The Return Policy Rule Needs to Be Made Irrelevant
As the fashion industry pivots from brick-and-mortar to the internet, how then does the return policy affect the robustness of a company?s ESG framework"
The post The Return Policy Rule Needs to Be Made Irrelevant appeared first on LUXUO.
When lockdowns were enforced around the world, one of the ways to get necessities was through the internet. Online shopping became the new norm for many people, and the convenience conferred to users solidified its popularity even as the pandemic slowly retracted its shadow. But at what cost is this newfound convenience traded for, and what impact does it have on our society"
The answer is the environment. Coincidentally, the environment is also part of the widely-talked about ESG framework, which is a set of criteria that companies follow to be recognised as being socially responsible. For the large part of the discussion about fashion, it has always been about the impact of its manufacturing and its adverse ramifications on the biosphere in terms of carbon emissions and waste accumulation. But an often overlooked facade of fashion is its lenient return policies, which generate about 5 billion pounds of landfill waste and 15 million tonnes of carbon emissions annually, as per a report by Vogue Business.
READ MORE: ESG Concerns: What Does This Mean for the Fashion Industry"
Inevitably, the figures above will grow further and this trajectory is a result of the boom in online shopping while the return of ...
The post The Return Policy Rule Needs to Be Made Irrelevant appeared first on LUXUO.
When lockdowns were enforced around the world, one of the ways to get necessities was through the internet. Online shopping became the new norm for many people, and the convenience conferred to users solidified its popularity even as the pandemic slowly retracted its shadow. But at what cost is this newfound convenience traded for, and what impact does it have on our society"
The answer is the environment. Coincidentally, the environment is also part of the widely-talked about ESG framework, which is a set of criteria that companies follow to be recognised as being socially responsible. For the large part of the discussion about fashion, it has always been about the impact of its manufacturing and its adverse ramifications on the biosphere in terms of carbon emissions and waste accumulation. But an often overlooked facade of fashion is its lenient return policies, which generate about 5 billion pounds of landfill waste and 15 million tonnes of carbon emissions annually, as per a report by Vogue Business.
READ MORE: ESG Concerns: What Does This Mean for the Fashion Industry"
Inevitably, the figures above will grow further and this trajectory is a result of the boom in online shopping while the return of ...
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