Home / Knowledge / News / Textiles / UK's Coats to invest $10 mn in 5 years to achieve sustainability goals

UK's Coats to invest $10 mn in 5 years to achieve sustainability goals

Nov '21
Pic: Coats
Pic: Coats
Coats, the world’s leading industrial thread company, is amplifying its journey towards a sustainable future with higher ambitions, in terms of scope, scale and speed, which focus on net zero and circularity. Over the next 5 years, it plans to invest $10 million in scaling up the development of green technologies to accelerate the achievement of its goals.

The Coats Innovation Hub – Asia, in Shenzhen, China, will have a new mission and be re-purposed to focus on the application of biomaterials. Over the long term, Coats aspires to move all products to environmentally friendly materials and chemicals, the company said in a statement.

Rajiv Sharma, group chief executive, said: “Innovation is key to Coats and our wider industry finding a new and more sustainable way forward. We need to facilitate open-source innovation where different parts of the value chain collaborate to create solutions to the challenges we are all facing. Accelerating our commitments is the right thing to do and will strengthen our business for the future.”

Coats has identified five key targets – carbon neutral, renewable energy, materials, waste and social.

By 2050 Coats will reach net zero through accelerating its progress in energy reduction, shifting to more renewable energy and its materials transition; by 2030 70 per cent of the global energy consumption of Coats will come from renewables; by 2030 all products will be made completely independently of new oil-extraction materials such as polyester and nylon; it will shift to a more circular model for its industry; and it will continue its commitment to living wage, fair employment practices and efforts to improve standard of living for communities.

Sharma added: “We are further integrating sustainability into the core of our business operations and strategy with the aim to generate impact on a scale beyond anything so far achieved in our industry. We have a responsibility to support our customers and other stakeholders in creating sustainability in the industries in which we operate.”

Coats launched its sustainability strategy, ‘Pioneering a sustainable future’ in 2019, when it laid out ambitious targets for 2022 and 2024. It remains committed to those targets and as it approaches their delivery is building on them to evolve its sustainability strategy.

Fibre2Fashion News Desk (KD)

Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Recron Polyester from Reliance Industries Limited
T.T. Limited
Truetzschler India Private Limited
Lacoste (Wanchai)
Brandix Lanka Limited
Reiter India Private Limited
The Top Form Brassiere Manufacturing Company Limited
J ;& P Coats
Sateri (Jiujiang) Fiber Co.,Ltd
Under Armour Global Sourcing Ltd
Desigual - ABASIC, S.A.
MAS Active / MAS Kreeda / MAS Bodyline
Sainsbury's Argos Asia Limited
International Textile Manufacturers Federation
Rayonese Textile Inc., Division de Culp Inc.
Hela Clothing Pvt Ltd
Arvind Limited
Esprit Europe Services GmbH
Chico’ FAS
NITI Aayog
Page Industries Limited (Bangalore)
Calvin Klein
Target Corporation (MN)
Benetton Group
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Gatsby Africa
The LYCRA Company Singapore  Pte. Ltd
OVS Hong Kong Sourcing Ltd.
Midas Clothing Limited
Hirdaramani International Export Private Limited
Huntsman (Singapore) Pte Ltd
Alison Hayes Romania
Helly Hansen Far East Ltd
Phong Phu international JSC (PPJ)
Lululemon Athletica Inc
C;&A Sourcing International Ltd
John Varvatos
Eastman Chemical Company
PVH Corporation
Lenzing Aktiengesellschaft
Tchibo GmbH
Vianney Textil Hogar S.A. De C.V.
Gokaldas Exports Limited
G-Star Raw C.V.
Tory Burch Hong Kong Ltd
Guess Europe Sagl,
Groz-Beckert East Asia LLP
Sportswear Company Spa
Cat Tuong Real Estate Group Joint Stock Company
Maceton Limited
Varner AS Retail
Lisa S.P.A.
Grasim Industries Limited
Tommy Hilfiger
IDH – The Sustainable Trade Initiative
H;&M Hennes ;& Mauritz (Far East) Ltd
Aquarelle Clothing Limited
Restoque S.A.
Alix Partners
Etam Group Strategy Hong Kong Limited
Rosset ;& Cia Limited
Vardhman Textile Ltd
Bluestem Global Sourcing Limited
Sportmaster Ltd.
Green Fibre
Boardriders Asia Sourcing Limited
Chori Company Limited
Amazon China
Gloria Jeans
Gap International Sourcing Limited
Aramark Uniform ;& Career Apparel, LLC
Seasalt Limited
SHAHI Exports Pvt Ltd
KAS Direct Sourcing

January 2022

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

Advanced Search