YOOX NET-A-PORTER achieves 100% renewable power target across global facilities as part of RE100 initiative
The Group is using a mix of solar, hydro and bio-power renewable sources to fully power 17 facilities (warehouses and offices) in seven markets, across over 270,000 m2 in total.
YOOX NET-A-PORTER GROUP today announces it has met its goal to source 100 per cent renewable electricity across the operated facilities it manages, by the end of 2020. The Group has achieved its target within the RE100 corporate initiative, which brings together the world’s most influential businesses committed to 100% renewable electricity, after being the first online luxury fashion retailer to join RE100 upon its launch in 2014.
The Group’s transition to fully powering 17 facilities including warehouses and offices in seven markets with renewable electricity, an achievement validated by Climate Group as part of RE100 in July 2021, reflects YOOX NET-A-PORTER’s long-term dedication to delivering CO2 emission reductions. It marks a new milestone on the Group’s journey to becoming climate positive across its operations and private label value chain by 2030, a commitment formulated as part of the Group’s “Infinity” sustainability strategy.
Working with local utilities and electricity market providers across its global facilities portfolio, the Group has migrated to a more sustainable mix of renewable sources including solar, hydro and bio-power. In Italy and the UK – its largest operations markets accounting for 70% of the Group’s total energy consumption – YOOX NET-A-PORTER has signed Green Contracts with local suppliers, reflecting long-term investment into renewable energy generation in these key markets.
In markets where operated facilities managed by YOOX NET-A-PORTER have a comparatively smaller carbon footprint (US, UAE, Japan, China and Hong Kong), the Group procured renewable energy certificates (RECs) or their international equivalent, to incentivise greater local renewable energy production. To further support a shift to a renewable mindset from within its offices, YOOX NET-A-PORTER also installed on-site solar panels at its facilities in Italy.
YOOX NET-A-PORTER was the first online luxury fashion retailer to join RE100; YOOX GROUP joined as an early member at the launch of the initiative in 2014. YOOX NET-A-PORTER GROUP re-committed in 2016 and at that time, 35% of the company’s electricity use was from renewable sources, marking a large-scale commitment for its future approach. Key milestones along the journey included first achieving 100% renewable power across the Group’s Italian operations in 2018 and then across its US operations earlier in 2020. The company overall has continued to grow significantly since its initial RE100 commitment, including the opening of several warehouses in Europe and the UAE, and offices in the Middle East and China, however its goal of achieving 100% renewable electricity globally across the facilities it manages by the end of 2020 has always remained a top priority.
Following the Group’s success in this area, Richemont, YOOX NET-A-PORTER’s parent company, also joined the RE100 in February 2021, committing to reach 100% renewable electricity no later than 2025. YOOX NET-A-PORTER’s achievement has already contributed to this target and the Group will continue to further support Richemont’s 2025 action plan for greenhouse gas emissions reductions.
As YOOX NET-A-PORTER has been growing over recent years, my team’s commitment to expanding our use of renewable energy has been steadfast. Reaching our 100% target across the facilities we manage means that renewable power has become our status quo. Our warehouses and offices are the engine room of our ability to offer best-in-class service to customers, as the world leader in online luxury and fashion. Ensuring these facilities are powered more sustainably from the inside out is a fundamental step on a long-term journey to become climate positive across our operations and private labels in the future.
Congratulations to YOOX NET-A-PORTER for achieving their RE100 goal, which they set when they joined RE100 in 2014, of using 100% renewable electricity. As one of pioneering RE100 members, it’s great to see YOOX NET-A-PORTER’s ambition and drive in meeting their renewable electricity target. Furthermore, we are delighted that the Group’s parent company Richemont have become a member of RE100, setting a target to use 100% renewable electricity by 2025. By achieving their goal, YOOX NET-A-PORTER has shown that using 100% renewable electricity is entirely possible and makes good business sense.
Following this critical milestone, YOOX NET-A-PORTER is further accelerating its efforts by continuing work to reduce its emissions and actively participating in Richemont’s commitment to the Science Based Targets initiative (SBTi). Richemont’s targets, submitted for independent evaluation by SBTi in May 2021 pending final validation, relate to Scopes 1, 2 and 3 and encompass a variety of measures including absolute reductions intensity and supplier engagement. In addition, YOOX NET-A-PORTER is offsetting any unavoidable emissions from its own operations and distribution through Richemont’s environmental compensation schemes.
YOOX NET-A-PORTER’s 12 “Infinity” commitments to 2030 and more information on its work towards a more sustainable and circular future can be found via: https://www.ynap.com/pages/sustainability/infinity/