New Balance, Inc.
New Balance, Inc., a prominent player in the athletic footwear and apparel industry, is headquartered in the United States. Founded in 1906, the company has established itself as a leader in performance running shoes and lifestyle footwear, catering to a diverse range of athletes and fitness enthusiasts. With a strong presence in North America, Europe, and Asia, New Balance is renowned for its commitment to quality and innovation. The brand's core products include running shoes, training gear, and casual wear, distinguished by their superior craftsmanship and emphasis on comfort. Notable achievements include being one of the few major athletic brands to manufacture a significant portion of its products in the US. New Balance continues to maintain a competitive edge in the market, celebrated for its unique blend of performance technology and stylish design.
DitchCarbon Score
How does New Balance, Inc.'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
New Balance, Inc.'s score of 41 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New Balance, Inc.'s reported carbon emissions
In 2023, New Balance, Inc. reported total greenhouse gas emissions of approximately 1,184,319,000 kg CO2e across all scopes. This includes 3,502,000 kg CO2e from Scope 1, 2,822,000 kg CO2e from Scope 2, and a significant 1,184,319,000 kg CO2e from Scope 3 emissions, which primarily stem from purchased goods and services (976,483,000 kg CO2e) and upstream transportation and distribution (22,515,000 kg CO2e). Comparatively, in 2022, the company emitted about 1,425,155,000 kg CO2e in total, with Scope 1 emissions at 4,203,000 kg CO2e, Scope 2 at 560,000 kg CO2e, and Scope 3 at 1,425,155,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. New Balance has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 60% by 2030 from a 2019 baseline. Additionally, the company plans to increase its sourcing of renewable electricity from 49% in 2019 to 100% by 2025, maintaining this commitment through 2030. For Scope 3 emissions, New Balance targets a 50% reduction in emissions from purchased goods and services and upstream transportation and distribution by 2030, also from a 2019 baseline. These commitments align with industry standards for climate action, demonstrating New Balance's dedication to sustainability and reducing its carbon footprint in the textiles, apparel, and footwear sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,874,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,593,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 1,161,388,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
New Balance, Inc. 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.
