Global Fashion Group announces progress in 2030 sustainability strategy

YarnsandFibers News Bureau 2023-04-09 09:18:56 – Singapore

Global Fashion Group (GFG), the leading online fashion and lifestyle destination in Latin America, Southeast Asia and Australia and New Zealand has published its 2022 People & Planet Positive (PPP) report, showcases the group's accomplishments in implementing its sustainability plan. 

Three strategic pillars—climate action, circularity & conscious consumption, and fair & ethical sourcing—help GFG operationalize its 2030 sustainability strategy.

GFG increased its Net Merchandise Value (NMV) from items created with primarily sustainable resources or by employing low-impact production techniques to 14% in 2022 in order to accelerate climate action. Additionally, the firm kept its commitment to sourcing only green energy (in place since 2020) and delivered 1.2 million packages using low- or no-emissions techniques for the final mile. Additionally, despite company growth of 49% during the same period, GFG's emissions were 29% lower in absolute terms compared to 2019 as a result of the group's efforts to drive carbon reduction, according to a news statement from GFG.

GFG has set high goals for 2030 as part of its commitment to the climate change program. The company wants to obtain 60% of the group's NMV from goods that are predominantly produced of sustainable materials or using low-impact manufacturing processes. In addition, GFG intends for 85% of its own-brand items to be created with eco-friendly materials. In order to further lessen its impact on the environment, the company wants to supply 50% of GFG packages with low-emission technologies.

In 2022, GFG achieved a 91% diversion rate, with 75% of garbage being recycled, exceeding its 2030 goal of 90% waste diversion from landfills. This was accomplished by speeding up their commitment to circularity and conscious consumption. By incorporating all directly acquired and own-brand packaging into its sustainable packaging initiative, the company expects that 82% of packaging will be created from reduced-impact materials by 2022. In addition, 47% of the units sold, primarily in the Australia and New Zealand markets, contained a take-back option.

GFG is committed to supporting a circular fashion ecosystem by 2030 and giving customers the tools they need to reduce their environmental impact. In order to do this, GFG wants to make sure that 40% of the NMV in their fashion collection comes from circular products, such repurposed or gently used items. The business also intends to provide take-back options for 50% of the sold goods.

GFG is still committed to ensuring fair labor practices and respect for human rights throughout its supply chain through Fair & Ethical Sourcing. The open supply hub provides access to 100% of the factory lists, and as of this writing, GFG has provided independent grievance channels to 14% of workers in tier 1/2 supplier factories. In addition, we trained 1,880 workers in ethical trading practices and piloted a system for determining a livable wage.

GFG wants to make sure that all brands on its platforms abide by their human rights criteria by the year 2030. Second, all of their own-brand factories will have undergone living wage assessments. Last but not least, GFG will ensure that all supplier tier 1 employees

Jaana Quaintance-James, chief sustainability officer, GFG, said that the moral need to alter the fashion industry in GFG's markets and a dedication to promoting the supply and demand for more sustainable clothes have always served as the driving forces behind GFG's sustainability goal. In 2022, they unveiled GFG's 2030 sustainability plan and a set of new goals, and they're still actively working to change the market ecosystems. They take their responsibility as a global fashion e-commerce business to help build a better and more sustainable future, very seriously. They're proud of their achievements to date and continue to execute against their strategy and 2030 targets.

The six strategic pillars are covered in the GFG study, People & Planet Positive. The report also details the groups' accomplishments and goals for diversity, inclusiveness, and belonging, having a responsible workplace, and being a responsible business. GFG is still on schedule to meet the demands of each of these pillars.

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