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HUGO BOSS: Shaping the future of sustainable fashion

HUGO BOSS: Shaping the future of sustainable fashion

Headquartered in Metzingen, Germany, HUGO BOSS is a global luxury fashion and lifestyle brand offering high-quality women’s and men’s apparel, shoes and accessories.

HUGO BOSS is comprised of two powerhouse brands – BOSS and HUGO. Although both brands boast distinct attributes, they are united by unwavering standards of quality, innovation and sustainability, aiming to provide consumers with impeccable attire for every occasion.

The brand operates in 132 countries, with almost 20,000 employees, generating €3.7bn (US$4.7bn).

“CLAIM 5”: HUGO BOSS’s clear commitment to sustainability
HUGO BOSS’s sustainability vision is clear: To lead the way as the ultimate premium tech-driven fashion platform on a global scale. As part of our ambitious growth strategy for 2025, known as “CLAIM 5,” the business is committed to becoming one of the top 100 global fashion brands. What’s more, CLAIM 5, aims to revolutionise the fashion industry, leveraging cutting-edge technology, boundless creativity and an unyielding focus on sustainability.

“CLAIM 5 consequently includes a strong commitment to sustainability,” says Daniel Grieder, CEO of HUGO BOSS. “We are consistently placing the consumer and its high expectations at the heart of everything we do. Our ambition is to further increase brand relevance and ultimately become one of the top 100 global brands. At the same time, we aim to make a positive contribution to our environment and society.”

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HUGO BOSS’s journey to net zero

By 2030, the company has pledged to reduce Scope 1 and Scope 2 emissions from primary energy use and electricity supply by at least 50% – from the base year of 2019. According to the brand’s most recent sustainability report, the brand has also set the goal of reducing Scope 3 emissions by at least 50% by 2030.

To achieve these climate targets, HUGO BOSS is focusing on saving energy, as well as procurement and self-generation from renewable sources.

“Our goals are ambitious: we aim to reduce our CO2 emissions by at least 50% by 2030 and achieve “net zero” by 2050. Promoting and implementing a circular business model is of particular importance in this regard,” Grieder adds.

“We are fully committed to further extending product life cycles and noticeably reducing waste in the coming years by promoting the use of high-quality and recyclable materials. We are therefore working intensively, among other things, on replacing environmentally harmful polyester and nylon fibres with sustainable, recyclable alternatives.”

To support this, the brand has recently launched its first BOSS polo shirt made of around 90% innovative and fully recyclable AeoniQ yarn. Grider explains that although this is just one example of BOSS aims to lead change, “it clearly demonstrates” steps being made towards a “better future.”

 

 


 

 

Source  Sustainability

LABELL-D: Reframing retail for sustainable consumption

LABELL-D: Reframing retail for sustainable consumption

LABELL-D is introducing its Luxury Asset Exchange, which is set to disrupt the retail industry by revolutionising consumption patterns with innovative technology and promoting circularity and climate consciousness.

The Digital Label – a powerful software engine at the core of the platform – seamlessly links the first and second-hand markets, transforming products from ordinary commodities into valuable assets.

By connecting customers to brands and retailers, the platform crystallises purchases as wearable liquid assets, providing a unique and innovative shopping experience.

“Our platform benefits consumers, brands, retailers – and the environment. The next generation rightly demands a more sustainable way to consume,” says Julia Vendramin, CEO and Co-Founder of LABELL-D. “Brands lose touch with their products the moment they leave the store. LABELL-D closes the loop: authenticating a product’s ownership history, providing brands with loyalty and royalties on each trade.”

As the CEO, Julia Vendramin has significant industry expertise, having worked for Hugo Boss, Burberry, and Smythson. Angel investors have seed funded the company, which aims to scale its operations and technology in the future.

The platform already has over 75,000 active users, with 35 high-end brands, including Gucci and Burberry.

Targeting the next generations

Around 75% of the active users on LABELL-D belong to the Gen Z/Millennial age group, highlighting a shift in mindset and behavioral patterns across generations. Additionally, approximately 85% of fashion items are either abandoned in closets or disposed of in landfills.

The platform guarantees asset liquidity through validated pricing. This means that for the first time, consumers know the true value of their luxury items and brands are rewarded for their original creativity.

“The Luxury Asset Exchange is a scalable platform in the luxury market with fashion as the first step,” Vendramin adds. “The fashion sector is ripe for disruption – advances in technology such as blockchain allow us to create a truly circular economy. Our Digital Label is Web 3.0 generated – it tracks, traces, authenticates and allows customers and brands to trade. It is endlessly scalable.”

 

 


 

 

Source Sustainability