Excessive avenue trend retailer New Look has right this moment printed its Sustainability Report for 2024, updating its ‘Variety to Our Core’ sustainability technique after revealing it is on observe to exceed targets.
New Look acquired approval from the Science Primarily based Targets Initiative (SBTi) on its emissions targets in April.
The emissions targets embody a short-term objective to cut back absolute scope 1 and a pair of greenhouse fuel emissions by 42% by 2030 and scale back absolute scope 3 greenhouse fuel emissions by the identical quantity by the top of the last decade.
Scope 1 emissions are direct emissions which might be owned or managed by an organization, whereas scope 2 and three are oblique emissions which might be a consequence of the actions of the corporate however derive from sources not owned or managed by it.
At present, the retailer has revealed that in Scope 1 and Scope 2, it has already diminished its emissions by 22% since FY22 – placing it on observe to exceed its near-term SBT. Whole carbon has diminished by 12% over the identical interval. In Scope 3, emissions have been diminished by 11% in comparison with 2022, which is on observe for its near-term SBT. This has saved 212 tonnes of textiles from ending up in landfill this 12 months.
New Look stays dedicated to utilizing lower-impact fibres throughout its merchandise. This 12 months, 77% of all clothes had at the very least one attribute that lowers its impression, a 14% improve in comparison with the final monetary 12 months.
Transferring ahead, it has unveiled up to date targets to extend traceable and recycled cotton and lift the minimal share of recycled content material in synthetics to 30% from 25%, which is able to concurrently scale back its carbon and water footprint.
To drive its sustainability technique, New Look has right this moment introduced two new partnerships. The primary is a partnership with the giving platform, Neighbourly. By means of this partnership, every New Look retailer will assist a charity of their local people. The second is a partnership with IndustriALL International Union, as a part of the Motion Collaboration Transformation (ACT) initiative to ship honest wages to employees in Cambodia.
Sue Fairley, Head of Sustainability at New Look, mentioned: “We’re two years on from the launch of our sustainability technique and I’m very happy with the progress we’ve made throughout every focus space together with the approval of our Science Primarily based Targets, our new partnership with Neighbourly, and our ground-breaking settlement with IndustriALL. ‘Variety to our Core’ is embedded throughout all of New Look’s operations and we’re starting to see sturdy outcomes.
“The approval of our Science Primarily based Targets was an enormous milestone for our enterprise, and we’re nicely on observe to fulfill our targets. Waiting for 2025, we are going to proceed to drive ahead our technique and work with our companions to make sure we’re working in essentially the most sustainable – and ‘variety’ – means doable.”
