GlobalData offers a comprehensive analysis of Unifi, 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 Unifi‘s ESG performance. GlobalData’s company profile on Unifi 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.
Unifi, a global textile solutions provider, acknowledges its responsibility to mitigate its impact and decrease the carbon emissions linked to its products and operations. Utilizing the GHG Protocol Corporate Accounting and Reporting Standard, the company reports its greenhouse gas (GHG) emissions. Scope 1 emissions, which include direct emissions from owned or controlled sources, totaled 17,685 metric tons CO2e in 2022. Scope 2 emissions, which include indirect emissions from the generation of purchased electricity, amounted to 111,616 metric tonnes CO2e in 2022. In FY2022, the organization achieved a 19% reduction in carbon emissions relative to its total revenue.
Unifi has taken several steps to reduce its emissions and achieve its net-zero targets. One notable initiative is the construction of a solar farm at its Yadkinville, N.C. location, which generates approximately 1,400 megawatts (MWs) of electricity annually. This solar farm has resulted in significant avoided emissions, with 344,950 MT CO2e avoided in 2022. The company is also actively managing its energy consumption, with a total energy consumption of 471,006,964 kWh in the same year.
In addition to renewable energy investments, Unifi is focused on waste management and recycling. The company aims to operate landfill-free facilities and prioritize source reduction, reuse, recycling, and composting. It categorizes its waste into landfill, recycling, waste-to-energy, and composting, with recycling being the most preferred method. The company has made progress in reducing its waste, with recycling accounting for 54% of waste at its Reidsville Dyeing facility. Additionally, the company aimed to elevate the percentage of recycled materials, targeting REPREVE® to account for a minimum of 50% of its FY2025 revenue. REPREVE® is a proprietary technology of Unifi and is globally popular in branded recycled performance fibers.
Unifi focuses on developing circular capabilities by expanding its TEXTILE TAKEBACK™ program to Asia, recycling polyester waste back into fiber and yarn. The company emphasizes sustainable innovation, offering solutions like SmartDye™ to minimize carbon emissions during dyeing processes. Waterwise, another technology, conserves water resources by reducing the need for additional water in conventional dyeing methods. Unifi aims to continue sharing its progress toward environmental impact reduction with customers and consumers.
In conclusion, Unifi is actively working towards reducing its carbon emissions. The company has implemented various initiatives, including the construction of a solar farm, energy management, and waste reduction strategies. By prioritizing sustainability and circularity, Unifi is making progress towards its emission reduction goals and contributing to a greener future.