5 Tips for Sustainability in a Business: Lessons from ZARA's Pre-owned Platform!
A few weeks ago, many fast fashion giants announced they would get into the pre-owned fashion space.
A few weeks ago, global fashion giants Zara, Shein, and Pretty Little Thing announced they would get into the pre-owned fashion space. Zara launched Zara Marketplace, Shein launched Closet and Pretty Little Thing launched Premium Pre-Loved. These stores are capitalizing on the movement towards sustainable fashion and secondhand shopping, but do they live up to the hype?
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With their new initiative, they have an opportunity to open up more conversations about sustainability in the fashion industry. But without providing any sort of transparency around their supply chain, it will be difficult for them to convince customers that their pre-owned section is anything but another form of greenwashing. To make this effort meaningful, Zara needs to clarify how their clothes are made and what happens after they sell a piece of clothing. What kind of textiles is being used? Who are the suppliers? How often does each garment get sold before ending up at Goodwill or tossed into the ocean? If we don't know these things, then all we know is that Zara can now resell items at 30% off. The issue with fast fashion isn't that we're using old clothes; it's that there are so few ways to reuse our old clothes. Reselling should only be shorthand for greenwashing if Zara invests in making this part of its customer culture.
When it comes to sustainability and the Triple Bottom Line, businesses have a lot of work to do. There are many ways to implement sustainability in your business and achieve your goals. But there are things you can do to make it easier for you and your company. Sustainability is not just about being eco-friendly but also about being profitable while having a limited impact on the environment. This means we need to see businesses as more than just profit-making machines. Still, as entities that produce goods in a way that benefits society and has a minimal negative impact on humans and the planet. There are many ways you can implement sustainability into your business - here are some tips:
Be transparent
Transparency is often the best way to instill trust in your industry. Being transparent with your consumers, employees, and partners will help you establish a better relationship with them on all levels. When it comes to sustainability, transparency is key. You need to understand where your products are being made, how they're being made, and what impact they're having on the environment AND people that are working with them. This can be done easily by partnering with companies and organizations that create transparency in their supply chains. You can also create your transparency reports and make them publicly available so consumers can see how your business is working towards sustainability.
Reduce consumption
Consumption has a negative impact on the environment and is one of the biggest challenges faced by businesses today. Consumption is the amount of resources needed to create products, like water, energy, and raw materials. When you create products, you consume a lot of resources, which can be harmful to the environment. A great way to reduce consumption is to implement a circular or closed-loop business model. You can do this by reusing materials and designing your goods so they can be easily repaired or refurbished. You can also partner with other companies and use their waste as raw materials to create new products.
Go digital
If your business thrives on producing physical goods, this might seem like an odd suggestion – but hear us out. If you're creating physical goods, you're using a lot of resources to create these goods, which could cause a huge environmental burden for your business. Luckily, there are some ways you can reduce these impacts by shifting to a digital system. In some industries, you can shift from creating physical goods to digital services, like in the healthcare industry. There are many ways you can shift your business model to create more digitally based goods and reduce the impact of creating physical products.
Go green
Another one of the best ways to implement sustainability into your business is by going green. This means reducing your carbon footprint and the impact your business has on the environment. One of the best ways to do this is to reduce energy consumption in your business. You can do this by investing in energy-efficient equipment and appliances. You can also consider investing in renewable energy sources like solar panels or wind turbines.
Be responsible in your hiring practices
Hiring is challenging for any business, especially when it comes to sustainability. This is because many businesses want to hire people who have experience in the industry, but there's also a shortage of skilled workers in certain fields. This could lead some businesses to hire workers who don't have any experience in their field, which isn't sustainable because it creates a high turnover rate. One of the best ways to implement sustainability in your hiring practices is to hire people who want to work in your company. You can do this by creating a culture of empowerment and building a team that is self-sufficient.
Being sustainable is a big challenge for businesses, but it's also an opportunity to create something new. Being sustainable allows you to do more good in the world and leaves behind a legacy that will last for generations. If you're ready to take your business to the next level, it's important to implement sustainability. Of course, it's up to you to decide how you're going to do it, but these tips can help you get started on the right path.
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