New Look reveals Sustainability Report 2023 with ‘Science Based Targets’ and TrusTrace partnership
New Look has today published its Sustainability Report 2023 with newly submitted Science Based Targets (SBTs) and a partnership with TrusTrace to “gain greater visibility across its supply chain”.
The report provides an update on New Look’s ‘Kind to Our Core’ sustainability strategy which was announced in January 2022, and the SBTs are expected to be approved in November 2023.
Those targets include a near-term plan to reduce carbon emissions by 46% by 2031, and a long-term target to become Net Zero by 2040. New Look is also dedicated to delivering its ESG targets, with the aim to reduce greenhouse gas emissions from products by 50% by 2030.
Additionally, the high street fashion retailer held a supplier conference in London earlier this month, inviting all of its suppliers to meet to discuss sustainability targets, collaboration and responsible sourcing.
At the conference, New Look requested that suppliers calculate their own carbon emissions and informed them that it has signed up to the Zero Discharge of Hazardous Chemicals (ZDHC) roadmap, which it will be rolling out throughout its supply chain.
Last month, New Look agreed a partnership with TrusTrace, a global leader in supply chain transparency and compliance. The partnership will allow New Look to gain greater visibility across its supply chain through to Tier 4 suppliers, to “help it identify and mitigate responsible sourcing and business continuity risks”.
New Look will be the first major UK retailer to join forces with TrusTrace, as it continues to improve its transparency.
Sue Fairley, Head of Sustainability at New Look, commented: “Over the last 18 months we have embraced our ‘Kind to Our Core’ strategy and made significant progress across our targets. We are pleased to have submitted our SBTs ahead of schedule, which shows our commitment to make significant improvements to our greenhouse gas emissions and net-zero target.
“Our new partnership with TrusTrace has also been a highlight of the year for New Look. TrusTrace’s technology will give us visibility through to our Tier 4 suppliers helping us to further mitigate any supply chain risks.”
Shameek Ghosh, TrusTrace CEO and Co-Founder, commented: “At TrusTrace, we have a vision of the future where all value chains are traceable, circular and fair, and we are excited to partner with New Look to support them in delivering on their sustainability strategy when it comes to responsible sourcing.
“The TrusTrace platform facilitates seamless data collection from Tier 1 all the way to Tier 4 suppliers, enabling New Look to access granular, validated data on where, how and under which conditions their products have been made.
“With this data, New Look can make informed decisions to enhance sustainable sourcing, particularly concerning key fibres like cotton, polyester and viscose, as well as comply with complex regulations.”
The report updates on New Look’s progress so far across its four key pillars of sustainability: Responsible business, responsible and circular product, inclusive culture and positive local impact.
