Puma finalises environmental profit and loss
Puma has added £44 million more to the value of its environmental impacts in 2010, as the sports goods firm completes its ground-breaking environmental profit and loss (EP&L) statement.
In May, the company valued its greenhouse-gas emissions and water consumption at £81 million, bringing the overall value of its environmental impacts in 2010 to £124 million.
The latest figures relate to land use change for the production of raw materials, and air pollution and waste along Puma’s value chain.
The EP&L reveals that only £7 million of the total derives from Puma’s core operations, such as offices, warehouses, stores and logistics, with the rest coming from its supply chain.
The company plans to use the first EP&L account as a benchmark for mitigating its environmental footprint.
“We view the EP&L as an essential tool to help drive sustainability development across the group, because analysing a company’s environmental impact, and understanding where environmental measures are necessary, will not only help conserve the benefits of ecosystem services but also ensure the longevity of our business,” said Jochen Zeitz, chair of Puma.