Puma SE

Besides the oversight of the CEO, PUMA's Chief Sourcing Officer (CSO) who is a member of the Management Board, oversees all sustainability-related topics at PUMA including climate change on the board-level. The CSO has the same tasks and responsibilities as a Chief Procurement Officer, a.o. approving new climate related targets, strategies, and initiatives. In addition, we established a sustainability committee on supervisory board level, where climate- as well as biodiversity-related topics are governed. [...] All PUMA leaders globally have clearly defined sustainability targets as part of their annual performance bonus. The combined sustainability targets cover 5% of the overall bonus. On climate, these targets include the sourcing of 100 % renewable electricity for our own operations, reducing our air freight to less than 1% and the sourcing of 25 % of renewable energy at core suppliers by 2025, contributing to our Scope 1 & 2 as well as our Scope 3 science-based targets. [...] The Management Board of PUMA SE bears overall responsibility for the risk management system and regularly updates the Audit Committee of the Supervisory Board. The Risk Management Committee (RMC), which consists of the PUMA SE Management Board and selected managers, is responsible for the design, review, and adaptation of the risk management system. [...] PUMA is a member of several industry associations that promote climate action in line with a 1.5-degree pathway, for example the Fashion Industry Charter on Climate Action, the Fashion Pact, Stiftung Klimawirtschaft, etc. For our membership within other industry associations, such as the World Federation of the Sporting Goods Industry, the Federation of the European Sporting Goods Industry or the Policy Hub, PUMA messaging on sustainability related aspects is channeled through the Sustainability Department, to ensure that no conflicting messages are given. [...] Metrics include active membership in the organizations mentioned above. Within our publicly available answer to the CDP questionnaire, we reference our alignment of policy engagement under section 12.3 and 12.5.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The review procedure primarily involves PUMA's Senior Head of Corporate Sustainability that works in close cooperation with PUMA's Chief Sourcing Officer, Corporate Communications and Investor Relations departments to make sure that the activities which may influence policy are consistent with PUMA's overall strategy.
For example, the signature of the Fashion Charter for Climate Action letter to the government of Cambodia on renewable energy was run via all relevant internal departments and signed off by the CSO.
In case of any inconsistencies found, those would be discussed with the relevant departments and a decision would be made by the members of the executive sustainability committee.
PUMA's sustainability strategy is in line with the United Nations Sustainable Development Goals, which are the basis upon which we developed our 10FOR25 sustainability targets.
However, at PUMA, we recognize that it would be impossible to reach these objectives on our own; that is why PUMA Sustainability Leads engage in frequent conversations with representatives in trade associations, industry peers, business partners and all our key stakeholder groups in order to develop long term solutions in the area of climate change. To make sure that all PUMA's direct and indirect activities that influence policy are consistent with our overall climate change strategy, PUMA's Senior Head of Corporate Sustainability serves as one main contact for the most important trade associations for the company. In particular, he is one main contact person for SAC, ZDHC, WFSGI, Policy Hub, FESI as well as Stiftung KlimaWirtschaft. Moreover, he also acts as co-chair of the Fashion Charter for Climate Action's Steering Committee. This role is particularly important as the Fashion Charter represents a commitment with policymakers to develop scalable solution that will help the industry to move toward a low-carbon economy.
Furthermore, PUMA's participation in the Fashion Pact allows us to benefit from multi-sector collaboration for the adoption of more sustainable practices on a larger scale and to commit to transform the industry together with other companies, our employees, consumers, communities, and planet. As the Fashion Pact three pillars are Science-Based Targets for climate, biodiversity and reduction of the industry impact on oceans, influencing policy in the framework of the Fashion Pact ensures consistency with PUMA's climate change strategy and targets.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]The review procedure primarily involves PUMA's Senior Head of Corporate Sustainability that works in close cooperation with PUMA's Chief Sourcing Officer, Corporate Communications and Investor Relations departments to make sure that the activities which may influence policy are consistent with PUMA's overall strategy. For example, the signature of the Fashion Charter for Climate Action letter to the government of Cambodia on renewable energy was run via all relevant internal departments and signed off by the CSO.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes