Fast Retailing Co., Ltd., commonly known as Fast Retailing, is a leading Japanese retail holding company headquartered in Tokyo. Founded in 1984, the company has established itself as a major player in the global apparel industry, particularly through its flagship brand, UNIQLO. Fast Retailing operates extensively across Asia, Europe, and North America, focusing on innovative clothing solutions that blend functionality with style. The company is renowned for its core offerings, including casual wear and functional apparel, which are distinguished by their high quality and affordability. Fast Retailing has achieved significant milestones, such as expanding its international presence and embracing sustainability initiatives. With a strong market position, it continues to set trends in the fashion retail sector, making it a formidable competitor in the global marketplace.
How does Fast Retailing Co's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Fast Retailing Co's score of 42 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Fast Retailing Co. reported total carbon emissions of approximately 955,800 tonnes CO2e for Scope 1, 85,502 tonnes CO2e for Scope 2 (market-based), and significant contributions from Scope 3 emissions, including about 1,391,000 tonnes CO2e from franchises and 39,777,600 tonnes CO2e from purchased goods and services. Fast Retailing has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 90% by the fiscal year 2030, using 2019 as the base year. Additionally, the company targets a 20% reduction in Scope 3 emissions from purchased goods and services over the same timeframe. They also plan to achieve 100% renewable electricity sourcing by FY2030. These initiatives align with industry standards for climate action, reflecting Fast Retailing's commitment to sustainability and reducing its overall carbon footprint.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 12,295,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 298,566,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
Scope 3 | 5,730,400,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fast Retailing Co is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.