Reducing plastic use is laudable; finding clever, profitable ways to employ plastic waste is even more so. Adidas, the German athletic-gear maker, is a founding member of Parley for the Oceans, which brings together people and organizations to collaborate on protecting the seas. Its biggest inspiration: using plastic recovered from the ocean to make new iterations of its UltraBoost shoe. Adidas has now sold 1 million pairs of those shoes, priced at $160 to $200; each one reuses the equivalent of 11 plastic bottles. Other offerings made from ocean-retrieved plastics include soccer kits and hoodies. It adds up to a great example of doing well by doing good in retail—an environmentally friendly product line for a public that’s increasingly sensitized to the dangers of plastic waste.
Company Information
Impact Segment | Environmental Impact |
Sector | Industrials |
Industry | Apparel |
CEO | Kasper Rorsted |
Website | http://www.adidas-group.com |
Employees | 56,888 |
Company Type | Public |
Revenues ($M) (Last Fiscal Year) | $23,917 |
Profits ($M) (Last Fiscal Year) | $1,237 |
Market Value ($M) | $49,583 |