Annual Report 2025

de

Topics Filter

Results

Football player in a blue Japan adidas jersey smiling in a stadium. (Photo)

Metrics and Targets

E1-4 – Targets related to climate change mitigation and adaptation

For setting our climate strategy targets, we follow the SBTi guidance to be aligned with the 1.5°C pathway. Accordingly, offsets and avoided emissions do not count toward our science-based targets. In addition, the following assumptions were applied:

  • We calculated the absolute reduction needed based on a defined business growth assumption and corresponding production forecasts (aligned with the business growth assumptions used in the already presented scenario analysis).

  • We made assumptions on how our main sourcing countries will evolve in the coming years, supplemented by insights derived from a third-party study on the development of the energy grid.

We also consulted suppliers to validate our climate strategy as well as to increase their commitments and engagement. We monitor the effectiveness of these actions by tracking and reporting applicable milestones.

In addition to mitigation, we implement ongoing adaptation measures that address physical climate risks, as outlined in the SBM-3 Resilience Analysis table. While adidas has not set specific adaptation targets, these measures contribute to strengthening resilience across our operations and supply chain.

For further details on our GHG emissions accounting and target-setting approach: See ESRS E1-6 – Gross Scope 1, 2, 3, and total ghg emissions

For a detailed description of our climate strategy levers and actions SEE ESRS E1-1 – TRANSITION PLAN FOR CLIMATE CHANGE MITIGATION SEE ESRS E1-3 – ACTIONS AND RESOURCES IN RELATION TO CLIMATE CHANGE POLICIES

E1-4 – Targets related to climate change mitigation and adaptation

Scope

 

Climate strategy targets1,2,3

 

2025

 

2024

 

Baseline4

 

Change vs. baseline

Scope 1 and 2 GHG emissions
(in tons CO2e)

 

By 2030, reduction of 70% from the 2022 baseline

 

127,983

 

135,814

 

164,149

 

(22%)

Scope 3 GHG emissions
(in tons CO2e)

 

By 2030, reduction of 42% from the 2022 baseline

 

6,236,869

 

5,248,523

 

6,578,270

 

(5%)

Scope 1 to 3 GHG emissions per product
('carbon intensity’; in kg CO2e)5

 

By 2025, reduction of 9% from the 2022 baseline

 

5.87

 

6.11

 

6.45

 

(9%)

Scope 1 to 3 GHG emissions
(in tons CO2e)

 

By 2050, achieve net-zero GHG emissions across our value chain6

 

6,364,851

 

5,384,337

 

6,742,419

 

(6%)

1

GHG emission reduction targets, including Scope 2 GHG emissions, use market-based emissions.

2

GHG emission reduction targets, including Scope 3 GHG emissions, have a target boundary that includes biogenic emissions and removals from bioenergy feedstocks.

3

In line with SBTi, emissions from Category 3.11 ‘Use of sold products’ are excluded from our near- and long-term reduction targets.

4

2022 was selected as the baseline year as it reflects typical operating conditions, with no material anomalies affecting emissions or production.

5

Refers to products produced.

6

In line with the SBTi criteria, we aim to achieve net-zero by cutting all our possible GHG emissions (by more than 90% against the baseline year 2022) through direct GHG emission reduction actions and neutralizing the residual GHG emissions through permanent carbon removal and storage.

We met our 2025 target and achieved a 9% reduction in Scope 1-3 product carbon intensity (baseline 2022). This outcome is driven by the implementation of decarbonization measures across the value chain and our ongoing effort to decouple emissions intensity from business growth.

Progress during the year was supported by delivery against key mitigation levers, including significant advances in phasing out coal from our suppliers, where feasible, increasing the use of renewable electricity across our own operations and supply chain, and continuing to scale lower‑carbon materials.

adidas remains committed to advancing its climate change mitigation actions and long-term decarbonization ambition. The company will monitor evolving market, technological, and regulatory developments along the entire value chain to support measurable progress and ensure our transition approach remains informed and responsive over time.

