Global Fashion Group (GFG), the leading online fashion & lifestyle destination in LATAM, SEA and ANZ today publishes its 2022 People & Planet Positive (PPP) Report, which highlights the Group’s achievements in delivering its sustainability strategy.
GFG’s 2030 sustainability strategy is operationalised through 3 strategic pillars: Climate Action, Circularity & Conscious Consumption and Fair & Ethical Sourcing.
To advance Climate Action, GFG increased its Net Merchandise Value (NMV) from products made of majority sustainable materials or by using lower impact production methods to 14% in 2022. The Group also maintained 100% green energy sourcing (in place since 2020) and delivered 1.2 million parcels by no or low emissions methods for the last mile. Further, as a result of the Group’s efforts to drive carbon reduction, GFG’s emissions were 29% lower in absolute terms compared to 2019, despite the business growing 49% in the same period.
GFG continues its climate reduction program and has set the following targets for 2030:
- 60% of Group NMV to come from products made using majority sustainable materials or using lower impact production methods
- 85% own-brand products made from environmentally preferred materials
- 50% of GFG parcels to be delivered by low emission methods.
Accelerating its commitment to Circularity & Conscious Consumption, GFG surpassed its 2030 goal to divert 90% of waste from landfills, achieving a 91% diversion rate in 2022, with 75% of waste recycled. The company expanded its sustainable packaging program to include all directly purchased and own-brand packaging, resulting in 82% of packaging made from lower impact materials in 2022. Additionally, 47% of units sold had a take-back solution, mainly in the ANZ business.
To continue driving a circular fashion ecosystem and enabling and educating customers to manage their impact by, by 2030 GFG will ensure:
- 40% of NMV in the fashion assortment will come from circular products for example, recycled or preloved
- Take back solutions will be provided for 50% of sold products.
In Fair & Ethical Sourcing, GFG remains committed to ensuring decent working conditions and human rights exist throughout its supply chain. 100% of our factories lists are available via Open Supply Hub and to date we have rolled out independent grievance mechanisms to 14% of workers in our Tier 1/2 supplier factories. In addition we have piloted a living wage assessment framework and trained 1880 workers in relation to ethical trade. By 2030:
- 100% of brands on GFG’s platforms will be meeting GFG’s human rights standards
- Living wage assessments will have been conducted for 100% of own-brand factories
- 100% of Tier 1 workers in supplier factories will have access to an independent grievance mechanism
Jaana Quaintance-James, Chief Sustainability Officer, GFG said: “GFG’s sustainability agenda has always been driven by the moral imperative to transform the fashion industry in GFG’s markets and a commitment to drive supply of, and demand for, more sustainable fashion. We introduced GFG’s 2030 sustainability strategy and a suite of new targets in 2022, and our hard work to influence the ecosystem in our markets remains very much in motion. We’re proud of our achievements to date, and continue to execute against our strategy and 2030 targets, taking our responsibility as a global fashion e-commerce business to help build a better and more sustainable future, very seriously.”
GFG’s People & Planet Positive Report covers six strategic pillars. In addition to the sustainability strategy the report includes the Groups’ achievements and targets across, Diversity Inclusion & Belonging, having a Responsible Workplace and being a Responsible Business. GFG continues to be on track in delivering against all of these pillars.
To read GFG’s full 2022 PPP Report and sustainability strategy, visit: www.global-fashion-group.com/sustainability