In 2023, we accelerated our action on climate change, including committing to set ambitious climate targets, implementing energy efficiency and renewable power initiatives, and adopting climate-specific risk management guidelines.
Beyond climate change, we have expanded sustainable practices at our company-operated retail stores, reduced packaging, and we have implemented projects to conserve water and reduce waste.
OUR PROGRESS
RENEWABLE POWER INTEGRATION
Around 80% of our business’s energy use comes from electricity. We are pleased that we reached 100% renewable electricity in 2023, two years ahead of our target date. We will maintain this goal by using a combination of onsite solar power generation, participation in utility and municipal green power programs, and purchases of Renewable Energy Certificates (RECs) and Energy Attribution Certificates (EACs).
DECREASING OUR CARBON FOOTPRINT
In 2023, we have committed to setting a near-term science-based emission reduction target across our own operations (Scope 1 and 2) and our supply chain (Scope 3), aligned with the criteria of the Science-Based Target initiative.
To meet our Scope 1 and 2 emissions reduction goal, we will continue to implement energy efficiency projects, such as LED retrofits, heating, ventilation and cooling (HVAC) upgrades, and process improvements, and use 100% renewable electricity.
To meet our Scope 3 goal of reducing supplier emissions, we will work with suppliers to increase recycled content of the plastics, aluminum, and other materials that our products are made from.
In 2023, we further expanded our on-site solar capacities. Our office in Dubai now receives some of its electricity from on-site solar, reducing energy consumption from the grid by 33%. We are also working on a solar project at our Tumi distribution center in Vidalia, Georgia, and are expanding our existing solar installation at our manufacturing center in Nashik, India.
 (1).jpg)
At the start of 2024 we adopted new climate specific risk management guidelines, which lay out specific processes for identifying, assessing, and managing climate risks, both near and longer-term, and for defining, assigning and implementing risk management steps for all identified medium or high risks. As formalized in these guidelines, we incorporate climate risk management into major aspects of our decision-making.
We also took multiple steps this year to reduce our exposure to climate risk, including changes to physical infrastructure at key facilities and continued investment in energy efficiency and renewable power generation to hedge against increases in energy costs.
We have published an Environmental, Social and Governance Report since 2016 and continue to share our progress on an annual basis.
You will also find our statement on Modern Slavery Statement in this section.
