GERMANY: Puma seeks lower taxes on synthetics in green push
Puma chairman Jochen Zeitz has called on governments to reduce import duties on synthetic materials in an effort to to encourage companies to switch to making greener shoes and clothing.
The call came as the PPR-owned sportswear brand revealed its Product Environmental Profit and Loss analysis found that the environmental impact of its biodegradable InCycle Basket shoe was 31% less than its conventionally manufactured Puma Suede shoe.
However, the EUR95 (US$123) price of the Incycle Basket was EUR10 higher than the conventionally manufactured shoe, partly because import duties on the biodegradable plastic used in it were much higher than for less environmentally friendly leather.
Zeitz called on governments to "start supporting companies to use more sustainable materials in their products instead of continuing with antiquated incentives, such as import duties on synthetic materials that are in principle much higher compared with those placed on leather goods regardless of the environmental footprint".
He said that if Puma switched all of its key suede footwear styles from being made of leather to being made from a high-end sustainable recycled material, Puma would face "additional costs of at least EUR3.4m in duty rates a year".
The company's product environmental profit and loss account is working to help the company understand whether its efforts to be more a more sustainable company and develop more sustainable products are making a positive difference.
The company said that its biodegradable InCycle T-Shirt also generates a 31% lower environmental cost, through the use of organic cotton, and because it is 100% compostable at the end of life. It also causes 26% less environmental cost from waste due to the more sustainable packaging it is wrapped in, as well as because it is not dyed.
"Just as the calorie and nutrition information table on your cereal box helps you compare the dietary impacts of one breakfast choice to another, our new Puma Product E P&L helps you to judge whether one shoe or shirt is more environmentally-friendly than another," said Zeitz.
"Our job is not only to lessen the impact our products have on the environment, but also to engage our customers and help them make better and more sustainable choices for the benefit of our planet."
French luxury group Kering has closed the sale of its Vertbaudet and Cyrillus children and family clothing brands to the Alpha Private Equity Fund 6 for EUR119m (US$153.9m)....
French luxury group PPR, which will be renamed Kering in June, has acquired French crocodile skin company France Croco. ...
French apparel group PPR is changing its name to Kering as it looks to position itself as a luxury and sportswear business....
Textile technology specialist Celliant is partnering with sportswear business Puma to incorporate its mineral fibre technology into the German company's Usain Bolt athletic apparel range....
French apparel and luxury group PPR is reportedly considering changing its name to Kering as it looks to focus on its luxury and sportswear businesses....
PPR's Redcats division has entered an agreement to sell its apparel and homeware brands Ellos and Jotex to Nordic Capital Fund VII for EUR275m (US$365m). ...
The most read stories on just-style this week include an analysis on the challenges of closing the loop in the apparel supply chain, a shift in Chinese cotton yarn orders from Pakistan to India, and t...
- Why should brands care about China cotton?
- New Gap CEO set to tackle “aesthetic issue”
- China cotton: implications and opportunities
- Low labour cost countries linked to highest risks
- Falling euro adds to Bangladesh production woes
- M&S Asia head quits as China stores to close
- JC Penney share price falls on Q4 loss
- Gap names new design head amid mixed Q4
- Pay rise mulled for Sri Lanka garment workers
- Delta Galil open to M&A as profit grows
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Outdoor performance apparel: peaks, valleys, and green fields
- Global market review of swimwear - forecasts to 2019
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead