Japanese firm Fast Retailing earns climate recognition from CDP again

CDP's global disclosure system is widely recognized as the gold standard of corporate environmental transparency. Based on data reported through CDP's 2023 Climate Change questionnaires, Fast Retailing is one of a small number of companies that achieved an 'A List' rating, out of more than 21,000 companies scored. It is the second consecutive year Fast Retailing has made the 'A List.'

Speaking of the recognition, Yukihiro Nitta, Fast Retailing Group Executive Officer responsible for Sustainability, said, "Fast Retailing addresses climate change as one of our highest sustainability priorities. We continue to expand our disclosure efforts as we work on initiatives to help achieve our key Fiscal 2030 Sustainability Targets. We are pleased to once again earn such a high evaluation by CDP for these activities, and for our transparency."

Fast Retailing is advancing efforts to promote its LifeWear; clothing designed to make everyone's life better. LifeWear emphasizes not only quality, design, and value, but also meets the definition of "good clothing," that considers the environment, people, and society. To address climate change, Fast Retailing is working to achieve net-zero greenhouse gas (GHG) emissions by 2050, supported by key interim targets:

1. Reduce GHG emissions from its own operations such as stores and main offices (Scope 1 and Scope 2) by 90% by fiscal 2030 (compared to fiscal 2019.
2. Reduce GHG emissions from raw materials, fabric and garment production for UNIQLO and GU products (Scope 3, Category 1) by 20% by fiscal 2030 (compared to fiscal 2019)
3. Achieve 100% sourcing of renewable electricity at Fast Retailing global stores and main offices by fiscal 2030.

Note: The content of this press release has not been edited by Fibre2Fashion staff.

Fibre2Fashion News Desk (RM)