UNIFI®, Makers of REPREVE®, Publishes New Sustainability Report - Company Aims to Transform 50 Billion Plastic Bottles by 2025
February 22 2023 - 9:00AM
Business Wire
Report highlights progress against ESG
considerations and alignment with Company strategy
Unifi, Inc. (NYSE: UFI) (together with its consolidated
subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s
leading innovators in recycled and synthetic yarns, today released
its Sustainability Report for fiscal 2022. The Report provides
expanded insight into UNIFI’s industry leading sustainability
strategy and the Company’s responsible approach to creating
long-term value for its stakeholders. In tandem with the report's
release, UNIFI reiterated its ambitious commitment to divert and
transform 50 billion landfill-bound plastic bottles by 2025.
“The publication of our third annual sustainability report is an
important milestone for UNIFI’s ESG journey," said Eddie Ingle,
Chief Executive Officer of Unifi, Inc. “Over the past year, we’ve
made strides in our focus on environmental, social, and governance
responsibility. At UNIFI, we are working today for the good of
tomorrow and our focus will always be forward.”
The report details progress on UNIFI’s corporate and
sustainability strategy organized under three pillars: people,
planet, and product. Notable highlights include:
- Reiterated its commitment to divert 50 billion landfill-bound
bottles by December of 2025
- Surpassed the goal of diverting 30 billion landfill-bound
bottles by 5 billion – totaling more than 35 billion bottles
successfully diverted to date
- Achieved a 19% reduction in carbon emissions per revenue
dollar*
- Achieved a 14% reduction in the total pounds of waste produced
per revenue dollar*
- Committed to new, innovative texturing technology with a
benefit of 20% energy savings per pound of product produced
- Expanded certification abilities to deliver increased
transparency and traceability to the product level
- Announced a commitment to expand innovative product offerings
and circular processes on a global scale
UNIFI’s 2022 Sustainability Report builds upon the disclosures
shared in fiscal 2021 and reaffirms the Company’s commitment to
transparency. Except where otherwise noted, the Report has been
guided by the GRI and SASB frameworks.
More information on UNIFI’s commitment to sustainable business
practice and progress can be found in the full Report
here.
*Production volume decreased from FY2021 to FY2022
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 35 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230222005049/en/
Media Contact: Sarah Wegrzynski Factory PR (212) 941-9394
repreve@factorypr.com
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