Parachute has invested in projects outside of its value chain to compensate for all of its measured carbon emissions. This step supports its climate neutrality designation and enables Parachute to take responsibility for historical emissions that can’t be reduced. The emissions measured were established in the Climate Neutral standards. Parachute has purchased carbon credits to offset its impact from 2021; these credits will benefit four organizations that focus on reforestation and biodiversity. These organizations have been selected by Climate Neutral as verified carbon credits.
With the Climate Neutral certification, Parachute will be setting annual reduction goals that ladder up to its total sustainability strategy, all with the aim to reduce total emissions within its own operations and supply chain.
Below are its long-term goals:
- Transition to 100% organic cotton by 2024 to reduce emissions. The progress will be validated through an internal material consumption tool.
- Reduce frequency of air freight by maintaining >98% combined ocean and land transportation and implementing an internal approval process tying carbon emissions to the cost of air shipment.
- Reduce Scope 1 by 50%, Scope 2 by 50% and Scope 3 by 30% by 2030 based on 2021 emissions.
Why This Matters
The Climate Neutral Certified label has universal meaning, and clearly communicates Parachute’s commitment toward climate. There has been a 71% rise in online searches for sustainable goods globally (source). Parachute is leading the way with its approach to conscious consumption.
Parachute’s transition to organic cotton could be a gamechanger in the home industry – lowering the production impact of one of the world’s most popular (and comfortable) fabrics.
- Organic cotton has a lower impact on the environment than regular cotton, as it produces less CO2 and uses less water to grow – and no harsh chemicals, fertilizers or pesticides are used to produce it.
- Organic cotton produces up to 94% less greenhouse gas emissions than conventional cotton, and uses less energy and water.
- Parachute projects that cotton will represent over 50% of its raw material consumption in 2022.
- Parachute introduced its First Collection Made from Organic Cotton earlier this year.