Fast Retailing Earns CDP “A List” Recognition for Third Consecutive Year

Fast Retailing Co., Ltd. has been named an “A List” company by CDP, an international non-profit for environmental disclosure, in recognition of its climate change performance and transparent reporting. This marks the third consecutive year the company has received this prestigious rating.

CDP’s evaluation process is considered the gold standard for corporate environmental reporting, with over 24,800 companies worldwide responding to the 2024 CDP questionnaire.

Yukihiro Nitta, Fast Retailing Group Executive Officer for Sustainability, commented, “Fast Retailing aims to achieve both global business growth and sustainability by accelerating the shift to a waste-free business model in which we make, transport and sell only the products that our customers need. We consider our response to climate change a priority in this effort and are working with stakeholders to find solutions across our value chain. Along with strengthening measures to achieve our fiscal 2030 targets, we also make every effort to continuously disclose information. We believe that making the CDP A List once again is recognition of our steady pursuit of such initiatives.”

Fast Retailing’s LifeWear philosophy focuses on creating clothing that enhances everyday life while considering environmental, human rights and social impact. The company is committed to achieving net-zero greenhouse gas (GHG) emissions by 2050 and has set key targets for FY2030:

Climate Targets for FY2030

• 90% reduction in GHG emissions from own operations (Scope 1 & 2) vs. FY2019.
• 20% reduction in GHG emissions from raw materials, fabric and garment production for UNIQLO and GU products (Scope 3, Category 1) vs. FY2019.
• 100% renewable electricity sourcing for all Fast Retailing stores and offices.
• 50% of all materials used to come from low GHG emission sources, such as recycled materials.

Progress in FY2023

• 4% reduction in GHG emissions from own operations (up from 45.7% in FY2022).
• 0% reduction in GHG emissions from production (up from 6.2% in FY2022).
• 6% renewable energy usage across global stores and offices (up from 42.4% in FY2022).
• 2% of all materials used had low GHG emissions (up from 8.5% in 2023). Recycled polyester accounted for 47.4% of all polyester used (up from 30.0%).

By maintaining strong sustainability efforts and transparent reporting, Fast Retailing continues to drive climate action in the global fashion industry.