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HanesBrands earns above average scores in CDP 2016
18 Jan '17
1 min read
Global apparel and innerwear retailer HanesBrands said it has received above average scores for its water management and supply chain from the CDP 2016 Climate Change Report. Formerly known as the Carbon Disclosure Project, CDP is a global disclosure system that enables companies and other entities to measure and manage environmental impacts.
For its water score, the retailer earned an ‘A’ that was higher than the apparel industry and S&P 500 averages, in the categories of context; governance and strategy; direct risks and response; and indirect risks and response.
Its supply chain score, ‘B’ too was ahead of the supply chain average in all reporting categories like governance and strategy; risk and opportunity management; and emissions management.
Since 2007, the company has reduced energy consumption by 25 per cent, carbon emissions by 21 per cent, and water use by 31 per cent, and established renewable energy sources for 25 per cent of its worldwide energy needs.
According to the retailer, the benefits of the company’s reduced carbon footprint are equivalent to those provided by more than 2 million tree seedlings grown for 10 years. (AR)
For its water score, the retailer earned an ‘A’ that was higher than the apparel industry and S&P 500 averages, in the categories of context; governance and strategy; direct risks and response; and indirect risks and response.
Its supply chain score, ‘B’ too was ahead of the supply chain average in all reporting categories like governance and strategy; risk and opportunity management; and emissions management.
Since 2007, the company has reduced energy consumption by 25 per cent, carbon emissions by 21 per cent, and water use by 31 per cent, and established renewable energy sources for 25 per cent of its worldwide energy needs.
According to the retailer, the benefits of the company’s reduced carbon footprint are equivalent to those provided by more than 2 million tree seedlings grown for 10 years. (AR)
Fibre2Fashion News Desk – India
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