Inditex to bring sustainability to the board with an specific commission
The group has created a specific group of work within the management board to follow the strategy in sustainability, monitoring the supply chain, and narrowing the relation with all the groups of interest.
Inditex brings sustainability to the board. The fashion distribution company has created the sustainability commission in the management board. This body will be responsible of making a tracking of group’s policies in this sense, besides supervising the monitoring of all the supply chain.
Sustainability commission will also be responsible for maintaining the relation with the different groups of interest in sustainability issues, as well as with the social council. This body will also verify the compliance of health and securities standards and the human rights policy in the whole supply chain, among other actions.
In the last few months, the president of the group, Pablo Isla, signed an agreement of 3.5 million euros with the Massachusetts Institute of Technologies (MIT), to promote the investigation in sustainability, including new techniques of recycling. In this sense, the program Closing the loop, of pickup of used clothing items to be recovered, already has 1,440 stores in 25 markets.
Inditex has signed an agreement of 3.5 millions with the MIT to investigate in textile recycling
On the other hand, Inditex has been widening the clothing items labeled with Join Life, that distinguishes the articles fabricated with a minor environmental impact, especially reducing the water consume and the election of recyclable, sustainable and organic raw materials.
In the ambit of distribution, the company explains that is continuing to progress to get the complete eco efficiency in 2020 in its stores. Uterqüe’s flagship store in Madrid received the biggest certification Leed Platinum for its optimized water gestion, the energetic saving, and the use of recycled materials in its construction.
Inditex has accelerated again in the first semester. The group has boosted its benefit 10%, up to 734 million euros, while sales have raised 5%, until 5,927 million euros in the first three months of exercise.
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