Skip to main content

New Look pledges to be climate positive by 2040

// New Look announces plans to become climate positive by 2040
// The retailer is also pledging to halve greenhouse gas emissions from products by 2030

New Look has today published an update to its Sustainability Strategy, including a new commitment to become a ‘climate positive’ business by 2040.

The fashion retailer is also looking to halve the greenhouse gas emissions from its products by 2030.

The climate positive commitment will see New Look strive to reduce its environmental impact across a range of key factors. This includes the circularity of its products and packaging, and reducing emissions and water usage.

READ MORE: Asda expands New Look partnership to 8 more stores

New Look already classes 55% of its products as “Kind”, meaning that they are sourced with environmental impacts in mind, including the amount of cotton sourced through the Better Cotton Initiative.

Now the retailer is aiming to ensure that 100% of its cotton is either recycled, organic or from the initiative by 2022. Additionally, New Look has put a target in place to use 100% sustainable viscose by 2023.

The company said the new goals build on its previous commitment to set science-based emissions targets, which was made late last year. New Look now expects to confirm specific emissions targets and a roadmap for reaching them by 2023, before then securing independent approval from the Science-Based Targets Initiative (SBTi) in 2024.

SBTi has recently strengthened its guidelines for companies setting emissions targets through the introduction of a new net zero standard, which not only requires firms to set short and long term emissions reduction goals in line with a 1.5C warming trajectory but also aims to minimise the use of carbon offsets to meet net zero goals.

New Look chief executive Nigel Oddy said: “Environmental and social responsibility has been a part of our business for over 20 years,”

“Now, as a leading womenswear retailer with a global footprint, acting sustainably has never been more important to us. We are proud of our achievements to date, but our strategy refresh commits to going further and outlines our ambitions for the future.

“At New Look, we have a responsibility to our people, employees, and wider society to embrace and accelerate the change needed to reduce our environmental impact. By ensuring that our business is ‘Kind to Our Core’ we are also building a brand that is fit for cultural evolution and global challenges, creating a sustainable future for New Look.”

Sue Fairley, head of sustainability at the retailer said: “we are thrilled to be launching the next stage of our sustainability strategy. We have extended the reach of our pledges and have committed to becoming climate positive by 2040, which is a key milestone for New Look. We’re pleased to be making progress in an area which has been crucial to our business and the commitments build on the last 20 years of work in this area. This strategy will help us to shift our priorities, ensure best practice and improve transparency within our overall supply chain.”

The retailer also recently partnered with re-sale specialist Re-Fashion to launch New Look X Re-Fashion, marking its first venture into the pre-loved fashion market.

Earlier this month the Competition and Markets Authority announced that its plans to investigate ‘greenwash‘ marketing claims would initially focus on the fashion industry, in response to widespread fears that parts of the sector are guilty of exaggerating its environmental performance.

Click here to sign up to Retail Gazette‘s free daily email newsletter

The post New Look pledges to be climate positive by 2040 appeared first on Retail Gazette.



from Retail Gazette https://ift.tt/LIzK4pHAU
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
70 comments
Read more

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...
1 comment
Read more

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative) , the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy spanning over 70 years, with roots tracing back to pre-independence India. The Chona family has been deeply entrenched in the food industry since 1944, originally operating in undivided Pakistan. Following the Partition, Satish Chona , an engineer with British Overseas Airways Corporation, relocated from Karachi to India. After journeying through multiple cities, he ultimately settled in Ahmedabad, where he established his first QSR outlet in 1953. Three decades later, he expanded into the casual dining segment, launching a restaurant in Baroda while continuing the family’s ice cream manufacturing business. However, in 2017, the company sold its ice cream division to a South Korean firm, shifting its fo...
Post a Comment
Read more