Fast Retailing Co
Fast Retailing Co., Ltd., commonly known as Fast Retailing, is a leading Japanese retail company headquartered in Tokyo, Japan. Founded in 1984, the company has established itself as a major player in the global apparel industry, primarily through its flagship brand, UNIQLO, alongside other brands such as GU and Theory. Fast Retailing operates extensively across Asia, Europe, and North America, offering a diverse range of clothing and accessories that emphasise quality, affordability, and innovative design. The company is renowned for its unique approach to casual wear, particularly its LifeWear concept, which focuses on functional and versatile clothing for everyday life. With a strong market position, Fast Retailing has achieved significant milestones, including rapid international expansion and recognition for its commitment to sustainability and ethical practices in fashion.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Fast Retailing Co's score of 42 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fast Retailing Co's reported carbon emissions
In 2023, Fast Retailing Co., headquartered in Japan, reported total carbon emissions of approximately 955,800 kg CO2e for Scope 1, 85,502,000 kg CO2e for Scope 2 (market-based), and significant contributions from Scope 3 emissions, including 1,391,000 kg CO2e from franchises and 39,777,600 kg CO2e from purchased goods and services. Over the years, Fast Retailing has made notable progress in reducing its emissions. From 2019 to 2023, Scope 1 emissions decreased from about 12,295,000 kg CO2e to 9,558,000 kg CO2e, while Scope 2 emissions (market-based) fell from approximately 298,566,000 kg CO2e to 85,502,000 kg CO2e. Fast Retailing has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 90% by FY2030, using FY2019 as the base year. Additionally, the company targets a 20% reduction in absolute Scope 3 emissions from purchased goods and services over the same timeframe. Furthermore, Fast Retailing is committed to achieving 100% renewable electricity sourcing by FY2030, aligning its targets with the science-based criteria necessary to limit global warming to 1.5°C.
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| 2019 | 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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
