New Balance Athletics is a leading American footwear company that specializes in athletic footwear. Founded in 1906, the company has grown to become one of the most respected and recognizable brands in the industry, with a reputation for quality, innovation, and sustainability. New Balance has always been committed to reducing its environmental impact and has made significant strides in recent years towards decarbonisation and the use of renewable energy.
One of the key ways that New Balance has focused on reducing its carbon footprint is through corporate energy management. The company has implemented a comprehensive energy management program that includes energy audits, energy-efficient lighting, and HVAC upgrades, and employee training to reduce energy consumption. By reducing energy usage, New Balance has been able to significantly reduce its greenhouse gas emissions and save money on energy costs.
Another way that New Balance has focused on decarbonisation is through the use of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider that guarantee a fixed price for renewable energy over a set period of time. New Balance has signed several PPAs with wind and solar energy providers, which has helped the company to reduce its reliance on fossil fuels and transition to cleaner, renewable energy sources.
In addition to PPAs, New Balance has also invested in on-site renewable energy projects, such as solar panels and wind turbines. The company has installed solar panels on the roofs of several of its facilities, which has helped to reduce its reliance on grid electricity and lower its carbon footprint. New Balance has also installed wind turbines at some of its manufacturing facilities, which has helped to further reduce its greenhouse gas emissions and increase its use of renewable energy.
New Balance has also focused on reducing its carbon footprint through sustainable manufacturing practices. The company has implemented a number of initiatives to reduce waste, conserve water, and minimize its use of harmful chemicals. For example, New Balance has implemented a closed-loop water system at its Lawrence, Massachusetts manufacturing facility, which recycles and reuses water in the manufacturing process. The company has also eliminated the use of PVC in its products and has reduced its use of solvents and other harmful chemicals.
New Balance has also made a commitment to using sustainable materials in its products. The company has developed a number of eco-friendly materials, such as recycled polyester and organic cotton, which are used in its products. New Balance has also implemented a product take-back program, which allows customers to return their used shoes to the company for recycling.
Overall, New Balance Athletics is a company that is committed to sustainability and reducing its environmental impact. Through its focus on decarbonisation, corporate energy management, corporate PPAs, and renewable energy, the company has made significant strides towards reducing its greenhouse gas emissions and transitioning to cleaner, more sustainable energy sources. New Balance's commitment to sustainability is not only good for the environment, but it also helps to create a more sustainable future for the company and its customers.