Interloop GHG Reduction Targets Validated by STBi
Interloop’s emitting more greenhouse gases now than five years ago, but it’s also reducing more emissions than ever before.
As such, the vertically integrated supplier announced Science Based Targets initiative (STBi) validation on its greenhouse gas (GHG) emissions reduction targets, and is the first large-scale business in Pakistan to do so.
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This includes a 51 percent reduction in direct emissions (Scope 1), indirect emissions (Scope 2) in line with the 1.5 °C pathway, and a 30 percent reduction in emissions along its value chain (Scope 3) by 2032. As a founding member of Net Zero Pakistan—a national collaboration among the private sector, public institutions and sectoral experts—Interloop aims to reach net zero carbon for Pakistan by 2050.
“We have significantly ramped up our investment in clean energy and continuous process improvement to reach our targets,” Navid Fazil, CEO of Interloop, said. “With rigorous emissions tracking and transparent reporting, we are determined to confront challenges head-on and make substantial progress along the way.”
This news comes as well as other initiatives put into place by Interloop, including eight MW renewable energy installation, three LEED-certified manufacturing plants and Interloop Organic Kapas IC1 certification.
But the full family clothing supplier didn’t reach all of its goals, however.
“As we review the year, we missed a few of our targets while exceeding many others,” Fazil said in Interloop’s 2022 sustainability report. “One thing that remains consistent is our drive to measure and transparently report our impact.”
Interloop’s 2022 target for GHG emissions was a 10 percent reduction. It achieved a 1.35 percent reduction. In 2018, Interloop produced just over 120,000 tons of GHG in Scope 1 emissions and roughly 7,500 in Scope 2 emissions. In 2022, it produced nearly 125,000 tons in Scope 1 and almost 20,000 in Scope 2. But, it reduced approximately 25,000 tons of Scope 1 GHG emissions, compared to just over 16,000 tons in 2018.
The Pakistan-based supplier also aimed to reduce water consumption by 5 percent, falling short of that goal at 2.8 percent. Interloop did, however, exceed its percentage of material procured being sustainable with a goal of 55 percent and an achievement of 70 percent, and it met its goal of diverting 50 percent of solid waste from landfills.
“As we adopt cleaner technologies and reduce our energy requirements, we are also working on scaling our efforts industry wide,” Fazil said in the report. “Looking ahead, we will continue to build on our progress and lead the industry in responsible manufacturing.”
