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2023 Sustainability Report
published 2024/08/01

Growth with the Circular Economy

Can growth and sustainability be reconciled?

Mankind is overburdening the planet. According to the Global Footprint Network*, humanity used natural resources 1.7 times faster than our planet’s ecosystems could regenerate in 2023. In Germany, our resource consumption currently exceeds 3 times what can be regenerated**. In order to ensure the long-term survival of humanity on Earth, we, as individuals, companies, and governments, need to find ways to enable a good life with lower resource consumption. This makes considerations and actions towards a new understanding of growth a necessity - for VAUDE as well.



We are taking a critical look at the issue of corporate growth and advocate for a circular economy.

We want to continue growing organically. This means that we are striving for growth following our own path and largely from our own resources. Why not simply forego growth?


The most important argument: Growth enables us to handle the significant additional costs for our sustainable transformation! Additional motivations stem from the strong consolidation processes in the outdoor and sporting goods industry. This means that both our competitors and our major customers are becoming increasingly larger through acquisitions and mergers. In order to remain economically independent as a family-owned business and to continue operating on an equal footing with our customers and producers in this market, we rely on further growth in this market – more on that later. Read more


VAUDE stands for responsible growth with consideration for both people and nature. In order to increase quality of life and minimize the ecological footprint resulting from our activities, we are increasingly decoupling our growth from resource consumption. Investments in our company go towards enhancing the quality and recyclability of our products, as well as towards resource-efficient and circular business models.



We have decoupled our emissions from corporate growth

We see achieving absolute decoupling (reducing resource consumption while increasing revenue) of our growth from resource consumption and strengthening the circular economy as key factors for a climate-friendly future.


In 2022, we achieved initial successes and were able to reduce emissions by approximately 5 percent compared to the previous year, despite an increase in revenue. In 2023, the breakthrough success came with a 37 percent reduction in emissions. Compared to the base year of 2019, our company-wide total emissions were reduced by 30 percent - all while experiencing a revenue growth of 32 percent over the same four-year period! You can find more about the decoupling of our emissions from corporate success here.


»The remarkable decoupling of our economic prosperity from resource consumption stands as a remarkable achievement. Our 2023 climate balance unequivocally illustrates the feasibility and rewards of this endeavor.«

Antje of Dewitz, VAUDE Managing Director

What does corporate growth mean for VAUDE

In the context of business, growth is equated with success and is usually related to sales growth in conjunction with profit maximization. The most important measure of a country is the gross domestic product (GDP) – the value of all goods and services produced within a year. When GDP increases, it is commonly referred to as economic growth. GDP is usually one of the most important measures used to evaluate the prosperity of a country.


We consider this perspective on economic and corporate growth as too one-sided, as it often neglects the negative ecological and social consequences of unchecked growth.



Our understanding of growth

  • We do not fundamentally reject growth, but advocate for a differentiated approach.
  • We ensure that our corporate growth occurs within the planetary boundaries and takes into account the finite nature of Earth's natural resources. This means that we strive to operate and grow in a resource-efficient manner with the smallest possible ecological footprint. For example, we are gradually transitioning to using recycled and biobased materials in the production of our products, which results in lower CO2 emissions compared to fossil fuels.
  • We aim for the absolute decoupling of our growth from resource consumption. This means that we strive to achieve economic growth while simultaneously reducing our resource consumption. 
  • We see strengthening the circular economy as a key factor in achieving a climate-friendly future. Therefore, we are increasing our investments in the quality and recyclability of our products, as well as in resource-efficient and circular business models. With services like the VAUDE Academy for Sustainable Business, we aim to support and accompany companies, partners, and customers in their transformation processes. Through our circular offerings of renting, second hand, repairing and upcycling, we promote extended material and product usage.
  • It is important to us that growth should not stimulate overconsumption. For this reason, too, we strive to achieve organic growth through our own efforts, shaping our growth in line with demand and geared to sustainable consumer behavior.
  • We use our sustainably designed corporate growth to maintain an appropriate company size as a family business that allows us to survive in a market driven by a strong growth mindset and enormous concentration processes by large corporations.
  • The production of our sustainable products involves high additional costs, which we are usually unable to pass on directly to the customer. In order to be able to absorb these financially, our company growth also plays an important role. At the same time, we use our growing company size to exert more influence on a sustainable transformation of our products and supply chains in the outdoor and textile industries.
  • If market shares shift in our direction because our products are more sustainable, less resource-intensive and fairer than comparable competitor products, we see this growth as positive.
GRI:   103
Management Approach
GRI:   201‑1
Direct economic value generated and distributed
GRI:   203-2
Substantial indirect economic impacts
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Links
Global Footprint Network
Read more