Italy's YNAP meets renewable power target across global facilities

The Group’s transition to fully powering 17 facilities including warehouses and offices in seven markets with renewable electricity, an achievement validated by Climate Group as part of RE100 in July 2021, reflects YNAP’s long-term dedication to delivering CO₂ emission reductions. It marks a new milestone on the Group’s journey to becoming climate positive across its operations and private label value chain by 2030, a commitment formulated as part of the Group’s ‘Infinity’ sustainability strategy, the company said in a media release.

Working with local utilities and electricity market providers across its global facilities portfolio, the Group has migrated to a more sustainable mix of renewable sources including solar, hydro and bio-power. In Italy and the UK – its largest operations markets accounting for 70 per cent of the Group’s total energy consumption – YNAP has signed Green Contracts with local suppliers, reflecting long-term investment into renewable energy generation in these key markets.

In markets where operated facilities managed by YNAP have a comparatively smaller carbon footprint (US, UAE, Japan, China and Hong Kong), the Group procured renewable energy certificates (RECs) or their international equivalent, to incentivise greater local renewable energy production. To further support a shift to a renewable mindset from within its offices, YNAP also installed on-site solar panels at its facilities in Italy.

YNAP was the first online luxury fashion retailer to join RE100. It joined as an early member at the launch of the initiative in 2014. Following the Group’s success in this area, Richemont, YNAP’s parent company, also joined the RE100 in February 2021, committing to reach 100 per cent renewable electricity no later than 2025.

Following this critical milestone, Yoox Net-A-Porter is further accelerating its efforts by continuing work to reduce its emissions and actively participating in Richemont’s commitment to the Science Based Targets initiative (SBTi).

Fibre2Fashion News Desk (KD)