Coats, the world’s leading industrial thread company, is proud to announce it has become a member of the Ellen MacArthur Foundation Network, which develops and promotes the idea of a circular economy.
Coats is joining a group of the world’s leading and most influential organisations, brought together by the Ellen MacArthur Foundation to demonstrate how the transition to a circular economy can be accelerated.
A circular economy is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. It is built on renewable energy and materials. Business models, products and materials are designed to increase use and reuse, replicating natural systems, where nothing becomes waste and everything has value. The Ellen MacArthur Foundation Network is leading the transition to a circular economy which represents systemic change.
Rajiv Sharma, Group Chief Executive, Coats, said: ‘Sustainability is core to our strategy at Coats. Becoming an Ellen MacArthur Foundation Network member means we can join the conversation on the circular economy – both to share our expertise and to learn from others. Together, through organisations like this, we can accelerate change that makes a bigger difference for us, our customers and the industries in which we operate.’
Coats developed Epic EcoVerde, the world’s first 100% recycled premium sewing thread and continues to develop a range of products which are made from recycled materials as a stage towards full circularity. It is also designing products to help facilitate circular processing within the textile garment industry.
Joe Murphy, Network Lead, Ellen MacArthur Foundation, said: ‘We are delighted to welcome Coats to the Foundation’s Network. As a Network member, they will need to lead the transition to a circular economy. Their circular design work, particularly the development of threads made from recycled materials, is a good start and we look forward to supporting them as they scale their ambitions.’
As an Ellen MacArthur Foundation Network member, Coats will be joining events, workshops and other collaborative activities. It will be looking to how it can work with the textile industry, and also other industries within which it operates, to make products to be used more, made to be made again and made from safe and recycled or renewable inputs.
In 2018 Coats launched its sustainability strategy with a series of targets for 2022 in order to accelerate its progress towards a more sustainable future. Five priority areas were identified: water, energy, effluent and emissions, social and living sustainably. Coats is a constituent of the FTSE4Good Index Series and a participant in the UN Global Compact. It is fully committed to the UN Global Compact Principles on Human Rights, Labour, the Environment and Anti-Corruption, and continues to progress the implementation of these Principles in operations and across its supply chain. It also identified the most relevant UN Sustainable Development Goals (SDGs) to its business operations and will continue to ensure that its activities are contributing towards the achievement of its sustainability goals.
Coats’ pioneering history and innovative culture ensure the company leads the way around the world. It provides complementary and value added products, services and software solutions to the apparel and footwear industries. It applies innovative techniques to develop high technology Performance Materials threads, yarns and fabrics in areas such as Transportation, Telecommunications and Energy, and Personal Protection.
Headquartered in the UK, Coats is a FTSE 250 company, a constituent of the FTSE4Good Index Series and a participant in the UN Global Compact.
• Each year Coats makes enough thread to go into 8 billion pairs of jeans – that is one for every person on the planet
• Every month Coats produces enough thread to stretch all the way to the sun
• More than 450 million pairs of shoes are made every year using Coats’ thread
• More than 100 million car airbags are made using Coats’ Performance Materials thread every year
• In 1879 Thomas Edison used Coats’ thread in his experiments to invent the light bulb
• Coats’ flame retardant Performance Materials threads can withstand temperatures as high as 1000 degrees Celsius
• Coats Epic Ecoverde is the world’s first 100% recycled premium sewing thread
The Ellen MacArthur Foundation is a UK-based charity, committed to the creation of a circular economy that tackles some of the biggest challenges of our time, such as waste, pollution, and climate change. A circular economy designs out waste and pollution, keeps products and materials in use, and regenerates natural systems, creating benefits for society, the environment, and the economy.
The Foundation collaborates with: its Strategic Partners (BlackRock, Danone, DS Smith, Google, H&M Group, Intesa Sanpaolo, IKEA, Philips, Renault, SC Johnson, Solvay, Unilever, The Eric and Wendy Schmidt Fund for Strategic Innovation, SUN, MAVA, players of People’s Postcode Lottery (GB)) and its wider network of businesses; governments, institutions, and cities; designers; universities; and emerging innovators to drive collaboration, explore opportunities, and develop circular business initiatives.