Interface Eliminating Offsets to Invest in Direct Carbon Reduction Innovation

Atlanta, GA, April 22, 2024-Interface is focusing on direct carbon reduction and carbon storage to meet the urgency of the climate crisis. The company is aligning its strategy to meet its climate commitments, which do not allow for carbon offsets.

Beginning in 2025, Interface will repurpose former offset investments to accelerate innovation projects that will result in direct carbon reductions and carbon storage both internally and throughout its supply chain.

Interface offers the lowest carbon footprint carpet tile products in the industry, based on publicly available emissions data in Environmental Product Declarations (EPDs). The company has made dramatic progress through three decades of innovation in global carpet tile manufacturing, raw material sourcing, collaboration with suppliers, and a focus on the full lifecycle of its products including restoration to keep products in place, as well as programs for reuse and recycling across the globe.

Interface is applying these approaches to its resilient flooring to accelerate improvements across its entire product portfolio.

Examples of current and future initiatives that may benefit from additional investment include:

* Reimagining product development and manufacturing to drive carbon reduction and storage

* Reducing the carbon footprint of resilient products through manufacturing and raw material innovations and increasing recycled content

* Increasing the use of biobased materials across all product categories

* Exploring opportunities and partnerships in its supply chain to address Scope 3 emissions in the future

* Identifying and driving commercial adoption of circular models across all product categories

Interface will focus its efforts on direct carbon reduction and carbon storage innovation projects to meet its environmental sustainability goals, which include:

* By 2030, to achieve targets validated by the Science Based Targets Initiative (SBTi) to halve its absolute Scope 1 and 2 greenhouse gas emissions, to halve absolute Scope 3 emissions from purchased goods and services, and to reduce business travel and employee commuting emissions by 30%, all from a 2019 baseline year.

* By 2040, to become a carbon negative enterprise, without offsets.

As of April 30, 2024, Interface will discontinue its Carbon Neutral Floors and Carbon Neutral Enterprise programs to increase project budgets as the company continues to identify opportunities for decarbonization in a rapidly evolving market for climate solutions. Interface will offer verified carbon credits for all customer purchases through the end of 2024.