FAST Retailing recently held its LifeWear = a New Industry media and analyst briefing. The briefing explained how the company is transforming its business to balance sustainability and business growth, and to contribute to a more sustainable society through a new circular business model.
The briefing explained how the new processes and systems it has implemented will enable greater visibility and control over environmental and workplace factors throughout the entire supply chain and post-purchase phases. Fast Retailing also provided progress updates on its public FY2030 sustainability targets.
Fast Retailing is creating a stable, agile supply chain to deliver greater sustainability, building the same strong and long-term partnerships previously established with garment and materials producers to upstream processes in its supply chain.
This enables it to better manage the entire supply chain, directly applying its quality, procurement, production, environment, and worker-rights standards across all production stages. After visualizing its supply chain from finished product back to the raw material level, the company began consolidating business with a small number of select partners, including future plans to source raw materials from designated farms and ranches.
Simultaneously, Fast Retailing is advancing its RE.UNIQLO initiative to promote recycling or reuse for all Uniqlo products. Following the 2020 launch of its Recycled Down Jacket, Fast Retailing has continued to pursue development of additional clothing-to-clothing recycling products that use cashmere, wool and cotton.
Koji Yanai, Fast Retailing Group senior executive officer, said, “We take responsibility for every item of LifeWear we provide to customers. We are uncompromising, through product development, production and post-sale, to ensure our products are used longer and with greater peace of mind. Together with our customers, local communities, and business partners, we continue to expand the possibilities of LifeWear, creating a business to enrich people’s lives and society around the world.”