- About Us
- For Commercial Companies
- Big Closets Small Planet
THE SCANDINAVIAN TEXTILE INITIATIVE FOR CLIMATE ACTION (STICA)
Progress Report 2024
THE SCANDINAVIAN TEXTILE INITIATIVE FOR CLIMATE ACTION (STICA)
Progress Report 2024
The 2024 Progress Report of STICA’s Company Climate Action Program has now been published and is available for download. This report presents individual company disclosures and aggregate data on the progress of signatory members’ Climate Action Transition Plans, based on emissions data from their most recent financial year. It also provides an analysis and general conclusions drawn by the Sustainable Fashion Academy (SFA).
For addional assets, view the Press Material section or visit our Press Room.
Michael Schragger, Initiative Co-founder & Director, STICA
STICA member companies continue to show climate leadership. However, even the most committed companies encounter significant obstacles. The most fundamental issue is the lack of sufficient financial incentives for climate action. Legislators and policy makers need to establish adequate financial rewards and penalties to motivate companies to accelerate decarbonization across the apparel value chain.
Report Highlights & Conclusions
38 members report that their emissions have decreased. 12 members report their emissions have increased. Five members have not seen any change in emissions.
58% of the companies report that they are on track to meet their Scope 3 targets, even though only 43% of the companies report that they have a Climate Transition Plan to prove it. This is important since 98% of all emissions are in the value chain (Scope 3). One-third of the companies have produced a Climate Transition Plan for Scope 3 and have started to implement this. 15% have not started at all.
Even though 62% of the companies report that they collect data directly from their suppliers, this data is often not verified. Lack of data or its low quality make it harder to identify cost-effective actions to reduce emissions among suppliers.
Based on the data in this report, SFA concludes the following:
This data has its strengths and weaknesses. To ensure more reliable and accurate reporting, supply chain traceability, transparency, and data quality need to be significantly improved.
Many company signatories participating in STICA’s Climate Action Program have come a long way in a relatively short time. It can also take time for climate actions and investments to yield results.
The progress of a significant number of STICA signatory members is still too slow. Companies have reported a number of challenges they are facing and suggested solutions, many of which require government action.
Shareholder and owner demands for short-term financial growth and the lack of sufficient financial incentives make absolute GHG emissions reductions challenging.
Smarter legislation is needed to ensure there are sufficient financial penalties for not reducing emissions and commensurate rewards for reducing emissions and transforming business models.
It is essential that stakeholders explore additional and/or different success indicators for the industry based on concepts such as well-being and sufficiency.
Stakeholder Voices
We asked representatives from a selected group of stakeholders for their perspectives on the 2024 Report content, suggestions on what could be improved, as well as their view on what implications the report has for climate action in the apparel industry.
Anette Andersson, Sr. Sustainability Investment Specialist, Skandinaviska Enskilda Banken (SEB)
Lars Fogh Mortensen, Expert, textiles and circular economy, European Environment Agency (EEA)
Elin Larsson, Director of Market & Finance, World Wildlife Fund for Nature (WWF) Sweden
Anna-Karin Sundelius, Senior Policy Advisor for Textiles, Sustainable Consumption, Swedish Society for Nature Conservation (SSNC)
Laura Väyrynen, Programme Manager, Environmental Transparency, Environmental Coalition on Standards (ECOS)
