Oxbow's carbon footprint for 2023/2024

[Oxbow press release, October 13, 2024]

 

Oxbow, concerned about the planet and the future of generations to come, has embarked on a climate strategy to accentuate its eco-responsible approach. We have carried out our second carbon audit for the 2023/24 financial year, again with the support of Air Coop, a company with extensive expertise in this sector.

 

WHAT ABOUT CARBON EMISSIONS?

22,859 tonnes of CO2 emissions were emitted in fiscal 2023, compared with 25,424 tonnes in 2019. For this study, OXBOW modified the categorization of its CO2 emissions by dividing the entire collection evaluated (SUMMER and WINTER 2023) into ranges - ECO Range and CONVENTIONAL Range.

 

ECO RANGE

The ECO range includes products made from at least 70% biobased raw materials. It also includes products manufactured in Europe and France. Biobased materials include organic cotton, Tencel, Modal, Yulex®, recycled polyester (Repreve®), recycled fibers and other upcycled materials.

 

CONVENTIONAL RANGE

 

Products made from conventional, non-bio-sourced materials.

 

 

WHICH OF OUR PRODUCT FAMILIES EMIT THE MOST GHG?

The category with the highest GHG emissions is the conventional range. Cotton is still the most emitting material, accounting for nearly 65% of units sold and 45% of total GHG emissions.

These emissions are mainly linked to 2 invoices: the manufacture of raw materials (cultivation, harvesting, transport), and production (in particular the production of electricity from fossil fuels). For the next financial year, the manufacture of ECO and CONV materials and the energy mix of suppliers and their involvement in production will have to be assessed.

 

THE 2023 CARBON REPORT CONFIRMS THAT OXBOW HAS ACHIEVED ITS INITIAL TARGETS SET IN 2020!

"OUR GOAL IS STILL 2020

A 12.5% reduction in our total volume of GHG emissions. That's a reduction of 2.5% / year by 2026. This is to keep global warming below 2°C, in line with the Paris Agreement. This approach is largely based on the Science Based Targets (SBTi) initiative, which aims to encourage companies to define reduction targets in line with scientific recommendations. Our targets aim to reduce annual GHG emissions by 2.5%/year by 2026, in order to keep global warming below 2°C. The reduction trajectory up to 2035 has been established, and is directly linked with the W2C trajectory (limiting global warming to less than 2°C).

 

OBJECTIVES FOR 2026

 

READ THE FULL ARTICLE ON THE OXBOW WEBSITE

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