Under Armour agrees to develop sustainability plan

Under Armour announced March 12 new energy efficiency and renewable energy goals in response to questions raised by investors in a New York pension fund.

 

Under Armour agrees to develop sustainability plan

Under Armour announced March 12 new energy efficiency and renewable energy goals in response to questions raised by investors in a New York pension fund.

Under Armour announced March 12 new energy efficiency and renewable energy goals in response to questions raised by investors in a New York pension fund.

The Baltimore-based athletic apparel maker released its sustainability report with these proposals after rival Nike announced its goal to reach 100% renewable energy, the Baltimore Sun reported. Under Armour plans for its climate change policy, mitigation strategies and feasibility of adopting company-wide energy efficiency goals will be addressed in its trustee update next year.

The pension fund addressed Under Armour’s previous lack of specific renewable energy or energy efficiency plans in a proposed shareholder resolution.

As such, Under Armour lags behind its many peers in the fashion and apparel industry who have already committed to 100% renewable energy,” the resolution stated, according to the Baltimore Sun.

In response to these questions from investors, the company agreed to give a status update on its efficiency strategy to the fund’s trustee within a year.

The newspaper also reported that Under Armour has implemented sustainability efforts in their clothing production process, including using a brand of fiber from recycled plastic bottles and using virtual, three-dimensional images rendered via computers for product samples.

The brand has a goal of increasing the use of recycled polyester for certain products by 15% by 2020.

“Under Armour aims for a strategic climate change approach that addresses our material impact and meets external stakeholder expectations,” Michael Levine, Under Armour’s vice president of sustainability, wrote in a Feb. 20 letter to the New York comptroller’s office.

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