Asos says it is confident its strategy is right for the planet – and for its customers. Image courtesy of Asos
Asos has set out its plan to achieve net zero emissions across its full value chain by 2030.
The fashion pureplay says its Fashion with Integrity 2030 programme represents a stretch target, as it works towards becoming a “truly global retailer in a responsible and sustainable way”. The plan includes four key goals, which will be overseen by a new ESG committee chaired by Asos chief executive Nick Beighton and reporting to the Asos board.
Be net zero by 2030 and carbon neutral by 2025 will reply on reaching its scope one and two emissions by 87% by 2023 compared to its 2018/19 baseline, reducing its own brand product and its transportation 3missions by 58%, its transformation while also signing up two-thirds of third-party brands to set targets by 2025.
Be more circular envisages that by 2030 Asos will source all its own-brand products from recyclable or sustainable materials, put circular design principles into its business, and enable recycling and reuse programmes in its main markets. By 2025, all of its packaging will come from from recycled and recyclable materials.
Be transparent means leading improvements on human rights and transparency in its own supply chain. By 2030, all of its own-brand products will have mapped supply chains to the raw material level, all third-party brands will have signed up to its transparency pledge and ethical trading policy, and customers will be able to see sustainability credentials for its own brand products. By 2023, it will publish annual human rights strategy and implementation reports, focusing on issues including wages, modern slavery, gender empowerment and freedom of association.
Be diverse means having at least 50% female and more than 15% ethnic minority members of its combined leadership team by 2023, and at every leadership level by 2030. More than 40% of engineering, product and technology roles will be female by 2030, and Asos will publish a diversity, equity and inclusion strategy and roadmap by 2023.
Asos chief executive Nick Beighton says: “The responsibility for a sustainable future lies with all of us and businesses must lead the way. We will make sure we deliver products and brands that allow our customers to shop ethically and responsibly, safe in the knowledge that they are reducing their impact on the planet and contributing to a fairer world. We undertake the next step of our FWI journey confident that what we are doing is right for the planet, right for our people, right for our customers and will underpin our ambitious growth plans."
Asos is a Leading retailer in RXUK Top500 research.
via https://AiUpNow.com September 16, 2021 at 08:07AM by Chloe Rigby, Khareem Sudlow,
