On Releases its 2022 Impact Progress Report
04 Setembro 2023 - 6:00AM
Business Wire
- In its third report since 2019, On makes strides against
ambitious sustainability goals
- The company increased the use of recycled polyester in its
products to 85% and, since 2019 decreased its Scope 3 emissions per
gross profit by 12%
- 30% of the materials used across all products were fossil-free,
and 64% of the materials used in apparel and accessories were
fossil-free*
- Through Right to Run, On partners with 19 organizations
globally to tackle barriers to movement
Swiss sportswear brand On today published its 2022 Impact
Progress Report, highlighting its latest achievements and ambitious
targets for a greener future. Today's report builds on goals set in
2019 as part of On's inaugural Impact Progress Report.
On highlights two significant areas of advancement in 2022.
Compared to 2019, the brand decreased CO2eq emissions per unit of
value added by 12%. In addition, On increased the use of recycled
polyester in its products to 85%, bringing it one step closer to
achieving its goal of 100% recycled polyester and polyamide in
2024. On also aims to use 100% recycled, organic, or petrol-free
cotton by 2024. In 2022, 30% of the materials On used across all
product categories were fossil-free. In apparel and accessories,
64% of materials used were fossil-free.
On has set ambitious targets to reduce its greenhouse gas
emissions. By 2030, On aims to achieve a 46% absolute reduction in
Scope 1 and 2 emissions and a 55% economic intensity reduction in
Scope 3 emissions.
Begum Kurkcu, Head of ESG at On: “We’re incredibly proud of our
positive trajectory toward achieving our sustainability targets.
We’re proving that we can grow our business and continue to put the
environment first. This is extraordinary given the tremendous
growth our company is experiencing and our expanded physical
footprint with new stores and offices.”
In 2022, On set out to help their partners build safer
workplaces, cleaner supply chains, and move away from coal. Today,
a third of On’s Tier 1 suppliers use renewable energy. On aims for
all their strategic Tier 1 partners to be fully powered by
renewable energy by 2027.
On envisions a fossil-free future and regularly pilots new
business models that advance circularity. This includes resale
opportunities, product subscription services, and paths for
consumers to close the loop when their products reach the end of
their life. On’s strategy focuses on Cyclon™, its
subscription-based circularity program, and Onward™, its pilot
re-commerce program. To accelerate its circular journey, On is now
a member of the Ellen MacArthur Foundation, the leading think-tank
on the circular economy.
Ignite the human spirit through movement At On,
everything is driven by a mission to ignite the human spirit
through movement. This mission inspired On to create Right to Run,
a social impact program that tackles barriers to movement for
communities around the world – from access and inclusion to
safety.
In the initiative’s first three years, On impacts people
worldwide through long-term support, one-time giving, volunteerism,
product donations, and more.
Today, On partners with 19 organizations globally - nearly
double the reach from just two years ago. So far in 2023, On has
donated 14,000 units of product. That means in the first half of
2023, On has already donated more than 8 times the
amount of product the brand contributed in 2022, with even more
donations planned throughout the year.
Overview
- For a summary of On’s sustainability goals, including what’s to
come: click here.
- Full 2022 Impact Progress Report: click here
- High-res images for download: click here
About On
On was born in the Swiss Alps with one goal: to revolutionize
the sensation of running by empowering all to run on clouds.
Thirteen years after market launch, On delivers industry-disrupting
innovation in premium footwear, apparel, and accessories for
high-performance running, outdoor, and all-day activities. Fueled
by customer-recommendation, On’s award-winning CloudTec®
innovation, purposeful design and groundbreaking strides in
sportswear’s circular economy have attracted a fast-growing global
fanbase — inspiring humans to explore, discover and dream on.
On is present in more than 60 countries globally and engages
with a digital community on www.on.com.
*On classes the following as acceptable fossil-free materials:
third-party certified conventional recycled materials, advanced
recycled materials, novel bio-based and carbon emission based
polymers, as well as natural materials, ideally from regenerative
sources, such as natural rubber, man-made cellulosics, wool or
cotton.
Source: On Category: Earnings
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version on businesswire.com: https://www.businesswire.com/news/home/20230904420125/en/
Investor Contact: On Holding AG Jerrit Peter
investorrelations@on.com or ICR, Inc. Brendon Frey
brendon.frey@icrinc.com
Media Contact: On Holding AG Vesna Stimac press@on.com
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