GlobalData offers a comprehensive analysis of Fanatics, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Fanatics‘s ESG performance. GlobalData’s company profile on Fanatics offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Fanatics, a global sports merchandise retailer, is committed to reducing its carbon emissions. Scope 1 emissions include direct GHG emissions from sources owned or controlled by Fanatics, such as on-site generation of heat and transportation. Scope 2 emissions include indirect emissions from the generation of purchased energy. Scope 3 emissions include all other indirect emissions in Fanatics' value chain, such as emissions from purchased goods and business travel. In 2022, the company’s GHG emissions reported for Scope 1 was 5,334 MTCO2e, and Scope 2 (Location-Based) were 21,703 MTCO2e.
Fanatics has taken several steps to reduce its emissions and has already achieved significant progress. The company has transitioned to an alternative poly mailer made of 100% recycled content, reducing waste and promoting recycling. They have also implemented a Waste to Energy model to ensure that waste streams from their fulfillment centers are disposed of through recycling programs and energy facilities, minimizing their impact on landfills.
Furthermore, Fanatics has made efforts to raise awareness about recycling among fans through artwork and QR codes. They have also become a member of Textile Exchange, a non-profit organization driving positive impact on climate change in the fashion and textile industry, to accelerate the adoption of sustainable fibers.
In terms of emissions data, Fanatics has conducted its initial GHG emissions exercise, covering scopes 1 and 2, in alignment with the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard. They are also preparing to track and measure scope 3 emissions in the future. The company aims to expand its environmental sustainability strategy to include measurement of other key impacts, such as biodiversity, air and water pollution, and waste.
Overall, Fanatics is actively working towards reducing its carbon emissions. Through initiatives like transitioning to recycled materials, promoting recycling awareness, and joining sustainability organizations, the company is making significant progress in its journey towards a more sustainable future.