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Public Profile
Retail Trade Services
US
updated 9 days ago

New Balance, Inc.

Company website

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.

41

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.

27

Industry Benchmark

New Balance, Inc.'s score of 41 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.

66%

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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 about 3,502,000 kg CO2e from Scope 1 emissions, approximately 2,822,000 kg CO2e from Scope 2 emissions, and about 1,183,000,000 kg CO2e from Scope 3 emissions, which primarily stem from purchased goods and services (approximately 976,483,000 kg CO2e) and upstream transportation and distribution (about 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 from a 2019 baseline. Additionally, the company plans to increase its sourcing of renewable electricity from 49% in 2019 to 100% by 2025, maintaining this level 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 its proactive approach to sustainability within the textiles, apparel, footwear, and luxury goods sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20192020202120222023
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. New Balance, Inc.'s primary industry is Retail trade services, except of motor vehicles and motorcycles; repair services of personal and household goods (52), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for New Balance, Inc. is in US, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

New Balance, Inc. is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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