Global Fashion Group (GFG), headquartered in Singapore, is a leading online fashion retailer that operates across multiple regions, including Europe, Latin America, and Asia. Founded in 2014, GFG has rapidly established itself as a key player in the e-commerce fashion industry, focusing on providing a diverse range of apparel, footwear, and accessories. The company is renowned for its unique approach to fashion retail, combining local insights with global trends to cater to a wide audience. GFG's core offerings include a variety of well-known brands and exclusive collections, setting it apart in a competitive market. With a strong commitment to sustainability and innovation, Global Fashion Group has achieved significant milestones, positioning itself as a trusted name in online fashion shopping.
How does Global Fashion'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 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.
Global Fashion's score of 40 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Global Fashion Group S.A. reported total carbon emissions of approximately 294,501,000 kg CO2e. This figure includes 218,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 2,857,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 291,426,000 kg CO2e, fall under Scope 3, which includes emissions from the entire value chain, such as purchased goods and services, transportation, and product use. Over the years, Global Fashion has made significant strides in reducing its carbon footprint. From 2019 to 2022, total emissions decreased from 584,533,000 kg CO2e to 434,013,000 kg CO2e, reflecting a commitment to sustainability. The company has set ambitious targets to further reduce its emissions: a 50% reduction in absolute Scope 1 and 2 emissions by 2030, based on 2019 levels, and a 90% reduction in Scope 3 emissions from purchased goods and services, upstream and downstream transportation and distribution, which equates to a 29% absolute reduction. These commitments align with the Science Based Targets initiative (SBTi) and demonstrate Global Fashion's dedication to addressing climate change and promoting sustainable practices within the fashion industry.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 154,000 | 00,000 | 00,000 | 000,000 | 000,000 |
Scope 2 | 6,091,000 | 0,000,000 | 000,000 | - | 0,000,000 |
Scope 3 | 578,288,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Global Fashion 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.