STOCK TITAN

Crocs Announces Industry Leading Sustainability Milestone as the Brand Reaches 25% Bio-Circular Croslite Material Across Its Entire Product Portfolio

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags

Crocs (NASDAQ: CROX) has achieved a significant sustainability milestone by incorporating 25% bio-circular content in its proprietary Croslite material, which accounts for over 80% of the company's total materials used. This advancement applies across Crocs' entire product portfolio, including the iconic Classic Clog, at no additional cost to consumers.

The company's innovative approach to sustainability involves using plant-based byproducts, such as cooking oil from the food industry, that would otherwise become waste. This method has led to a 3% reduction in absolute emissions in Crocs' overall carbon footprint and a 6.1% reduction in emissions per pair of Classic Clogs compared to its 2021 baseline.

Crocs aims to reach 50% bio-circular content in its Croslite material by 2030 and achieve Net Zero emissions by 2040. The company's focus on sustainability and circularity demonstrates its commitment to creating a more comfortable world for all while reducing its environmental impact.

Crocs (NASDAQ: CROX) ha raggiunto un importante traguardo di sostenibilità integrando il 25% di contenuto bio-circolare nel suo materiale proprietario Croslite, che rappresenta oltre l'80% dei materiali totali utilizzati dall'azienda. Questo progresso si applica all'intero portafoglio prodotti di Crocs, inclusi i suoi iconici Classic Clog, senza costi aggiuntivi per i consumatori.

Il metodo innovativo dell'azienda in materia di sostenibilità prevede l'utilizzo di sottoprodotti vegetali, come l'olio da cucina proveniente dall'industria alimentare, che altrimenti diventerebbero rifiuti. Questo approccio ha portato a una riduzione del 3% delle emissioni assolute nell'impronta di carbonio complessiva di Crocs e a una riduzione del 6,1% delle emissioni per paio di Classic Clogs rispetto alla base del 2021.

Crocs punta a raggiungere il 50% di contenuto bio-circolare nel suo materiale Croslite entro il 2030 e ad ottenere emissioni nette zero entro il 2040. L'attenzione dell'azienda sulla sostenibilità e la circolarità dimostra il suo impegno a creare un mondo più confortevole per tutti, riducendo al contempo il suo impatto ambientale.

Crocs (NASDAQ: CROX) ha logrado un importante hito en sostenibilidad al incorporar 25% de contenido bio-circular en su material propietario Croslite, que representa más del 80% de los materiales utilizados por la empresa. Este avance se aplica a toda la cartera de productos de Crocs, incluidos los icónicos Classic Clog, sin costo adicional para los consumidores.

El enfoque innovador de la empresa hacia la sostenibilidad implica el uso de subproductos vegetales, como el aceite de cocina de la industria alimentaria, que de otro modo se convertirían en desechos. Este método ha conducido a una reducción del 3% en las emisiones absolutas de la huella de carbono de Crocs y a una reducción del 6.1% en las emisiones por par de Classic Clogs en comparación con la línea base de 2021.

Crocs tiene como objetivo alcanzar 50% de contenido bio-circular en su material Croslite para 2030 y lograr cero emisiones netas para 2040. El enfoque de la empresa en sostenibilidad y circularidad demuestra su compromiso de crear un mundo más cómodo para todos mientras reduce su impacto ambiental.

Crocs (NASDAQ: CROX)는 25% 바이오 순환 소재를 자사의 독점 크로슬라이트 소재에 통합하여 중요한 지속 가능성 이정표를 달성했습니다. 이는 회사가 사용하는 전체 소재의 80% 이상을 차지합니다. 이 발전은 아이코닉한 클래식 클로그를 포함한 Crocs의 전체 제품 포트폴리오에 적용되며 소비자에게 추가 비용이 발생하지 않습니다.

회사의 혁신적인 지속 가능성 접근 방식은 음식 산업에서 나오는 식물성 부산물, 예를 들어 요리용 기름과 같은 것을 사용하는 것으로, 이는 버려질 수 있습니다. 이 방법으로 Crocs의 전반적인 탄소 발자국에서 3%의 절대 배출량 감소와 2021년 기준에 비해 클래식 클로그 한 켤레당 6.1%의 배출량 감소를 달성했습니다.

