Timberland Shares Results Against Ambitious Emissions Target
Outdoor footwear and apparel Timberland (NYSE: TBL) announced this week that it fell short of its ambitious goal to cut absolute greenhouse gas emissions 50% by the end of 2010. However, the company said it did achieve an industry-leading 38% cut.
In 2006, Timberland established the five-year, 50% reduction goal for absolute emissions associated with its owned and operated facilities and employee air travel.
"While the net result for 2010 was positive, we fell short of meeting our 50% reduction goal. However, we are still planning to achieve this goal by 2015, and to go even further," said Betsy Blaisdell, Sr. Manager, Environmental Stewardship. "2010 was not a typical year. The rebound of our business resulted in an increase in employee travel, and record temperatures, both highs and lows, contributed to increased energy use."
Timberland's Climate Counts score also improved in 2010, moving up to 86 from 82 in 2009. This score keeps Timberland at the second highest rated of all 150 companies scored.
Timberland has taken a three-pronged approach for its owned and operated facilities:
- Energy efficiency upgrades--such as retrofitting facilities with LED lighting and employing LEED standards for store design
- Purchasing renewable energy--in 2010, 13% of Timberland's energy came from renewable sources
- Reductions in employee travel--the company encourages employees to seek practical alternatives when considering their travel needs