Adidas Says More Than 60% of Products Will Be Made With Sustainable Materials in 2021
December 28 2020 - 6:35AM
Dow Jones News
By Dieter Holger
Adidas AG said more than 60% of its products will be made with
sustainable materials in 2021 as it expands its lineup of
eco-friendly apparel, building on a raft of green programs outlined
in recent years.
The German footwear and clothing maker said Monday that the
products will be made with materials including recycled polyester
and cotton certified by the Better Cotton Initiative, a nonprofit.
Adidas's share of recycled polyester has already reached above 60%,
and from 2024 the company aims to use only recycled polyester.
The "Primeblue" and "Primegreen" labels will mark products made
with recycled materials, the company said.
"We have continued to invest in sustainability initiatives
during the coronavirus pandemic and we will significantly expand
our range of sustainable products in 2021," Adidas Chief Executive
Kasper Rorsted said in prepared remarks. "We have worked with our
suppliers to create the structures that make it possible to process
recycled materials on a large scale.
Adidas added that it has teamed up with Finnish startup
Infinited Fiber Company Oy to research how to "transform used
clothes into a cotton-like material."
In September 2020, Adidas issued a 500 million-euro ($609.2
million) sustainability bond to fund recycled materials, renewable
energy and supporting underrepresented communities. Adidas said the
bond was five times oversubscribed by investors.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
December 28, 2020 06:20 ET (11:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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