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farfetch.com Sustainability Actions

Published ESG report

Farfetch published its 2021 Environmental, Social and Governance (ESG) report in June 2022. An ESG report is a public update on how a company handles environmental, social, and governance issues. The report said it covered Farfetch’s sustainability work and progress toward its 2030 goals. This shows the company had already started reporting on its impact and tracking its plans in a more formal way.

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Launched resale and donation services

Farfetch has launched FARFETCH Secondlife, a resale service that helps luxury items stay in use for longer. It also created a donation program to support a circular fashion model, which means keeping products in use instead of throwing them away. These steps are aimed at extending the life of clothing and accessories and reducing waste linked to fast turnover in fashion.

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Set up ESG oversight

Farfetch established an ESG Board Committee, with the CEO included, to oversee sustainability goals. A board committee is a group that helps guide and monitor company decisions at the top level. This suggests sustainability was not treated as a side project, but as part of formal company governance and decision-making.

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Expanded conscious product range

Farfetch launched a Conscious Fashion range that includes organic, recycled, upcycled, and pre-owned products. These labels describe different ways of lowering impact: organic means grown without certain synthetic chemicals, recycled means made from recovered material, upcycled means turned into something with higher value, and pre-owned means previously owned items sold again. The range shows the company has already built sustainability into part of its product offer.

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