Farfetch Goals For A More Sustainable Future

 

 

"More sustainability in the luxury sector!" This motto especially caught the attention of the British online luxury fashion platform, who aims to be "positively cleaner, conscious and inclusive" and just more circular.

 
 

Farfetch has announced its long term 10 years sustainability goals in its “Positively Farfetch” strategy with the goal to see its circular business model growing by 2030 using the following key drivers:

  • Promoting products that are independently recognised or certified as consciously produced, organic and cruelty free.
  • Giving customers the opportunity to increase the life span of clothes through donations, resale, repairs, made-to-order, or buying second-hand and vintage.
  • Using efficient environmentally friendlier packaging and increasing the use of renewable energy, in order to drive the company’s carbon footprint to zero. In addition, the retailer has also switched to Forest Stewardship Certified materials and improved the design to require less tape.
  • Achieving maximum diversity within the organisation and implementing an anti-discriminatory work place.
 
 
 
 
 

The largest environmental impact of the company has been identified within the logistic network. Having thousands of sellers everyday, 44% of the company’s emissions are related to shipping and returns. For this reason, Farfetch aims to increase packaging and supply chain efficiencies and the use of renewable energy in their operations. New sizes of packaging have been introduced, for all items to be shipped in their appropriate sizes in order not to waste paper. In addition, the retailer has also switched to Forest Stewardship Certified materials and improved the design to require less tape. 

The ESG department (Environmental Social Governance) of the company will be responsible to supervise the process and development of the implementation of the goals.

“Building on all of this, our new 2030 goals are designed to benefit and inspire all of our stakeholders. We operate at the intersection of fashion, technology and sustainability. These worlds were already merging before the global lockdown, but the move to online is accelerating rapidly as a result. Setting some ambitious long-term goals is the logical next step in the company’s sustainability journey.” - Thomas Berry, director of sustainable business.

 
 

 

 +  Words: Sofia Sovera, Luxiders Magazine Editor