to help drive PPR?s sustainability development across its Group of brands because analysing a company?s environmental impact through an E P&L and understanding where environmental measures are necessary will not only help conserve the benefits of ecosystem services but also ensure the longevity of our businesses. The results of the PUMA E P&L underpin the urgency for a paradigm shift in the way we all currently do business and I have been pleased to also see that the release of PUMA?s first results has generated widespread interest among governments, corporations, NGOs and academics.“

The PUMA E P&L and the associated methodology were developed with the support of PricewaterhouseCoopers LLP and Trucost PLC, using recognised ecological and economic techniques and building on a large volume of work in the fields of environmental and natural resource economics. The valuation of the overall results shows:

• PUMA?s supply chain is responsible for 94% or € 137 million of its total environmental impact.
• Over half (57% or € 83 million) of all environmental impacts are associated with the production of raw materials (including leather,cotton and rubber) in Tier 4 of PUMA?s supply chain.

Must ReadView All

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Textiles | On 28th Feb 2017

Over 100 exhibitors expected to participate in IATF

Over a 100 exhibitors are expected to showcase their products at the...

Apparel/Garments | On 28th Feb 2017

Q4FY17 operating income drops 8% at L Brands

Operating income at apparel brands marketer L Brands decreased 8 per...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search