E1-5 – Energy consumption and mix

E1-5 Energy consumption1 in our own operations (MWh)

 

 

2025

 

2024

 

Baseline2

 

Change vs. baseline

Fossil energy source

 

 

 

 

 

 

 

 

Fossil electricity

 

202,263

 

244,741

 

291,377

 

 

Natural gas

 

66,612

 

63,993

 

59,834

 

 

Heating oil

 

4,292

 

4,322

 

4,391

 

 

Diesel (emergency generator)

 

264

 

360

 

371

 

 

District heating

 

9,419

 

25,655

 

26,652

 

 

Diesel (company vehicles)

 

9,320

 

10,434

 

16,034

 

 

Gasoline/petrol (company vehicles

 

14,375

 

15,179

 

16,503

 

 

Nuclear sources3

 

17,904

 

40,529

 

—

 

 

Total fossil energy consumption

 

324,449

 

405,213

 

415,162

 

(22%)

Renewable energy source

 

 

 

 

 

 

 

 

Wood chips for combustion (heating)

 

41

 

43

 

38

 

 

Green electricity bundled

 

5,876

 

5,296

 

65,226

 

 

Green electricity from VPPAs

 

32,612

 

—

 

—

 

 

Green electricity unbundled

 

115,216

 

77,575

 

11,388

 

 

Green gas

 

—

 

—

 

10,327

 

 

Green district heating

 

18,934

 

—

 

—

 

 

On-site solar PV consumption from self-generation

 

11,158

 

9,152

 

8,398

 

 

Total renewable energy consumption

 

183,837

 

92,066

 

95,377

 

93%

Total energy consumption

 

508,286

 

497,278

 

510,539

 

(0.4%)

1

Energy consumption is determined in accordance with the Lower Heating Value (LHV) of the fuel, as specified in IPCC Guidelines, Annex II.

2

2022 was selected as the baseline year as it reflects typical operating conditions, with no material anomalies affecting emissions or production.

3

Data on nuclear sources is measured from 2024 onward.

Through solar PV plants on our facilities’ rooftops, we produced a total of 15,751 MWh of electricity in 2025 (2024: 13,683 MWh). Of this amount, 11,158 MWh were directly used by our own sites (2024: 9,152 MWh), and 4,593 MWh were supplied into the public power grid (2024: 4,530 MWh).

adidas is part of the high-climate-impact sectors of ‘manufacturing’ (textile and apparel, leather, and footwear products) and ‘wholesale and retail trade.’ While we do not have significant own manufacturing activities, our business model is based on the sourcing, distribution, and selling of finished goods produced by independent, third-party suppliers. In that regard, the net revenue related to high-climate-impact sector activities is equal to our net sales presented in the consolidated income statement.

Energy intensity per net revenue1

 

 

2025

 

2024

 

Change

Energy intensity per net revenue (MWh per million in €)

 

20.5

 

21.0

 

(2%)

1

Net revenue represented by adidas net sales (2025: € 24,811 million).

E1-6 – Gross Scope 1, 2, 3 and total GHG emissions

E1-6 – Gross Scopes 1, 2, 3 and total GHG emissions1

 

 

Retrospective

 

Milestones and climate strategy target years

 

 

2025

 

2024

 

Change

 

Baseline

 

Change vs. baseline

 

2025

 

2030

 

2050

 

Annual % target/
baseline year

Scope 1 emissions (in tons CO2e)

 

20,839

 

20,844

 

—%

 

21,856

 

 

 

 

 

 

 

 

 

 

Scope 2 emissions, market-based (in tons CO2e)

 

107,143

 

114,970

 

(7%)

 

142,293

 

 

 

 

 

 

 

 

 

 

Administrative offices

 

13,843

 

21,301

 

(35%)

 

13,354

 

 

 

 

 

 

 

 

 

 

Distribution centers

 

5,222

 

18,994

 

(73%)

 

21,647

 

 

 

 

 

 

 

 

 

 

Own retail stores

 

87,432

 

72,890

 

20%

 

104,480

 

 

 

 

 

 

 

 

 

 

Showrooms

 

646

 

1,785

 

(64%)

 

2,812

 

 

 

 

 

 

 

 

 

 

Scope 2 emissions, location-based (in tons CO2e)

 

166,752

 

164,079

 

2%

 

164,400

 

 

 

 

 

 

 

 

 

 

Administrative offices

 

25,461

 

25,069

 

2%

 

24,005

 

 

 

 

 

 

 

 

 

 

Distribution centers

 

25,752

 

25,911

 

(1%)

 

28,614

 

 

 

 

 

 

 

 

 

 

Own retail stores

 

114,021

 

111,287

 

2%

 

108,885

 

 

 

 

 

 

 

 

 

 

Showrooms

 

1,518

 

1,812

 

(16%)

 

2,896

 

 

 

 

 

 

 

 

 

 

Scope 1 and 2 emissions, market-based (in tons CO2e)

 

127,983

 

135,814

 

(6%)

 

164,149

 

(22%)

 

 

 

(70%)

 

 

 

(9%)

Scope 1 and 2 emissions, location-based (in tons CO2e)

 

187,591

 

184,923

 

1%

 

186,256

 

 

 

 

 

 

 

