UNIFI®, Makers of REPREVE®, Announces Seventh Annual Champions of Sustainability Award Winners

Rhea-AI Summary

UNIFI (NYSE: UFI), renowned for its innovative recycled and synthetic yarns, announced the winners of its seventh annual REPREVE Champions of Sustainability Awards. These awards honor global brands and partners like NIKE and Inditex for recycling over 40 billion plastic bottles into new products through REPREVE.

NIKE and Rothy's received the Milestone Award for transforming 3+ billion and 100+ million bottles, respectively. Under Armour and Lovesac earned Special Recognition Awards for their contributions to performance wear and home furnishings. Inditex was awarded the Global Brand Award for recycling 360+ million bottles, while Serta Simmons Bedding was named Rising Star for its sustainable bedding efforts.

The 2024 awards will honor 37 brand partners and 64 textile partners for significant contributions to sustainability. UNIFI's CEO, Eddie Ingle, emphasized the importance of partnership in driving environmental responsibility and innovation.

Positive

• UNIFI has recycled over 40 billion plastic bottles through its REPREVE initiative.
• NIKE has transformed over 3 billion bottles into new products.
• Rothy’s has recycled over 100 million plastic bottles.
• Under Armour has recycled 165+ million bottles for sustainable performance wear.
• Lovesac has transformed 80+ million bottles in the home furnishings industry.
• Inditex has repurposed 360+ million bottles into REPREVE fibers and yarns.
• Serta Simmons Bedding is recognized for its widespread use of REPREVE in bedding.
• UNIFI partners with 37 brand and 64 textile partners for sustainability efforts.

Negative

• No direct financial metrics or revenue figures provided in the PR.
• PR lacks information on potential impacts on UNIFI's stock performance.
• No mention of new business developments or financial projections.

Global brand, textile, and retail partners, such as NIKE and Inditex, receive honors for their sustainability efforts

GREENSBORO, N.C.--(BUSINESS WIRE)-- UNIFI, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, “UNIFI”), the makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today announced its seventh annual REPREVE Champions of Sustainability Award recipients. These annual awards celebrate the industry pioneers who have recycled over 40 billion plastic bottles into new products through REPREVE.

UNIFI applauds the following partners as leading stewards of sustainability:

• NIKE and Rothy’s^® are recognized with the Milestone Award for having respectively transformed 3+ billion and 100+ million post-consumer plastic bottles through the use of REPREVE
• Under Armour^® is honored with a Special Recognition Award for its commitment to REPREVE in the sustainable performance wear space by recycling 165+ million post-consumer plastic bottles
• Lovesac is honored with a Special Recognition Award as a sustainable leader in the home furnishings industry, having transformed 80+ million post-consumer plastic bottles
• Inditex received the Global Brand Award for giving second lives to 360+ million post-consumer plastic bottles through REPREVE fibers and yarns
• Serta Simmons Bedding (SSB) is recognized as a Rising Star for its widespread use of REPREVE® in sustainable bedding

“Our partners share our vision for a brighter, better, more sustainable future,” said Eddie Ingle, Chief Executive Officer of UNIFI, Inc. “We are very pleased to celebrate the 2024 REPREVE Champions of Sustainability who lead their respective industries forward with their commitment to environmental responsibility. UNIFI looks forward to continued innovation and positive impact alongside our extraordinary partners.”

Since 1971, UNIFI has spearheaded textile industry innovation. With the 2007 inception of REPREVE, the Company has recycled over 40 billion plastic bottles into recycled fiber for new apparel, footwear, home goods, and other consumer products. By giving discarded resources fresh purpose as recycled high-performance materials, UNIFI empowers brands to be better and encourages people to want better.

The 2024 REPREVE Champions of Sustainability awards will be presented to 37 brand and retail partners that have transformed 10 million or more recycled plastic bottles and 64 textile partners that have transformed 50 million or more recycled plastic bottles through the use of REPREVE performance fibers.

“Partnership is the bedrock of progress,” said Chad Bolick, Vice President of Brand Sales. “Our brand partners help us create a better tomorrow by making sustainable choices today with REPREVE^® recycled fiber. Together, we are evolving industry standards and inspiring transformation.”

A full list of the 2024 REPREVE Champions of Sustainability honorees is available by visiting repreve.com/champions-of-sustainability. For more information on UNIFI, the makers of REPREVE, please visit www.unifi.com.

About UNIFI, Inc.

UNIFI, Inc. (NYSE: UFI) is a global textile solutions provider and one of the world's leading innovators in manufacturing synthetic and recycled performance fibers. Through REPREVE^®, one of UNIFI's proprietary technologies and the global leader in branded recycled performance fibers, UNIFI has transformed more than 40 billion plastic bottles into recycled fiber for new apparel, footwear, home goods, and other consumer products. UNIFI continually innovates technologies to meet consumer needs in moisture management, thermal regulation, antimicrobial protection, UV protection, stretch, water resistance, and enhanced softness. UNIFI collaborates with many of the world's most influential brands in the sports apparel, fashion, home, automotive, and other industries. For more information about UNIFI, visit www.unifi.com.

About REPREVE^®

Made by UNIFI, Inc. (NYSE: UFI), REPREVE^® is the global leader in recycled performance fibers. Leveraging its proprietary regeneration technology, REPREVE^® has transformed more than 40 billion plastic bottles into recycled fiber that is trusted by leading brands to power sustainable consumer goods worldwide. REPREVE^® offers advanced fiber technology that delivers enhanced comfort, greater performance, superior durability, thermal regulation, and more. As the only eco-performance fiber with U TRUST^® product verification to certify transparency and traceability, REPREVE^® empowers brands and consumers to champion sustainability. As a catalyst for change, REPREVE^® is committed to leading the global shift towards a more sustainable future by innovating today. For more information about REPREVE^®, visit www.repreve.com.

REPREVE^® is a trademark of UNIFI, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240516205425/en/

Factory PR

repreve@factorypr.com

Source: UNIFI, Inc.

FAQ

What is the REPREVE Champions of Sustainability Award?

The REPREVE Champions of Sustainability Award honors partners that have significantly contributed to recycling plastic bottles into new products using REPREVE fibers.

Which companies received the Milestone Award in 2024?

NIKE and Rothy's received the Milestone Award for transforming 3+ billion and 100+ million plastic bottles, respectively.

How many plastic bottles has UNIFI recycled through REPREVE?

UNIFI has recycled over 40 billion plastic bottles through its REPREVE initiative.

What recognition did Under Armour receive in the 2024 REPREVE Awards?

Under Armour received a Special Recognition Award for recycling 165+ million plastic bottles in sustainable performance wear.

Why was Inditex awarded the Global Brand Award?

Inditex was awarded the Global Brand Award for recycling 360+ million post-consumer plastic bottles into REPREVE fibers and yarns.

Who is named the Rising Star in the 2024 REPREVE Awards?

Serta Simmons Bedding was named Rising Star for its extensive use of REPREVE in sustainable bedding.