Online retailer THG is sharing its sustainability strategy with suppliers and looking for opportunities to collaborate as it works towards its net zero target of 2040.
The new Partnership in Action (Pact) initiative will see the ecommerce giant working closely with suppliers and key stakeholders to “foster a culture of sustainability” and decarbonise its operations.
Recognising the importance of “collaborative efforts and supplier participation”, Pact will also see THG sharing progress and enhancing transparency throughout its supply chain, while reducing environmental impact and promoting sustainable practices.
In addition to setting clear supplier sustainability goals, Pact’s online portal will allow THG to share the information needed to measure and monitor sustainability performance related to scope 1, scope 2 and scope 3 emissions.
THG will also guide and support partners by working closely to ensure they have the necessary resources to meet its sustainability goals.
Subscribe to Sustainability Beat for free
Sign up here to get the latest sustainability news sent straight to your inbox everyday
The retailer’s chief sustainability officer Mark Jones said the company “recognises the importance” of analysing all scopes to create a “comprehensive and impactful sustainability strategy”.
“As a responsible global player, THG is proud to launch the THG Pact initiative, emphasising the significance of sustainability throughout our organisation and supply chain,” he said.
“We believe that by working collaboratively with our suppliers and setting ambitious goals, we can make a positive impact on the environment and contribute to a more sustainable future.”
Earlier this year, THG had its emission targets validated by the Science Based Targets initiative.
“Since the launch of our sustainability strategy in 2021, we have implemented near-term and long-term company-wide emission reductions in line with the latest climate science,” Jones added.
