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:
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.
+ Words: Sofia Sovera, Luxiders Magazine Editor