News Article

THG committed to be Climate Positive

12 October 2021

THG has announced its commitment to an "ambitious" goal to be climate positive and offset its entire historical emissions.

The vision was set out in the Manchester-headquartered online retail giant's 2030 Sustainability Strategy.

It comes as it today hosts its inaugural Capital Market Event for analysts and institutional investors, focusing on its end-to-end technology platform, Ingenuity.

In an announcement, it also set out its priorities for THG x Planet Earth, the group strategy for a better and sustainable future. Priorities include protecting climate and nature, strengthening its supply chain and circularity and empowering people and communities. 

It said that as a business it is "acutely aware" of the impact that big businesses have on the environment. It added that it has a "great responsibility" and influence with its people, communities and suppliers in the UK and internationally.

Matthew Moulding, executive chairman and chief executive of THG, said: "We are committing to use our global scale, our world-class talent and our dedication to innovation, to act as a force for good. 

"More importantly, we are using our access to capital to invest in and influence environmental and societal changes that will benefit our planet today and create a sustainable future for generations to come.

Moulding added: "Publishing our goals is our first step, and next year we will publish our roadmaps to achieving each milestone target towards 2030. We have always been fast-paced, agile and responsive to changes in the market, and our sustainability strategy is no different - while we have our sights set on the year 2030, we will certainly do our best to achieve more and work in partnership with others to accelerate the pace of positive change."

Read more at: Insider Media