UNDERSTANDING COATS
Strategy
Understanding Coats
Strategy
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Our strategy is accelerating profitable sales growth, transforming the business and creating value.
By leveraging innovation, sustainability, digital technologies and our global scale to create world-class products and services, we deliver value to our stakeholders.
Pioneering a sustainable future
Sustainability is at the very heart of our strategy at Coats. It encompasses the products we create and sell through innovation, as well as how we manage our operations. Our investment in sustainability, and leadership in sustainable innovation provides a strong competitive advantage with our customers.
Our targets for the 2023-2026 period are geared towards achieving our longer-term sustainability commitments and help direct our focus as well as enabling tracking of progress across the Group.
Coats has reduced the landfill burden since 2022 by 87% to 288 tonnes of landfill in 2024. In addition, by the end of the fourth quarter 2024, we achieved zero waste to landfill, one year ahead of our published target.
Developing innovative solutions
Innovation remains a core driver of incremental growth, enabling us to meet evolving market demands with highly engineered, differentiated solutions. We continue to strengthen our core technology in five areas – textile engineering, surface science, polymer science, fire science, and colour science – through strategic investments in capabilities and talent across our global Innovation hubs and spokes.
These platforms not only allow us to solve customer challenges within our existing business but also enable us to enter adjacent markets, expanding our impact and growth potential.
Delivering industry-leading digital services
Our digital offering is another differentiator and enhancing our global digital infrastructure and capability is a key piece of our strategy. We are accelerating our vision to build a digital platform ecosystem that creates end-to-end superior customer value for manufacturers and brands globally, spanning across product selection, sampling, ordering, tracking, customer service and payment management.
Our vision is to create a proprietary and cohesive customer experience for brands and tier 1 garment and footwear manufacturers, making trading with us truly frictionless, intuitive, and superior to any competitor.