Crocs는 2030년까지 크로슬라이트 소재의 50% 바이오 순환 소재를 달성하고, 2040년까지 탄소 배출 제로를 목표로 하고 있습니다. 회사의 지속 가능성과 순환성에 대한 집중은 모든 사람을 위한 더 편안한 세상을 만들려는 의지를 보여주며, 환경에 미치는 영향도 줄이려는 노력의 일환입니다.

Crocs (NASDAQ: CROX) a atteint un jalon important en matière de durabilité en intégrant 25% de contenu bio-circulaire dans son matériau exclusif Croslite, qui représente plus de 80% des matériaux totaux utilisés par l'entreprise. Cette avancée s'applique à l'ensemble du portefeuille de produits de Crocs, y compris les classiques Classic Clog, sans coût supplémentaire pour les consommateurs.

L'approche innovante de l'entreprise en matière de durabilité consiste à utiliser des sous-produits d'origine végétale, comme l'huile de cuisson provenant de l'industrie alimentaire, qui autrement deviendraient des déchets. Cette méthode a conduit à une réduction de 3% des émissions absolues de l'empreinte carbone globale de Crocs et à une réduction de 6,1% des émissions par paire de Classic Clogs par rapport à la base de 2021.

Crocs vise à atteindre 50% de contenu bio-circulaire dans son matériel Croslite d'ici 2030 et à obtenir des émissions nettes nulles d'ici 2040. L'accent mis par l'entreprise sur la durabilité et la circularité démontre son engagement à créer un monde plus confortable pour tous tout en réduisant son impact environnemental.

Crocs (NASDAQ: CROX) hat einen wichtigen Meilenstein in der Nachhaltigkeit erreicht, indem es 25% biokreislaufenden Inhalts in sein proprietäres Croslite-Material integriert hat, das über 80% der insgesamt verwendeten Materialien des Unternehmens ausmacht. Dieser Fortschritt gilt für das gesamte Produktportfolio von Crocs, einschließlich des ikonischen Classic Clog, ohne zusätzliche Kosten für die Verbraucher.

Der innovative Ansatz des Unternehmens in Bezug auf Nachhaltigkeit umfasst die Verwendung pflanzlicher Nebenprodukte, wie z.B. Speiseöl aus der Lebensmittelindustrie, das andernfalls Abfall wäre. Diese Methode hat zu einer 3%igen Reduzierung der absoluten Emissionen im gesamten CO2-Fußabdruck von Crocs und zu einer 6,1%igen Reduzierung der Emissionen pro Paar Classic Clogs im Vergleich zu der Basis von 2021 geführt.

Crocs strebt an, bis 2030 50% biokreislaufende Inhalte in seinem Croslite-Material zu erreichen und bis 2040 Netto-Null-Emissionen zu erzielen. Der Fokus des Unternehmens auf Nachhaltigkeit und Kreislaufwirtschaft zeigt sein Engagement für die Schaffung einer komfortableren Welt für alle, während es gleichzeitig die Umweltauswirkungen reduziert.

Positive
  • None.
Negative
  • None.

Announcement underscores the brand's unique approach to circularity through using more sustainable materials and progress to 2030 bio-circular goal

BROOMFIELD, Colo., Sept. 5, 2024 /PRNewswire/ -- Crocs (NADSAQ: CROX), a global leader in innovative casual footwear for all, today announced it has reached 25% bio-circular content in its proprietary CrosliteTM material1. Croslite accounts for more than 80% of Crocs' total materials used across its portfolio of products, including the iconic Classic Clog. This marks the latest milestone in the brand's sustainability journey and innovative approach to reducing its carbon footprint through sustainable materials.

Crocs' unique approach to sustainable materials innovation means that consumers can expect the same Crocs – same style, same comfort, same durability, same price – now with even better materials. While many footwear brands take an approach of focusing on a singular sustainable product line or item that often comes at a premium, Crocs is proud to roll out bio-circular content across its portfolio of shoes at no additional charge.

"We believe that to truly make an impact, we can leverage our innovative mindset and drive sustainability transformation, starting with our most widely used materials," said Deanna Bratter, Chief Sustainability Officer, Crocs, Inc. "Sustainability should not be a tradeoff. Fans can feel confident that they are getting the same style and comfort they know and love from Crocs without having to make choices between comfort or better materials – we are giving them both and making it even easier to do good with each pair."

