YOOX NET-A-PORTER GROUP publishes new sustainability strategy – “Infinity” – designed to bring luxury and fashion back into balance with our planet
- YOOX NET-A-PORTER GROUP’s Infinity strategy aims to deliver lasting luxury fashion, working towards a more sustainable and inclusive circular fashion system for the industry.
- The ambitious 10-year vision is underpinned by 12 measurable commitments that connect to the UN Sustainable Development Goals, along with tangible projects that will start to facilitate positive change today.
- Infinity will see the Group lead circular design and care and repair initiatives, run carbon emissions reduction programs and become climate positive, and enhance the availability, desirability and transparency of sustainable and circular luxury and fashion, among other commitments.
YOOX NET-A-PORTER GROUP, the world leader in online luxury and fashion, has today published its Infinity strategy to 2030. The sustainability approach reflects the Group’s aim to shape a future where loved products are made to last, where customers are equipped with options and knowledge to make informed choices and extend the lives of their garments, where the next generation is readied for a sustainable future, and where luxury and fashion can play their part in restoring balance to the planet.
YOOX NET-A-PORTER will harness its legacy in sustainability, its roots and expertise in data, technology and innovation, and its scale and reach across 180 countries, 4.3 million customers and hundreds of brand partners, empowering its teams to find solutions and collaborate with peers and partners in pursuit of a more circular and inclusive luxury and fashion industry.
Infinity is underpinned by 12 measurable commitments that connect to UN Sustainable Development Goals. The commitments span four focus areas: Circular Business, Circular Culture, Planet Positive and People Positive, reflecting the Group’s belief that planet and people commitments must go hand in hand for a sustainable future. Milestones to achieve the commitments will start to be met from the end of 2020 and will be continually built upon to drive positive change over the 10-year period:
- Circular Business: Trialling new pilots and initiatives to embed circularity across the Group, through innovation, new services and circular design. Commitments to extend the lives of products include ensuring 100% of YOOX NET-A-PORTER’s private label products are designed in line with new circularity guidelines by 2025, sharing these guidelines with brand partners to amplify their use; and offering care and repair solutions in collaboration with local tailors, craftsmen, social entrepreneurs and start-ups, across all four online stores, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET by 2023, to keep products in active use for longer and preserve their value.
- Circular Culture: Increasing the availability, desirability and transparency of sustainable and circular luxury and fashion. Commitments include year-on-year increases in the amount of sustainable products available, upweighting editorial content on sustainable and circular luxury fashion to inspire and inform, and introducing innovative online solutions by 2022 to help customers to buy more consciously and make informed choices.
- Planet Positive: Operating in line with science to mitigate environmental impact and invest in environmental restoration. Commitments include becoming climate positive by 2030 and delivering CO2e reductions in line with a Science Based Target, switching to 100% of renewable power as part of RE100 by the end of 2020, and becoming a zero-waste business by 2023 through reusing, recycling or composting 100% of all operational waste.
- People Positive: Championing a positive culture for our industry by empowering the next generation, breaking down barriers to entry, and creating a sustainable talent pipeline. Commitments include equipping the next generation with the digital, entrepreneurial and fashion skills required to make a difference, through contributing 15,000 days of team volunteering by 2025 and focusing this support on underrepresented groups; launching new programmes to foster emerging fashion talent and bring them to market; and accelerating progress and awareness on diversity and inclusion, both internally and through our partners and supported organisations.
Infinity underpins a deep-rooted transformation towards a more sustainable and inclusive future, building on our dedication for over a decade, driven by our Chairman and CEO Federico Marchetti, to champion incredible brands leading the way in sustainability, and to draw on our skills in technology, innovation, editorial and curation. Collaboration will be crucial, as lasting impact must be achieved by working together. Only by sharing what works – and what doesn’t – and by constantly strengthening our commitments will we be able to instil real change. All 12 Infinity commitments are underpinned by pilots and initiatives that will allow us to share learnings, tools, and information to inspire and enable our colleagues and brand partners, as we work to bring luxury and fashion into balance with our planet.
The Group will build on its legacy of successful initiatives and edits, such as YOOXYGEN at YOOX, launched in 2009 and, NET SUSTAIN at NET-A-PORTER, launched in 2019, through which the Group empowers its customers to connect with the voices of its brand partners that are passionate about human, animal and environmental welfare. Infinity’s publication follows the launch of YOOX NET-A-PORTER for The Prince’s Foundation, a sustainable luxury capsule collection and the result of a flagship initiative called The Modern Artisan. The project aimed to strengthen sustainable luxury textile skills for trainee artisans in the UK and Italy, including the application of data and AI tools to reduce waste and improve longevity, and the conscious use of materials.