Renewcell
Renewcell, officially known as Renewcell AB, is a pioneering company headquartered in Sweden (SE) that operates at the forefront of the textile recycling industry. Founded in 2012, Renewcell has made significant strides in transforming the fashion landscape by developing innovative solutions for circular textiles. The company’s flagship product, Circulose®, is a unique, biodegradable material derived from recycled cotton textiles, setting a new standard for sustainable fashion. This revolutionary approach not only reduces waste but also conserves resources, positioning Renewcell as a leader in the shift towards a more sustainable textile economy. With a strong presence in Europe and growing recognition globally, Renewcell has achieved notable milestones, including partnerships with major fashion brands, further solidifying its market position as a key player in the sustainable materials sector.
DitchCarbon Score
How does Renewcell's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Renewcell's score of 37 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Renewcell's reported carbon emissions
In 2017, Renewcell reported a significant carbon emissions reduction, achieving a net climate impact of approximately -2000 kg CO2e per tonne of produced fibre, specifically in the category of other vegetable textile fibres and paper yarn. This negative emission figure indicates that their production process effectively sequesters carbon, contributing positively to climate goals. Renewcell has set ambitious near-term targets to further reduce its greenhouse gas emissions. The company aims for a 38% absolute reduction in both Scope 1 and Scope 2 emissions by 2029, using 2022 as the baseline year. This commitment aligns with the Science Based Targets initiative (SBTi) and is designed to support the global effort to limit warming to 1.5°C. While specific data on Scope 3 emissions has not been disclosed, Renewcell is also committed to measuring and reducing these emissions in the future. Overall, the company's proactive approach to carbon management and its significant reduction targets underscore its commitment to sustainability and climate action.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Renewcell is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
