Global Fashion Group beats sustainability targets

The group’s second yearly People and Earth Optimistic Report confirmed it has fulfilled various targets – originally set to be attained by 2022 – ahead of program.

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These contain:

  • Recycling 75% of squander in 2020, exceeding 2022 focus on of fifty% – the focus on has due to the fact been lifted to eighty%
  • Delivering coaching plans for 67% of own model factories, exceeding 2022 focus on of fifty%

GFG said it is on observe to deliver a lot of other important targets in functions, source chain, and community impression by 2022. These contain guaranteeing compostable or recycled written content order satchels and bins are made use of in all its marketplaces establishing the resale of pre-loved objects in fifty% of its regions proactively engaging its leading thirty worldwide brands on sustainability priorities and establishing charity partnerships in all regions.

The business has also set new diversity, inclusion and belonging targets for 2025, acquiring presently attained fifty:fifty gender stability on its supervisory board and govt workforce.

Very last 7 days the business documented its 1st-at any time rewarding year: gross revenue rose 44% year on year to €183m (£158.2m) in the three months to 31 December 2020. Altered EBITDA was up 4.6% year on year to €19.3m (£167m). The company broke even for the 1st time in the fourth quarter of 2019.