ESG Today writes that Scope 3 emissions will be reduced by 25% by 2030, as per company officials, while other companies in the fashion industry dropped Scope 3 emissions reduction due to technical difficulties. This is because for the Scope 3 emissions, a company has to rely entirely on its suppliers, which have to reduce their CO2 output.

Scope 1 and 2 emissions, easier to manage, since they are mostly in control of the firm, are to be reduced by 50% by the next decade. The LYCRA Company was created following World War II as an entity that developed synthetic fibers in order to replace organic materials, due to supply shortages.

Recently, it started producing sustainable materials for the fashion industry, including pre and post-consumption recycled fibers, to contribute to a more circular economy approach.

Gary Smith, The LYCRA Company’s CEO, said that "we are committed to making positive change in our industry and have set ambitious emission targets because we believe it’s essential for business success, but more importantly, it’s the right thing to do. By making these changes, we can help reduce not only our emissions but those of our customers as well."

For Scope 1 emissions, company officials say that they will start implementing low-carbon energy sources at its own facilities, while for Scope 3, it will work with suppliers to develop and implement low-carbon alternatives.