In a significant move towards sustainability, New Look proudly presents its 2023 Sustainability Report, reaffirming its commitment to eco-conscious practices and introducing groundbreaking updates to its ‘Kind to Our Core’ sustainability strategy. This impactful endeavor is poised to leave a lasting mark, not only through its sustainability goals but also in accelerating its timeline.
Science-Based Targets Await Approval
As a testament to its environmental accountability, New Look has submitted its Science-Based Targets (SBTs) for approval, with confirmation expected in November. These targets underscore New Look’s unwavering dedication to leading the charge in sustainable fashion:
- Carbon Emissions Reduction: New Look aspires to reduce carbon emissions by an impressive 46% by 2031 across all three scopes (1, 2, and 3). This commitment aligns seamlessly with the 1.5°C pathway, demonstrating the company’s unwavering commitment to making a tangible impact.
- Net Zero by 2040: New Look’s ambitious long-term goal aims to achieve Net Zero status by 2040 across scopes 1, 2, and 3, setting a new industry standard for sustainability.
Early Submission Reflects Commitment
The early submission of SBTs underscores New Look’s dedication to achieving its Environmental, Social, and Governance (ESG) targets. One such target is an impressive 50% reduction in greenhouse gas emissions from its products by 2030.
Supplier Accountability and Transparency Initiatives
At a recent Supplier Conference in London, New Look urged its suppliers to take ownership of their carbon emissions. Furthermore, the company announced its participation in the Zero Discharge of Hazardous Chemicals (ZDHC) roadmap, emphasizing its commitment to a safer, more sustainable supply chain. New Look is diligently working to implement these initiatives across its entire supply chain.
Empowering Transparency with TrusTrace Partnership
In a stride towards enhanced transparency and responsible sourcing, New Look recently joined hands with TrusTrace, a prominent supply chain transparency and compliance firm. This partnership empowers New Look to gain comprehensive visibility across its supply chain, extending all the way to Tier 4 suppliers. With this newfound transparency, the company can better identify and mitigate risks associated with responsible sourcing and business continuity. Notably, New Look is the first major UK retailer to collaborate with TrusTrace, underscoring its dedication to a transparent and sustainable future.
New Look is committed to setting industry benchmarks in sustainability. These latest initiatives and commitments cement its position as a trailblazer in sustainable fashion, ensuring a brighter and more sustainable future, all while staying ‘Kind to Our Core.’
