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But its commitment is slammed by campaigners as 'empty' and an 'attempt to buy time' due to its failure to commit to divest from coal and oil and gas.
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Man-made cellulosic fibers, the second biggest cellulosic fiber group after cotton, holds huge untapped potential to transform the fashion industry, according to Forum for the Future and the Textile Exchange.
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The new 2039 target builds on existing goals to reach carbon neutrality across its operations and halve its value chain emissions by the end of the decade.
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That's according to a BloombergNEF report that calls policy support for the hydrogen economy 'insufficient.'