Fast Retailing is advancing its 'LifeWear' concept – everyday clothing with a practical sense of beauty – in order to create apparel that not only emphasizes quality, design, and price but also meets the definition of 'good clothing' from the standpoint of the environment, people, and society.
“With environmental problems and other serious global issues becoming increasingly evident, we have further advanced our philosophy and are pursuing measures to show the world a completely new way for clothes to be while contributing to the realization of a sustainable society. By making LifeWear available to more customers, we aim to conduct business in a way that improves the lives of people and societies throughout the world,” said Koji Yanai, Group Senior Executive Officer, Fast Retailing.
In line with the company’s motto, Fast Retailing has formulated Fiscal 2030 targets and an action plan for core aspects of sustainability. The entire Fast Retailing Group, based on the LifeWear concept, will accelerate its transition to a new business model encompassing both sustainability and business growth.
Moreover, for building more sustainable business, Fast Retailing has established an environmental policy that employs revolutionary technologies to reduce the burden on the global environment.
In accordance with this policy, Fast Retailing positions climate change as one of its most pressing issues, upholding targets set out in the Paris Agreement, and acting to achieve carbon neutrality by 2050. In September this year, the company announced its targets to reduce greenhouse gas emissions by FY2030. These targets have been approved as Science-Based Targets by the SBT initiative (SBTi).
Among other targets set by the company are reduce electricity consumption at stores through energy conservation initiatives, aim for approximately 40 percent reductions at roadside stores and approximately 20 percent reductions at mall stores, plan reduction of greenhouse gas emissions across our supply chain, which accounts for 90 percent of the total emissions relating to the business.