UK fashion group ASOS ties exec pay to new environmental goals [Financial Post (Toronto, Ontario, Canada)]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
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Source: Financial Post
Joining a growing list of fast-fashion companies to open up its supply chain for external scrutiny, ASOS set out targets for improving recycling rates, cutting energy usage and increasing the diversity of its corporate leaders. 17 best online deals in the Canadian retail space right now Advertisement Like Primark which produced a similar plan on Wednesday, ASOS must overhaul operations in Asia, Europe, the United States and elsewhere without threatening the ultra-low prices or rapid delivery times that have won over an army of young shoppers. Advertisement Article content The new mission statements follow calls from shareholders, governments and socially aware customers for companies to identify their environmental impact and then cut the use of water and chemicals, and reduce the millions of tonnes of throw-away clothing that end up in landfill. “The responsibility for a sustainable future lies with all of us and businesses must lead the way,” CEO Nick Beighton said, a
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