PrimeAsia Leather Corporation

Sustainability has always been at the core of PrimeAsia’s business model, from setting industry standards as a founding member of the Leather Working Group, to developing data driven solutions by conducting our own LCA and setting data driven waste, energy, and water targets. We now set science-based targets and ambitious targets across environmental sustainability and social impact as we look forward to this new chapter with our Sustaining Excellence, Preserving Tomorrow strategy.

PrimeAsia took an evidence-based approach to setting new targets, conducted an internal double materiality assessment to determine which sustainability areas have the biggest impact on our business and where we have the most opportunity to drive large scale impact on the environment and society. When conducting research for our double materiality assessment, we analyzed our performance to date, the needs of our stakeholders, and trends in the industry. Based on the results of our assessment, PrimeAsia’s updated targets are grouped into four buckets: Operational Excellence, Circularity, Climate Action, and Social Impact.

One of our first steps towards our new strategy is signing a commitment letter to set Science Based Target Initiative (SBTi) carbon reduction targets for scope 1,2 and 3 and a long-term net-zero goal. We are partnering with Spin 360 to collect data and analyze our corporate carbon footprint so that we can submit targets for approval by early 2025. We are excited to be taking this step towards establishing targets in line with industry standards to do our part to help reduce GHG emissions.

We look forward to partnering with our brands and suppliers in achieving our sustainability targets. If you would like to discuss our Sustaining Excellence, Preserving Tomorrow strategy and targets, please reach out to your local representative. We will also be sharing more information about our targets in our sustainability report this year, as well as through our news articles on our website.