Business
Crocs, Inc. Releases 2023 Comfort Report Detailing Efforts to Create a More Comfortable World for All
Report provides updates on the enterprise's progress and milestones, including bio-circular materials innovation and end-of-life solutions that support
About this update from Crocs, Inc.
[{"type":"text","content":"Report provides updates on the enterprise's progress and milestones, including bio-circular materials innovation and end-of-life solutions that support progress toward its ambitions\nBROOMFIELD, Colo., June 27, 2024 /PRNewswire/ -- Crocs, Inc. (NADSAQ: CROX), a global leader in innovative casual footwear for all, today published its 2023 Comfort Report, reflecting important progress, key milestones and activations surrounding the enterprise's commitment to Purpose, Corporate Responsibility and Sustainability.\nNow in its third consecutive year of annual reporting, and in its second year as a multi-brand enterprise, Crocs, Inc. remains committed to its Purpose to Create a More Comfortable World for All. This annual report demonstrates how the enterprise continues building upon its guiding pillars of Comfort for the Planet, Comfort for Our Communities, and Comfort for All People through its action-oriented ambitions of Inclusivity, Climate Stability, Circularity, and Community.\nIn 2023, Crocs, Inc. successfully piloted a circular model of consumption through the 'Old Crocs. New Life' takeback program, giving a new life to shoes collected from consumers in any condition. This program has since been expanded to all retail stores and online customers in the continental United States in 2024.\nThe enterprise also continued to increase the amount of bio-circular, bio-based content in its Croslite™ compound. Since August 2023, Crocs, Inc. has exceeded a monthly average of 20% bio-circular content within its Croslite™ compound, achieving the milestone set out in 2022. The enterprise is starting to see the impacts from this initiative, driving a 6.1% reduction of the carbon footprint of its Classic Clog compared to 2021 baseline, which supports progress toward both its goal of 50% carbon reduction for the Classic Clog by 2030 and ambition of Net Zero by 2040.\n\"We are proud of the progress our teams made in 2023 in support of our Purpose strategy, both in making improvements and strengthening programs toward positive impact for people and planet,\" said Deanna Bratter, Vice President, Global Head of Sustainability, Crocs, Inc. \"How we grow matters, and we recognize we have a responsibility to infuse our Purpose into everything we do so that we can continue to do good for our business, the planet, our communities and our employees.\"\nI...