Mytheresa releases first 'Positive Change' report
Mytheresa has unveiled its key ESG (Environmental, Social and Governance) achievements, including a ban on exotic skins and fur and the introduction of a pre-loved service, in its first ever 'Positive Change' report released today.
The luxury online fashion retailer created the report to demonstrate progress on ESG commitments released earlier this year under the categories of Myplanet, Mytalent, Myproduct and Mypolicy.
Key achievements outlined in the report include:
- Significant progress in the goal to use renewable energy across the business reaching 90% in all operations over which Mytheresa has control. In addition by offsetting CO2 emissions with Gold-Standard-certified projects, the retailer has reached carbon neutrality across its own operations, as well as all shipments, returns and packaging. This neutrality is attested by the attribution of the label Carbon Neutral Company from Climate Partner
- The introduction of an Animal Welfare Policy which bans the sale of goods containing exotic skins and fur. As of June this year just 0.03% of Mytheresa inventory (from prior seasons) contained fur with the figure expected to be 0% by December
- Its pre-loved service launched in partnership with resale platform Vestiaire Collective, whereby consumers can trade in unwanted items for Mytheresa store credit, sold products which have a total buyback value of more than €2.2 million (£1.92m)
- The implementation of mandatory Diversity & Inclusion training as well as numerous lectures and workshops
CEO Michael Kliger said of the progress: “Our ESG vision is to create a positive impact in our industry and on our planet, growing our business in a sustainable way. Sustainability is a journey, not an end state; it’s about practices, not just goals. The launch of our first Mytheresa Positive Change Report is an important step towards this commitment, providing a clear, transparent and sincere analysis of our progress in the past fiscal year. We are very proud to have made meaningful strides towards our objectives.”
Moving forward the business plans to publish the Positive Change report on an annual basis. This year's full report can be accessed here.
