GREENSBORO, N.C. — February 28, 2024 — UNIFI Inc. (together with its consolidated subsidiaries, UNIFI), maker of REPREVE, today released its Sustainability Snapshot for FY2023. The snapshot shares impactful updates on UNIFI’s innovative sustainability mission, waste reduction achievements, and future goals. With its release, UNIFI debuted its pioneering T-shirt equivalent metric and set an ambitious textile-to-textile recycling target to transform the equivalent of 1.5 billion T-shirts worth of textile and yarn waste into new products by FY2030.
“Our fourth annual sustainability publication showcases UNIFI’s continuous progress and ongoing commitment to setting and exceeding new sustainability goals,” said Eddie Ingle, CEO of Unifi. “In 2023, we made significant strides in recycling volume, waste reduction, and strategy refinement. We look forward to building upon our goal of making waste useful at UNIFI.”
UNIFI’s FY2023 Sustainability Snapshot highlights include:
- Committed to transforming the equivalent of 1.5 billion T-shirts worth of textile and yarn waste by FY2030, effectively doubling the company’s achievement of 750 million T-shirt equivalents through FY2023;
- Set goal of 30-percent reduction in Scopes 1 and 2 greenhouse gas (GHG) emissions intensity by FY2030**;
- Pledged to achieve zero non-compliant water discharges annually according to local, state, and national regulations or permitting;
- Reiterated the commitment to divert 50 billion landfill-bound plastic bottles by December 2025 and announced reaching a milestone of 38 billion bottles in FY2023;
- Reaffirmed its commitment to REPREVE Fiber comprising a significant portion of FY2025 revenue and shared 30 percent FY2023 revenue progress metric;
- Reduced landfill waste by 93 percent in the past year at its Central American production site; and
- Reduced landfill waste by 55 percent in the past year at its Brazilian production site.
UNIFI’s FY2023 Sustainability Snapshot builds upon the disclosures shared in FY2022 and underscores the Company’s commitment to transparency. The Snapshot has been guided by the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks.
More information on UNIFI’s commitment to sustainable business practices and progress can be found in the full snapshot. https://investor.unifi.com/static-files/ac4d87dc-5d38-4322-a23e-059f14e07b3e
*“T-shirt equivalents” refers to the weight of material equal to that of a single polyester T-shirt.
**Scope 1 reflects direct GHG emissions from owned or controlled sources and Scope 2 reflects indirect GHG emissions from purchased electricity. “Intensity” refers to the normalization of our Scopes 1 and 2 GHG emissions against the revenue for our
Americas and Brazil business segments.
Posted: March 2, 2024
Source: UNIFI Inc.
