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Footwear manufacturers should engage in carbon accounting to enhance sustainability, comply with regulations, and improve their market reputation.
Carbon accounting enables footwear companies to effectively measure and manage their greenhouse gas (GHG) emissions, which is crucial given the industry's reliance on energy-intensive processes and materials. By quantifying emissions, manufacturers can identify high-impact areas within their operations and supply chains, allowing for targeted strategies to reduce their carbon footprint. This proactive approach supports both environmental sustainability and operational efficiency, potentially leading to cost savings through reduced energy use and waste minimisation.
Regulatory compliance is becoming increasingly critical as strict climate policies emerge globally, and footwear manufacturers face growing pressure to disclose their climate-related performance. Conducting thorough carbon accounting helps companies meet the European Sustainability Reporting Standards (ESRS) and similar regulations, thereby avoiding legal penalties and ensuring the continuity of their operations. Moreover, adherence to these standards enhances a company's credibility and appeal to investors and consumers prioritising sustainability.
Transparent carbon accounting also builds trust with stakeholders, differentiating footwear brands in a competitive market increasingly leaning towards sustainability. As consumers and investors demand greater environmental accountability, providing clear and honest reports on carbon emissions boosts a brand’s image and strengthens relationships with these key groups. This commitment to transparency not only ensures preparedness for future regulations but also aligns with the wider global shift towards sustainable business practices.
Implementing carbon accounting software offers footwear manufacturers the advantage of precise and efficient management of their environmental impact.
For footwear manufacturers, automating carbon measurement through specialised software enhances accuracy and reduces the labour involved in monitoring emissions across complex supply chains. With the diverse materials and production methods involved in making shoes—from leather to synthetic materials—this technology integrates various data points, ensuring comprehensive carbon audits. Consequently, it minimises the risk of human errors and provides manufacturers with real-time insights critical for sustainable decision-making.
Moreover, the adoption of carbon accounting software supports footwear manufacturers in staying compliant with stringent global environmental standards and regulations. By aligning with frameworks such as the GHG Protocol, businesses can ensure they meet legal requirements, avoid potential fines, and maintain a reputable market standing. Accurate reporting not only aids in transparency but also bolsters trust among consumers and investors increasingly focused on sustainability.
Lastly, the robust analytical and reporting capabilities of carbon accounting tools empower footwear companies to set and track progress towards emissions reduction targets effectively. By offering detailed reports and fostering strategic planning, these tools help in identifying opportunities for improvement, ensuring products are not only stylish but also environmentally responsible. This commitment can give manufacturers a competitive edge as consumer demand shifts towards eco-friendly footwear brands.
Plan A's software assists footwear manufacturers in efficiently managing carbon accounting by providing a detailed emissions tracking system tailored to the industry's specific needs.
The platform enables footwear manufacturers to accurately calculate and track their carbon emissions across the entire value chain, from material sourcing through to production and logistics, using the latest scientific standards to ensure data accuracy. It simplifies the collection of emissions data from various teams and suppliers by enabling bulk uploads via guided templates, which ensures that the process is streamlined and results in consistent, high-quality data. This consolidated information is then presented in secure, customisable dashboards, allowing manufacturers to gain precise insights into their carbon footprint.
By providing customisable dashboards and charts, Plan A's software helps footwear manufacturers conduct in-depth data analysis and emissions tracking, pinpointing major emission sources and hotspots across various operational dimensions. This is particularly pertinent for assessing emissions under scopes 1, 2, and 3 as per the GHG Protocol, allowing manufacturers to identify key areas where emissions are significant and require attention. By focusing on these insights, footwear companies can prioritise improvements that are most impactful both environmentally and economically.
Additionally, Plan A supports footwear manufacturers in setting and achieving science-based decarbonisation targets by providing tailored actions and forecasts for emissions and cost risks. This guidance is essential for developing effective decarbonisation plans that are aligned with industry regulations, helping companies maintain competitiveness and regulatory compliance. By facilitating a clear path toward net-zero emissions, Plan A's software ensures that footwear manufacturers can meet growing environmental demands from both regulators and consumers.
Carbon accounting software aids footwear manufacturers in reducing emissions by offering comprehensive insights, facilitating strategic actions, and supporting ongoing improvements.
The software provides detailed insights into the carbon footprint by measuring emissions from various stages of footwear production, from raw material sourcing to manufacturing and distribution. This detailed analysis helps identify the largest sources of emissions, such as energy-intensive processes or non-sustainable material choices, enabling manufacturers to prioritise impactful changes. By accurately understanding their carbon output, footwear companies can allocate resources effectively to the areas that will yield the most significant reductions.
Facilitating targeted actions, carbon accounting software utilises advanced analytics and scenario modelling to assess the potential impacts of various sustainability initiatives. For example, it can simulate the benefits of switching to renewable energy sources or optimising supply chain logistics to reduce carbon emissions. Moreover, the software helps in setting realistic reduction targets and tracking progress, ensuring that manufacturers remain on course to meet their sustainability objectives in a cost-effective manner.
Continuous monitoring capabilities allow footwear manufacturers to track their emissions in real-time, providing automated reports to help maintain compliance with environmental regulations. This real-time data makes it easier to detect any deviations from reduction targets and quickly implement corrective actions. By fostering a culture of ongoing improvement and accountability, the software supports manufacturers in achieving sustained emissions reductions, contributing to their long-term environmental goals.