Retail sustainability—the new management approach

Reset sustainability in retail and fashion

The retail C-suite has been faced with a series of challenges only few could imagine. The industry has never undergone such a colossal trial, and it also has never been presented a more powerful opportunity to demonstrate responsibility and resilience—and emerge stronger.

A retail strategy that sets the pace

The need to transform the retail sector has accelerated as we see more consumers, employees and investors favoring companies that have an authentic ESG strategy across all business disciplines.

Retailers are in a powerful position to make changes that drive sustainability across functions while enabling a profitable future. Leaders are thinking about ESG not as a problem to solve, but as the solution to cleaner, more efficient, less wasteful practices.

Scaling ESG solutions in fashion

In fashion specifically, extraordinary levels of collaboration, commitment, consumer engagement, innovation and technology are required to transform the industry at speed and scale. With an industry valued at almost US$3 trillion and an estimated 1 in 6 people working in fashion, the size and breadth bring significant climate and socio-economic impacts—and opportunities.

The path ahead is complex and calls for a strategic approach.

Our new report  Scaling ESG Solutions in Fashion provides prioritized actions based on seven high impact areas:

A retail fashion industry designed to endure

The retail industry has proven decade after decade that it is adaptable and resilient. Recent and ongoing changes happening in the world can serve as a call to rebuild yet again—but with new ambitions to be more responsible to shareholders, employees and the planet.

In collaboration with WWD, the Responsible Business Coalition at Fordham University, and Fashion Makes Change, read the new guide on Scaling ESG Solutions in Fashion.