according to the iads department stores must strengthen their environmental commitments

According to the IADS, department stores must strengthen their environmental commitments

Sumary of According to the IADS, department stores must strengthen their environmental commitments:

  • In its report, the association outlined examples of department stores that have been able to grasp the subject of CSR in a more intuitive way and use it as part of their strategy.
  • For example, Paris-based Galeries Lafayette created a dedicated department in 2012, which published its first sustainable strategy in 2013, leading to the creation of the ‘Go for Good’ label in 2018 in partnership with over 500 brands.
  • While the efforts are to be welcomed, the International Association of Department Stores (IADS) now believes that retailers need to take it to the next stage and do more for the cause.
  • German department store Breuninger started by publishing an internal CSR mission statement in 2019, while Denmark’s Magasin du Nord used its own brands as a starting point, then appointed an internal group before entering the materiality assessment and strategy development phases.

Want to know more click here go to news source.