In recent years, Crocs has continued to accelerate the use of independent, third-party certified bio-circular content in Croslite material. Using bio-circular materials means that Crocs is taking plant-based byproducts that would have otherwise ended up as waste, like cooking oil from the food industry, to make its Croslite material. Doing so helps lower the brand's already low carbon footprint while still making the most comfortable shoes on the market. Bio-circular materials are less emissions-intensive than their virgin, fossil-fuel based counterparts.

In 2021, Crocs set a goal to reach 50% bio-circular content within its Croslite material by 2030. In just three years, the brand is on track to reach this goal, reaching 25% this August. As a direct result of this initiative, in 2023, Crocs saw a 3% reduction in absolute emissions in its overall company carbon footprint, as well as a 6.1% reduction in emissions per pair of Classic Clogs compared to its 2021 baseline.

"As part of our commitment to Create a More Comfortable World for All, the Crocs brand is making tremendous strides in bringing Comfort for the Planet through our Circularity and Climate ambitions," said Andrew Rees, CEO, Crocs, Inc. "It is incredibly exciting to see the significant and tangible progress we are making to reduce our carbon footprint and do better for the planet through innovation like the sourcing and incorporation of more sustainable materials across our products."

Sourcing materials that are more sustainable is a key piece of the journey in reducing emissions toward the company's goal of Net Zero by 2040. The brand is working to make a positive impact with its efforts related to circularity, including innovating materials and keeping products and materials in use for as long as possible.

To learn more about Crocs' efforts to incorporate bio-circular content into its Croslite materials, click here.

About Crocs, Inc.:
Crocs, Inc. (Nasdaq: CROX), headquartered in Broomfield, Colorado, is a world leader in innovative casual footwear for all, combining comfort and style with a value that consumers know and love. The Company's brands include Crocs and HEYDUDE, and its products are sold in more than 80 countries through wholesale and direct-to-consumer channels. For more information on Crocs, Inc. visit investors.crocs.com. To learn more about our brands, visit www.crocs.com or www.heydude.com. Individuals can also visit https://investors.crocs.com/news-and-events/ and follow both Crocs and HEYDUDE on their social platforms.

(1). The majority of our shoes are made with Croslite™ material (Croslite accounts for more than 80% of our total footwear materials use). We source repurposed bio-based waste from other industries (bio-circular materials) to produce bio-circular Croslite. Our current Croslite portfolio uses at least 25% bio-circular material sourcing calculated annually (since September 2023) through a mass balance approach (ISCC PLUS Certified).

PR Contact:
Sarah Pariseau, Crocs, Inc.
(702) 689-7805
spariseau@crocs.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/crocs-announces-industry-leading-sustainability-milestone-as-the-brand-reaches-25-bio-circular-croslite-material-across-its-entire-product-portfolio-302238718.html

SOURCE Crocs, Inc.

FAQ

What percentage of bio-circular content has Crocs (CROX) achieved in its Croslite material?

Crocs has achieved 25% bio-circular content in its proprietary Croslite material, which is used in over 80% of the company's products.

How has Crocs' (CROX) sustainability initiative affected its carbon footprint?

As a result of its sustainability initiatives, Crocs saw a 3% reduction in absolute emissions in its overall company carbon footprint and a 6.1% reduction in emissions per pair of Classic Clogs compared to its 2021 baseline.

What is Crocs' (CROX) goal for bio-circular content in its Croslite material by 2030?

Crocs aims to reach 50% bio-circular content in its Croslite material by 2030.

Has Crocs (CROX) increased prices due to the incorporation of bio-circular materials?

No, Crocs has rolled out bio-circular content across its portfolio of shoes at no additional charge to consumers.

What is Crocs' (CROX) long-term sustainability goal regarding emissions?

Crocs has set a goal to achieve Net Zero emissions by 2040.

Crocs, Inc.

NASDAQ:CROX

CROX Rankings

CROX Latest News

CROX Stock Data

8.37B
59.39M
2.84%
96.39%
8.87%
Footwear & Accessories
Rubber & Plastics Footwear
Link
United States of America
BROOMFIELD