In 2023, we have conducted a rigorous analysis of over 5000 suppliers against the SBTi list which encompasses companies taking action by setting science-based targets or committing to developing the targets. This approach has enabled us to identify key partners committed to sustainability, while also pinpointing areas where targeted support is essential for advancing our collective sustainability agenda. The study also proved important in identifying the non-committed brands with the highest CO2 emissions. We aim to work together on advancing collective carbon reduction initiatives in 2024 and onwards.

 

The STEP Program, launched in 2017, aims to reduce the Group’s environmental footprint in line with LEED and Green Star standards. Integrated into our internal FOCUS platform in 2020, STEP assessments are now mandatory for all new store openings, with plans to expand to all stores by 2024. In 2023, the programme underwent a revamp, further aligning assessment questions with international standards, transitioning to a rating system, and enhancing the FOCUS platform usability.

In 2023, Chalhoub Group explored circularity with a comprehensive study titled ‘Circular Fashion Potential in GCC.’ This insightful report goes beyond consumer behaviours, shedding light on the increasing adoption of circular business models by luxury retailers in the GCC, the substantial growth of the re-commerce market, and the evolving consumer preferences for pre-loved items. The report findings serve as a compelling business case for circularity, clarifying the current landscape and contributing to reshaping the future of the regional fashion industry. More details about this one-of-a-kind study can be found here.