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Public Profile
Retail Trade Services
SE
updated 7 days ago

Renewcell

Company website

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.

40

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.

30

Industry Benchmark

Renewcell's score of 40 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.

63%

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Renewcell's reported carbon emissions

In 2022, Renewcell, headquartered in Sweden (SE), reported total carbon emissions of approximately 63,308,000 kg CO2e, primarily from Scope 3 emissions, with a significant portion (about 60,053,000 kg CO2e) attributed to capital goods. The company also recorded Scope 2 emissions of about 186,000 kg CO2e, while Scope 1 emissions were negligible at 0 kg CO2e. Renewcell has set ambitious climate commitments, aiming for a 40% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the baseline year. Additionally, the company aspires to achieve net zero emissions by 2050, reflecting a long-term commitment to sustainability. These targets align with the Science Based Targets initiative (SBTi), where Renewcell has committed to reducing its absolute Scope 1 and 2 emissions by 38% by 2029 from a 2022 base year. This commitment underscores the company's dedication to addressing its carbon footprint and contributing to global climate goals.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Renewcell'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 Renewcell is in SE, which has a very 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.

Renewcell 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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Where does DitchCarbon data come from?

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