GlobalData offers a comprehensive analysis of ANTA Sports Products, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on ANTA Sports Products‘s ESG performance. GlobalData’s company profile on ANTA Sports Products offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
ANTA Sports Products, a sports products company based in Finland, has set net-zero targets 2050 to reduce its greenhouse gas (GHG) emissions. ANTA Sports Products has also set specific goals related to scope 1, and scope 2 which include direct emissions from its operations, indirect emissions from purchased electricity and steam, and emissions from its value chain.
The organization has set "1+3+5" strategic goals, 1 overall goal of achieving carbon neutrality by 2050. The "3" goals encompass achieving net-zero carbon emissions, eliminating virgin plastic use and landfill waste by 2030. For 5, the aim is to achieve several sustainability targets, including increasing the use of sustainable products to 50%, shifting 50% of strategic partners' energy consumption to renewable sources, adopting sustainable packaging for 50% of products, substituting 50% of transportation fuel in self-owned facilities with clean alternatives, and integrating 50% sustainable raw materials into operations by 2030.
In terms of carbon emissions trends, the report provide data on the company's emissions in 2022 compared to the previous years. The data includes total hazardous and non-hazardous waste produced, energy consumption by type, and emissions such as particulates, sulfur oxides, and nitrogen oxide. The company has also disclosed its scope 1 and scope 2 greenhouse gas emissions and their intensities. According to the ESG report, in 2022 the company's total greenhouse gas emissions, Scope 1 direct greenhouse gas emissions was 4,820 Ton of CO2 equivalent, Scope 2 indirect greenhouse gas emissions emissions was 173,974 Ton of CO2 equivalent. Whereas Scope 1 greenhouse gas emission intensity was 0.09 Ton of CO2 equivalent/Revenue per million RMB and Scope 2 greenhouse gas emission intensity was 3.24 Ton of CO2 equivalent/Revenue per million RMB.
ANTA Sports Products has taken steps to reduce its emissions and achieve its net-zero targets. The company has implemented policies for the identification and mitigation of significant climate-related issues. It has also set emissions targets and taken steps to achieve them, although the specific details of these targets and steps are not provided in the excerpts. The company has complied with relevant laws and regulations related to air and GHG emissions, water and land discharges, and waste generation. ANTA Sports Products is actively advancing the utilization of eco-friendly materials in both products and packaging through dedicated research and technological innovation. Illustratively, in the case of the ANTA National Team Series ice-silk short sleeve shirts, the product incorporates Sorona fiber. Notably, Sorona fiber demonstrates a remarkable reduction of up to 30% in energy consumption and up to 63% in greenhouse gas emissions during production when compared to an equivalent amount of Nylon 6. Moreover, the company is proactively championing sustainable packaging practices.
In conclusion, ANTA Sports Products is committed to reducing its GHG emissions and achieving net-zero targets by 2050. The company has outlined a strategic framework known as "1+3+5" goals with the primary aim of attaining carbon neutrality by the year 2050. This strategic approach is designed to propel the Group's long-term development towards a low-carbon trajectory. The company has established distinct overarching objectives encompassing Environmental, Social, and Governance aspects.