Xtep Group unveils 2030 ESG strategic framework with carbon neutrality goals
©Xtep Group
Xtep Group has officially announced its 2030 ESG strategic framework, marking a significant upgrade to its “10-Year Sustainable Development Plan.” The new framework emphasizes the company's vision to become a leader in sustainable development, outlining three core pillars and eight specific objectives across environmental, social, and corporate responsibility dimensions.
In its environmental initiatives, Xtep aims to significantly reduce its absolute greenhouse gas emissions by 42% by 2030, using 2020 as a baseline. The company is committed to achieving carbon neutrality by 2050 at the latest. Key environmental focus areas include climate action, the circular economy, and chemical safety. Xtep plans to implement waste classification and recycling practices to eliminate landfill waste entirely and targets the use of sustainable packaging for 50% of its products. Additionally, the company will replace ten restricted chemicals with safer alternatives, enhancing its commitment to chemical safety.
Xtep is dedicated to creating a sustainable value chain by driving product design innovation and efficient resource management. The group expects that by 2030, 50% of its products will incorporate at least one sustainable material, and all T1 and T2 suppliers will fully comply with Xtep's ESG requirements, including traceability and public disclosure.
The company's human-centered approach emphasizes employee empowerment and inclusivity, with a goal of achieving a 40% representation of women in management positions by 2030. Furthermore, Xtep pledges to allocate 1% of its annual net income to support the development of sports in China and to sponsor at least 20 road-running events each year, promoting an active lifestyle among Chinese runners.
Xtep's innovative products, such as its eco-friendly sportswear made from 100% polylactic acid, reflect the company’s ongoing commitment to sustainability. These advancements have garnered international recognition and positive market feedback, solidifying Xtep's position as an industry leader in ESG efforts.
