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 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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Renewcell's reported carbon emissions
In 2022, Renewcell, headquartered in Sweden (SE), reported total carbon emissions of approximately 63.3 million kg CO2e. This figure comprises 186,000 kg CO2e from Scope 2 emissions, while Scope 3 emissions accounted for about 63.3 million kg CO2e, with a significant portion (approximately 60.1 million kg CO2e) attributed to capital goods. Notably, there were no reported Scope 1 emissions. 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. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global goal of limiting temperature rise to 1.5°C. The company is also committed to measuring and reducing its Scope 3 emissions, reflecting a comprehensive approach to its carbon footprint. As part of its climate strategy, Renewcell is actively working to enhance its sustainability practices and reduce its overall environmental impact, demonstrating a commitment to addressing climate change within the textile industry.
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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.
Kering
Aditya Birla Management Corporation Private Limited
Frequently Asked Questions
Common questions about Renewcell's sustainability data and climate commitments