{"id":25970,"date":"2024-06-10T15:36:13","date_gmt":"2024-06-10T10:06:13","guid":{"rendered":"https:\/\/coats.com\/?post_type=news_post_type&#038;p=25970"},"modified":"2024-07-05T15:06:26","modified_gmt":"2024-07-05T09:36:26","slug":"europe-climate-leaders","status":"publish","type":"news_post_type","link":"https:\/\/www.coats.com\/en\/news\/2024\/06\/europe-climate-leaders\/","title":{"rendered":"Coats recognised as one of Europe\u2019s climate leaders"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p class=\"intro\">Coats Group plc, the world\u2019s leading manufacturer in thread and structural components for apparel and footwear and an innovative pioneer in performance materials, has been included in the &#8220;Europe&#8217;s Climate Leaders&#8221; list by the Financial Times and Statista. The list acknowledges European companies that have demonstrated a significant reduction in their core emissions intensity.<\/p>\n<p>This accolade is based on Coats\u2019 substantial progress in reducing Scope 1 and 2 greenhouse gas emissions in relation to its revenue, as well as its transparency in reporting Scope 3 emissions that occur within the company\u2019s value chains.<\/p>\n<p>&#8220;Our inclusion in the \u2018Europe\u2019s Climate Leaders\u2019 list is a reflection of our ongoing commitment to reducing emissions and enhancing sustainability,&#8221; said Chris Dearing, Group Sustainability Director. &#8220;This recognition underscores our achievements and motivates us to continue striving towards our net-zero targets.&#8221;<\/p>\n<p>In 2023, Coats reported a significant reduction in absolute Scope 1 and 2 emissions. The company has made considerable progress in decarbonising its Scope 2 energy, dropping Scopes 1 &amp; 2 emissions intensity on a like-for-like basis by 29% compared to 2022. The percentage of sustainable materials used in Coats products has increased from 25% to 29%.<\/p>\n<p>The Science Based Targets initiative also recently determined that Coats\u2019 long-term targets are aligned with its 1.5\u00b0C mitigation pathways for reaching net-zero by 2050 or sooner and officially validated them.<\/p>\n<p style=\"font-weight: bold;\">ENDS<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coats Group plc has been included in the &#8220;Europe&#8217;s Climate Leaders&#8221; list by the Financial Times and Statista.<\/p>\n","protected":false},"featured_media":25971,"template":"","news-type":[149],"class_list":["post-25970","news_post_type","type-news_post_type","status-publish","has-post-thumbnail","hentry","news-type-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.2 (Yoast SEO v25.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coats recognised as one of Europe\u2019s climate leaders | Coats 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