Yoox Net-A-Porter publishes Infinity strategy to 2030

02 Dec '20

3 min read

Pic: Yoox Net-A-Porter

Yoox Net-A-Porter, a leader in online luxury and fashion, has published its Infinity strategy to 2030, with 12 measurable commitments that connect to the UN Sustainable Development Goals. Infinity is a sustainability strategy which aims to deliver lasting luxury fashion and work towards a sustainable and inclusive circular fashion system for the industry.

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.

The 12 measurable commitments of Infinity span across 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, according to a press release by Yoox-Net-A-Porter.

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 per cent 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 includes 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, upweighing 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 is 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 per cent 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 per cent of all operational waste.

People Positive is championing a positive culture for the 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.

Fibre2Fashion News Desk (GK)

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