 

 

 

Scope 3 emissions (in tons CO2e)

 

6,236,869

 

5,248,523

 

19%

 

6,578,269

 

(5%)

 

 

 

(42%)

 

 

 

(5%)

Purchased goods and services

 

5,618,143

 

4,710,261

 

19%

 

6,041,553

 

 

 

 

 

 

 

 

 

 

Upstream transportation and distribution

 

383,810

 

316,684

 

21%

 

343,556

 

 

 

 

 

 

 

 

 

 

Business travel

 

63,092

 

66,332

 

(5%)

 

36,158

 

 

 

 

 

 

 

 

 

 

Use of sold products2

 

1,128,317

 

994,948

 

13%

 

1,057,515

 

 

 

 

 

 

 

 

 

 

End-of-life treatment of sold products

 

171,823

 

155,246

 

11%

 

157,002

 

 

 

 

 

 

 

 

 

 

Total emissions without use of sold products (market-based in tons CO2e)

 

6,364,851

 

5,384,337

 

18%

 

6,742,418

 

(6%)

 

 

 

 

 

Net-zero3

 

(3%)4

Total emissions without use of sold products (location-based in tons CO2e)

 

6,424,460

 

5,433,446

 

18%

 

—

 

 

 

 

 

 

 

 

 

 

Carbon intensity (in kg CO2e)5

 

5.87

 

6.11

 

(3.9%)

 

6.45

 

(9%)

 

(9%)

 

 

 

 

 

(3%)

1

Details are provided in the explanatory notes to our reported gross Scope 1, 2, 3 and total GHG emissions.

2

In line with SBTi, emissions from Category 3.11 ‘Use of sold products’ are excluded from our near- and long-term reduction targets.

3

In line with the SBTi criteria, we aim to achieve net-zero by cutting all our possible GHG emissions (by more than 90%) through direct GHG emission reduction actions and neutralizing the residual GHG emissions through permanent carbon removal and storage.

4

Assumes a cut of all our possible GHG emissions (by more than 90% against the baseline year 2022) through direct reduction actions before neutralizing the residual GHG emissions.

5

Total emissions (market-based) per product produced.

Explanatory notes to our reported gross Scope 1, 2, 3 and total GHG emissions

Our GHG emissions are reported in alignment with the methodologies provided by the GHG Protocol and the requirements laid out by ESRS E1-6.

  • In the reporting year, there were no significant changes in connection with our value chain or scope of consolidation that would result in a change to the methodology used to present past progress in meeting our climate strategy targets. SEE ESRS E1-1 – TRANSITION PLAN FOR CLIMATE CHANGE MITIGATION

  • Scope 1 and 2 GHG emissions relate to our own operations including administrative offices, distribution centers, production sites, and own retail stores. The emissions are calculated based on 78% of reported environmental quantities (primary data) in our own operations’ the Health and Safety, Environment, and Energy (HSEE) data collection systems. The calculation for the remaining 22% uses estimations by scaling up the primary data collected at the facility or site level to a company-wide level on the basis of gross lease area (in m3). In 2025, our market-based electricity emissions were accounted through the use of contractual instruments. The share of purchased or acquired electricity compared to the overall electricity was as follows: 2% for green tariffs, 31% for unbundled energy attribute certificates, and 9% for VPPA in Europe. In addition, we apply emission factors from different sources in our calculation. For Scope 1 GHG emissions, we use emission factors published by the GHG Protocol, for Scope 2, we use emission factors from the International Energy Agency (IEA) related to emissions from electricity, and from the Department for Environment, Food and Rural Affairs (DEFRA) related to emissions from district heating.

  • Scope 3 GHG emissions relate to certain upstream and downstream value chain categories, which are significant due to their magnitude (see below). Wherever available, adidas uses primary data in the calculations (examples of primary data used include the annual material consumption, annual sales volumes, energy consumption of key suppliers, and shipping data for inbound logistics). Collected primary data are complemented by and matched with life cycle assessment (LCA) data in a tool specifically developed for calculating GHG emissions. In addition, emission factors from different sources are used such as DEFRA, IEA and the Product Environmental Footprint Category Rules (PEFCR).

  • Scope 3 GHG emissions include the following significant categories:

    • Purchased goods and services: This category considers the production and processing of raw materials, for which impacts are estimated based on quantities of materials and life-cycle analysis data. The reporting-year values cover production seasons SS25 and FW25. All key production processes are factored in. Primary, secondary, and tertiary packaging-material quantities are also included. The quantities are estimated based on sales volumes, using composition and weight assumptions from the PEFCR. Furthermore, this category also considers the assembly phase, for which impacts are estimated by applying emission factors to reported energy consumption from Tier 1 strategic suppliers. Sourcing volume data is used to estimate the impact of non-strategic suppliers (< 20%).

