Coats Group PLC 2023 AR2
The report highlights Coats Group plc's financial and sustainability performance for the fiscal year 2023. Despite industry-wide destocking, the company increased its market share and achieved its 2024 adjusted EBIT margin target of 17% in the second half of the year. In sustainability, Coats made significant progress by reducing its absolute Scope 1 and 2 emissions by 39% and increasing its sourcing of renewable electricity to 54%. The company also launched its state-of-the-art Sustainability Hub in Madurai, India, to accelerate the transition to recycled and renewable materials.
Company: Coats Group PLC
Sector: Consumer Discretionary
Country: United Kingdom
Year: 2023
Type: AR2
Pages: 207
Coats Group PLC
Annual Report And Accounts
The report highlights Coats Group plc's financial and sustainability performance for the fiscal year 2023. Despite industry-wide destocking, the company increased its market share and achieved its 2024 adjusted EBIT margin target of 17% in the second half of the year. In sustainability, Coats made significant progress by reducing its absolute Scope 1 and 2 emissions by 39% and increasing its sourcing of renewable electricity to 54%. The company also launched its state-of-the-art Sustainability Hub in Madurai, India, to accelerate the transition to recycled and renewable materials.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees