Renewcell
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 41 is higher than 90% 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, with no emissions recorded under Scope 1. The company’s Scope 2 emissions amounted to about 186,000 kg CO2e, while the majority of emissions were attributed to Scope 3. Renewcell has set ambitious climate commitments, aiming for a 38% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions by 2029, using 2022 as the baseline year. This target aligns with the Science Based Targets initiative (SBTi) and is designed to support efforts to limit global warming to 1.5°C. The company is also committed to measuring and reducing its Scope 3 emissions, which represent a significant portion of its overall carbon footprint. These initiatives reflect Renewcell's dedication to sustainability and its proactive approach to addressing climate change within the textile industry.
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| 2022 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 186,000 |
| Scope 3 | 63,308,000 |
Industry emissions intensity
Location emissions intensity
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.
