Inditex ups sustainability commitments as regulators take aim at fast fashion
What: Inditex plans to expand its resale service and increase its use of next-generation and recycled materials in an effort to halve its emissions by 2030.
Why it is important: The ambitious moves come as the EU pushes to put an end to fast fashion.
The group is aiming for 40% of its materials to come from conventional recycling and 25% to come from new innovations by the end of the decade.
Inditex has already started to invest in the space, participating in textile recycler Circ’s series B funding round and also signing a EUR 100 million contract with a Finnish textile-to-textile recycling business.
The company has also added new targets to source 25% of its fabrics from regenerative or organic farms and the final 10% from sources certified have a lower impact. They also plan to introduce repair, resale, and takeback services to key markets and have a goal to protect, restore, and regenerate 5 million hectares of land by 2030.
Inditex has a goal to reach net-zero carbon emissions and has stepped up its plans to cut emissions in its supply chain with a goal of cutting its scope 3 emissions by 50% by 2030.
Last year, Inditex was responsible for emissions amounting roughly 18 million tons of carbon dioxide equivalent, more than H&M Group and Shein combined.
Since 2018, the company has succeeded in reducing its emissions by 7%.
Inditex ups sustainability commitments as regulators take aim at fast fashion
