Admittedly, it’s been helped by lower production levels caused by continued destocking in the textile supply chain, but Coats’ absolute Scope 1 and 2 emissions dropped “significantly”, during 2023.It has also made “considerable progress” in decarbonising its Scope 2 energy, dropping Scopes 1&2 emissions intensity on a like-for-like basis compared to 2022 by 29%.

Meanwhile, the percentage of sustainable materials used in Coats products has increased from 25% to 30%.On the health & wellbeing, diversity & inclusion and appreciation fronts, Coats said it continues to provide “fair pay and an attractive employment proposition [resulting] in continued high-level employee engagement”. In 2023, 87% of Coats workplaces worldwide have received a ‘Great Place to Work’ (GPTW) certification. It has also been included in the list of the top 25 ‘World’s Best Workplaces’ by Fortune and GPTW as one of only two listed UK companies, it noted.Chris Dearing, Group Sustainability Director, said: “Sustainability is an integral part of all decision-making at Coats. Our five-pillar strategy framework consisting of Energy, Materials, Water, Waste and People will continue to be our main focus for targeted actions to drive momentum in our journey to achieve net-zero emissions in our value chain by 2050.”Coats’ next chapter medium-term targets for 2030 (from a 2019 baseline) include: 46.2% reduction in Scopes 1 & 2 emissions; 100% renewable electricity; 33% reduction in Scope 3 emissions; plus further transformational targets such as zero products from virgin oil-based materials, 70% of total energy from renewable sources, circular product and packaging solutions, and increased positive social impact.