ATLANTA, September 03, 2024--(BUSINESS WIRE)--Interface, Inc. (NASDAQ: TILE), the global flooring solutions company and leader in sustainability, today announced continued efforts to develop a circular economy with expanded capabilities at its recycling facility in Scherpenzeel, Netherlands.
The Scherpenzeel recycling plant will now use an innovative process to recycle post-consumer carpet tiles that cannot be reused, supporting Interface’s commitment to circularity. This will enable the used products to be immediately returned to the production cycle and used to make new carpet tiles for the European market.
"We know the impact low-carbon products and circular solutions have on reducing our carbon footprint and helping keep global temperature increases in line with the reductions required under the Paris Agreement," said Nigel Stansfield, Chief Innovation & Sustainability Officer at Interface. "This investment in our European facility is a critical step as we work to avoid, reduce, and store as much carbon as we can in our products, our business operations, and our supply chain. The upgrades made at the plant demonstrate our commitment to achieving our climate goals faster through direct carbon reductions."
Interface is focused on direct carbon reductions and carbon storage internally and throughout its supply chain to meet the urgency of the climate crisis. The company continues to prioritize the use of recycled content and bio-based materials to reduce the carbon footprint of its products. The enhanced recycling facility in Europe is an important step in making it easier for used products to go directly back into the production cycle as a source for additional recycled content in new products.
Designing for Reuse & Recycling
Interface has a 30-year history of introducing the programs, processes, and innovations needed to meet its sustainability commitments. In 1995, Interface established the ReEntry? Reclamation & Recycling program to close the loop for its products in its U.S. manufacturing. Additionally, to enhance its ability to recycle products from customers at the end of their life, Interface actively works to eliminate materials that should not be recycled.
Since 2016, Interface has collected more than 31,750 tonnes of post-consumer carpet tile through ReEntry, helping facilitate a circular economy for its flooring products. Based on the returned material’s condition and composition, it is then diverted to its must sustainable option – reuse, recycle, or energy recovery.
"The direct reuse of our post-consumer carpet tiles by local partners, charities, or community projects remains the first and most important part of ReEntry," said Liz Minné, Head of Global Sustainability Strategy. "However, these expansions at the facility in The Netherlands present an important milestone for us as we look to close the loop and lower the carbon footprint of our products."
Using Recycled & Bio-based Materials
Designed with purpose, Interface uses recycled and bio-based materials in many parts of its carpet tile, resilient, and rubber products. Today, 51% of the materials used to make its products are from recycled or bio-based sources. By including bio-based content in its products, Interface keeps previously absorbed carbon from re-entering the atmosphere, which helps significantly reduce the products’ carbon footprint.
With the expanded recycling facility, it will be easier for Interface to return used carpet tile backings to the product lifecycle for the manufacture of new backing constructions, including the manufacturer’s carbon negative CQuest? backing, which is standard on all products made in Europe.
"Many of our customers have declared their own carbon reduction goals, and we’re able to support them on their sustainability journey by lowering the carbon footprint of our products through innovation," said Minné. "By continuing to invest in our manufacturing facilities, increase recycled content of our products, and drive adoption of circular models, we can drive absolute carbon emission reductions, helping support the long-term needs of our partners, customers, and the planet."
About Interface
Interface, Inc., (NASDAQ: TILE) is a global flooring solutions company and sustainability leader, offering an integrated portfolio of carpet tile and resilient flooring products that includes Interface? carpet tile and LVT, nora? rubber flooring, and FLOR? premium area rugs for commercial and residential spaces. Made with purpose and without compromise, Interface flooring brings more sophisticated design, more performance, more innovation, and more climate progress to interior spaces. A decades-long pioneer in sustainability, Interface remains "all in" on becoming a restorative business. Today, the company is focusing on carbon reductions, not offsets, as it works toward achieving its verified science-based targets by 2030 and its goal to become a carbon negative enterprise by 2040.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements, including, in particular, statements about Interface’s plans, strategies, and prospects. These are based on the Company’s current assumptions, expectations, and projections about future events.Although Interface believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that these expectations will prove to be correct or that savings or other benefits anticipated in the forward-looking statements will be achieved. The forward-looking statements set forth involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including but not limited to risks and uncertainties under the heading "Risk Factors" included in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. You should also consider any additional or updated information included under the heading "Risk Factors" in the Company’s subsequent annual and quarterly reports.Forward-looking statements speak only as of the date made. The Company assumes no responsibility to update or revise forward-looking statements and cautions investors not to place undue reliance on any such statements. References and links to websites contained herein are for reference purposes only, and the content of such websites is not a part of this news release or incorporated by reference herein.
