// Asics praised for engaging with its suppliers on climate change
// It has been awarded a position on the Supplier Engagement Leaderboard two years in a row
// Global environmental impact non-profit CDP said Asics has reduced emissions and managed climate risks in its supply chain
Asics has been named as a global leader for engaging with its suppliers on climate change, as retailers scurry to be more transparent in their supply chains.
The sportswear retailer has been awarded a position on the Supplier Engagement Leaderboard two years in a row, by global environmental impact non-profit CDP.
Asics was recognised for reducing emissions and managing climate risks in its supply chain in the past reporting year.
- Big Interview: Gary Raucher, Executive Vice President EMEA, Asics
- Asics fails to drive sales since reopening stores
CDP has assessed over 7000 companies in total and has given them a Supplier Engagement Rating, based on answers to selected questions about governance, targets, scope 3 emissions, and value chain engagement of their response to the CDP 2020 climate change questionnaire.
Asics is among the top seven per cent of organizations assessed by CDP, one of almost 400 companies on the Leaderboard this year.
The Japanese brand was also included in Sustainability Yearbook 2021 published by S&P Global, which showcases the sustainability performance of the world’s top 15 per cent companies in each industry.
Asics said it is committed to being a sustainable business across all aspects.
Separately, the retailer saw a drop in its sales as it struggled with trading amid the Covid-19 pandemic.
It posted a 21.5 per cent sales drop to ¥146.89 billion (£1.06 billion) in its second quarter that ended on June 30.
Asics also recorded an operating loss of ¥3.87 billion (£280 million) compared to operating income of ¥8.58 billion (£620 million) in the same period last year.
Gross profit slipped 20.7 per cent to ¥70.5 billion (£51 million) and the ordinary loss during the quarter was ¥3.87 billion (£28 million).
Despite its losses, Asics recorded an online sales rise of 139 per cent in Europe.