Home / Knowledge / News / Apparel/Garments / Volcom introduces 'Environmental Profit & Loss' system
Volcom introduces 'Environmental Profit & Loss' system
12
Apr '13
The turn of the year brought in a lot of new things for Volcom and amid the transition to a new CEO was the re-tooled Company Mission to include an increased focus on sustainability for the 22 year old, Orange County based action sports leader. The commitment, while on the company radar since 2006, has been strengthened in partnership with its parent company Kering and the Kering Sustainability Team.
 
Since 2006, Volcom has offered a range of products under the V.Co-logical Series collection, contributing 1% of the sales to environmentally focused non-profits, thanks to the company’s 1% for the Planet membership. These days, however, the company is digging deeper with a very specific strategy and is uncovering what it means to truly offer products and run a business who’s environmental impacts are lessened.
“We have a real opportunity to influence change,” Jason Steris, Volcom’s newly appointed CEO said. “Our investments in a yearly EP&L will help us make better decisions regarding our impact on the environment and will help us better manage long term risks as we grow the company.”
 
An EP&L or Environmental Profit & Loss, as introduced first by PUMA in 2010 and committed to by Kering, is a means of placing a monetary value on a company’s environmental impact along the entire supply chain of a select set of products and as 2013 began, so did Volcom’s first forays into their initial EP&L for their apparel products. To aid them in the process, Volcom has retained the services of Steve Richardson at Material STEPS, the former Director of Material Development at Patagonia.
 
Supply chain scrutiny is one part of the company’s comprehensive approach and included in Volcom’s 3-year sustainability plan are additional goals to be reached by 2016:
 
• Reducing the company’s carbon emissions, waste and water usage by 25%
• Ensuring there is no PVC in any of their collections
• Sourcing paper and packaging items sustainably from recycled sources and/or certified well-managed forests
• Increasing the amount of sustainable materials and processes in all product mixes
• Certifying major surf events as Deep Blue Surfing Events
• Continuing Give Backs to community-based programs 
 
 
Volcom’s sustainability strategy is managed by Derek Sabori, the company’s Senior Director of Sustainability, who notes that, “There’s still so much work to be done, but we’ve spent a lot of time instilling our sustainability principles into the DNA of the company. The building blocks and the blueprint are there. Now it’s time to execute.”
 
 
 
 

Kering


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search