Peak Performance has announced that it will participate in the “Swedish Textile Initiative for Climate Action” (STICA), together with the Swedish fashion chains H&M and KappAhl, undertaking to reduce their climate impact by at least 30 percent by 2030. STICA invites other Swedish textile companies of all sizes to join this collaborative initiative in order to reduce their greenhouse gas emissions and drive industry innovation.
No time to delay
Peak Performance, KappAhl, H&M, and Sustainable Fashion Academy initiated “The Swedish Textile Initiative for Climate Action” (STICA), in line with the United Nations “Fashion Industry Charter on Climate Action. The purpose of STICA is to support the Swedish fashion and textile industry in its efforts to reduce its climate impact and stimulate industry innovation. To achieve this, STICA is creating a platform for knowledge sharing, collaboration and reporting. The initiative’s vision is that the Sweden’s fashion and textile industry shall lead the way and be climate-positive well before 2050.
STICA invites other Swedish fashion and textile companies of all sizes, as well as industry associations and NGO’s that can serve as supporting partners, to join the initiative. STICA’s first task will be to assess the climate impact of its members and, on the basis of this, create action plans where members work together to share knowledge and implement solutions. STICA will also report on progress in order to allow all stakeholders to follow developments.
”At Peak Performance we don’t just talk sustainability, we act on it. This network is all about climate action, real results and industry innovation. There is no time to delay. Join us and together we will amplify our impact while also ensuring our companies are prepared to succeed in this new business reality”, says Åsa Andersson, CR & Quality Manager at Peak Performance.
Combating global warming throughout the value chain
The purpose of STICA is to ensure the Swedish apparel and textiles industry reduces its greenhouse gas emissions in line with a 1,5 C warming pathway as stipulated by the IPCC, while also becoming the leader in climate friendly solutions for the global apparel and textiles industry. This will be done by measuring and reporting on progress as well as collaborating with key stakeholders to develop solutions to combat global warming throughout the value chain.
Supporting the goals of the Paris Agreement
The Signatories to the UNFCCC Fashion Industry Charter on Climate Action support the goals of the Paris Agreement in limiting global temperature rise by committing to a 30 per cent aggregate GHG emission reductions in scope 1, 2 and 3 of the Greenhouse Gas Protocol Corporate Standard by 2030 against a baseline of no earlier than 2015. Signatories pledge to work together and with key industry stakeholders to develop solutions to achieve this.
Industry-wide cooperation required
A recent analysis from Quantis International calculates that the combined the global apparel and footwear industries account for eight (8) per cent of the world’s greenhouse gases.
Another study conducted by Naturvårdsverket (the Swedish Environmental Protection Agency) shows that climate emissions from Swedish textile consumption have increased by 27 per cent in the past seven years.
A majority of the industry’s GHG emissions are generated within raw material production, supply chain processing and assembly and in customer product care and end of life disposal. Because these impacts are outside the direct control of any single company, all actors need to work together – brands and retailers, suppliers, financial organizations, governments and consumers, to develop solutions that reduce greenhouse gases significantly.