Renewcell Sustainability Profile
Renewcell, officially known as Renewcell AB, is a pioneering company headquartered in Sweden (SE) that operates at the forefront of the textile recycling industry. Founded in 2012, Renewcell has made significant strides in transforming the fashion landscape by developing innovative solutions for circular textiles. The company’s flagship product, Circulose®, is a unique, biodegradable material derived from recycled cotton textiles, setting a new standard for sustainable fashion. This revolutionary approach not only reduces waste but also conserves resources, positioning Renewcell as a leader in the shift towards a more sustainable textile economy. With a strong presence in Europe and growing recognition globally, Renewcell has achieved notable milestones, including partnerships with major fashion brands, further solidifying its market position as a key player in the sustainable materials sector.
DitchCarbon Score
How does Renewcell'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
Renewcell's score of 32 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Renewcell's reported carbon emissions
In 2022, Renewcell reported total carbon emissions of approximately 63,308,000 kg CO2e, primarily from Scope 3 emissions, with no reported Scope 1 emissions and Scope 2 emissions amounting to about 186,000 kg CO2e. The significant portion of Scope 3 emissions, approximately 60,053,000 kg CO2e, is attributed to capital goods. Renewcell has set ambitious climate commitments, aspiring to achieve net zero emissions by 2050. In the near term, the company aims to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 40% by the end of 2030, using 2019 as the baseline year. Additionally, they have established near-term targets through the Science Based Targets initiative (SBTi), committing to a 38% reduction in absolute Scope 1 and Scope 2 emissions by 2029 from a 2022 base year. These commitments reflect Renewcell's dedication to addressing climate change and reducing its carbon footprint in alignment with industry standards.
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| 2022 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 186,000 |
| Scope 3 | 63,308,000 |
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Renewcell'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.
Renewcell 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.