    • Upstream transportation and distribution: This category considers inbound and outbound transportation of products. For calculating GHG emissions, quantities of shipped products for specified distribution routes are combined with transport emission factors.

    • Business travel: This category includes emissions from air travel by adidas employees. Emission calculations are based on the business-travel data system.

    • Use of sold products: This category relates to emissions caused by washing, drying, and ironing of sold products throughout their lifetime. The calculation is based on average care-cycle data from PEFCR and life-cycle analysis datasets. In line with our SBTi-validated targets, we exclude Scope 3 GHG emissions from the use of sold products in our total (Scope 1-3) GHG emissions calculation.

    • End-of-life treatment of sold products: This category relates to emissions caused by the disposal of sold products, and the calculation uses estimates based on sales volumes and typical waste disposal routes (e.g., landfill and incineration).

  • Scope 3 GHG emissions related to the following categories are considered insignificant for adidas based on their estimated magnitude and/or other GHG Protocol and ISO criteria. Accordingly, these categories are excluded from the reported data: Capital goods, Fuel- and energy-related activities, Waste generated in operations, Employee commuting, Upstream leased assets, Downstream transportation, Processing of sold products, Downstream leased assets, Franchises, and Investments.

  • The percentage of Scope 3 emissions calculated using primary data is determined based on the share of emissions for which adidas uses company- or supplier-specific activity data, such as material consumption, energy consumption, transport weights, travel activity, and sales volumes. Where such activity data is combined with emission factors from LCA databases, adidas distinguishes between the origin of activity data and the source of emission factors: the activity data is classified as primary, while the emission factors are treated as secondary inputs used to convert activity data into CO2e emissions. The resulting emission figures from this combination are classified as being calculated from ‘primary data’. In categories where both primary and secondary activity data are used, conservative weighting assumptions are applied. Applying this approach results in 85.5% of Scope 3 emissions being calculated using primary data.

  • adidas has no Scope 1 GHG emissions related to regulated emissions-trading schemes.

  • adidas discloses Scope 1 and 2 GHG emissions related to the financial reporting scope as outlined in Principles of Consolidation Note 02 in this report. GHG Emissions as described in ESRS E1-6 50.b do not apply. SEE NOTE 02

  • Biogenic emissions in Scope 1-3 are not reported separately due to immateriality.

GHG emissions intensity per net revenue1

 

 

2025

 

2024

 

Change

GHG emissions intensity per net revenue
(tons CO2e per million in €)

 

257

 

227

 

13%

1

Net revenue represented by adidas net sales (2025: € 24,811 million)

E1-7 – GHG removals and GHG mitigation projects financed through carbon credits

adidas has no GHG removal or storage initiatives in place and does not plan to implement any in the mid-term future. In addition, adidas neither purchases nor plans to purchase carbon credits in the foreseeable future to support its climate strategy or to account for them in its GHG emission calculation.

Our climate strategy details our actions and targets to reduce future GHG emissions, which are aligned with the 1.5°C pathway and contribute to a net-zero future. As per the SBTi guideline, we will only consider the purchase and retirement of carbon credits in the long term (including the applicable methodology and framework) to neutralize any potential residual GHG emissions for which reduction actions are not viable (with a maximum of 10% against the baseline year 2022).

E1-8 – Internal carbon pricing

In order to achieve the targets of the adidas climate strategy, the various measures and actions presented earlier are driven along milestones with clearly defined accountabilities. Progress against these milestones is monitored, tracked, and reported regularly to ensure the timely and effective execution. Moreover, embedding the carbon intensity target into the Executive Board’s LTIP serves as an additional steering instrument to ensure that the impact on our climate strategy is a relevant factor in our decision-making (e.g., material selection, investment in renewable energy). We are confident that this approach is sufficient for implementing the needed actions. Accordingly, we do not consider the introduction of an internal carbon-pricing scheme to add value to the execution of the adidas climate strategy at this point in time.

Net-zero
As per SBTi, net-zero GHG emissions are achieved when human-caused GHG emissions are balanced by removing the same quantity of emissions from the atmosphere over a specified period (‘net-zero’ future). This is necessary at the global level to stabilize temperature increase at 1.5°C. In line with the SBTi criteria, we aim to achieve net-zero by cutting all our possible GHG emissions (by more than 90% against the baseline year 2022) through direct GHG emission reduction actions and neutralizing the residual GHG emissions through permanent carbon removal and storage.