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Coats commits to a long-term target for net-zero emissions by 2050

YarnsandFibers News Bureau 2021-02-10 18:05:16 – India

A leading industrial thread company, Coats has set emission reduction targets across its entire system to reduce global warming at the pre-industrial level. Under its Science Based Target initiative(SBTi) it has long-term commitments to reach net-zero emissions by 2050. 

Coats' Group Chief Executive, Rajiv Sharma affirms Coats' purpose for setting ambitious targets in the sustainability sector; to become a role model for the industry and build solutions for the emissions to tackle climate change. Coats is joining hands with the leading companies sharing a similar vision for setting net-zero emissions future. The businesses involved in science-based targets have been given a module to follow to reduce greenhouse gas emissions and grow as a future proof business.

This collaboration is between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). In 2019, it launched a strategy with a list of ambitions to achieve till January 2021 which mainly focused on five areas to move towards a sustainable future. Coats joined the SBTi following on from it joining the Ellen MacArthur Foundation in January 2021. It has also identified the most relevant UN Sustainable Development Goals (SDGs) to its business operations and will continue to ensure that its activities are contributing towards the achievement of its sustainability goals.

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