New Balance, Inc. Sustainability Profile
New Balance, Inc., a prominent player in the athletic footwear and apparel industry, is headquartered in the United States. Founded in 1906, the company has established itself as a leader in performance running shoes and lifestyle footwear, catering to a diverse range of athletes and fitness enthusiasts. With a strong presence in North America, Europe, and Asia, New Balance is renowned for its commitment to quality and innovation. The brand's core products include running shoes, training gear, and casual wear, distinguished by their superior craftsmanship and emphasis on comfort. Notable achievements include being one of the few major athletic brands to manufacture a significant portion of its products in the US. New Balance continues to maintain a competitive edge in the market, celebrated for its unique blend of performance technology and stylish design.
DitchCarbon Score
How does New Balance, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
New Balance, Inc.'s score of 41 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New Balance, Inc.'s reported carbon emissions
In 2023, New Balance, Inc. reported total greenhouse gas emissions of approximately 1,184,319,000 kg CO2e across all scopes. This includes 3,502,000 kg CO2e from Scope 1, 2,822,000 kg CO2e from Scope 2, and a significant 1,184,319,000 kg CO2e from Scope 3 emissions, which primarily stem from purchased goods and services (976,483,000 kg CO2e) and upstream transportation and distribution (22,515,000 kg CO2e). New Balance has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 60% by 2030, using 2019 as the base year. Additionally, the company plans to increase its sourcing of renewable electricity from 49% in 2019 to 100% by 2025, maintaining this commitment through 2030. For Scope 3 emissions, New Balance targets a 50% reduction in emissions from purchased goods and services and upstream transportation and distribution by 2030, also from a 2019 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with the reductions required to limit global warming to 1.5°C. New Balance's commitment reflects a proactive approach to sustainability within the textiles, apparel, footwear, and luxury goods sector, demonstrating a clear strategy to mitigate climate impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,874,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,593,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 1,161,388,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is New Balance, Inc.'s Industry?
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New Balance, Inc.'s Scope 3 Categories Breakdown
New Balance, Inc.'s Scope 3 emissions, which decreased by 17% last year and increased by approximately 2% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
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New Balance, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
New Balance, Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about New Balance, Inc.'s sustainability data and climate commitments