Lindex sustainability report for 2016 released

Lindex sustainability report for 2016 released

Göteborg, Sweden, 2017-Apr-20 — /EPR Retail News/ — Today (April 19, 2017) Lindex sustainability report for 2016 is released. The fashion company shows progress within several areas as a result of a dedicated sustainability work with partnership, innovation and transparency in the centre.

Sustainability is essential in our business at Lindex. I am very proud of our great results and the dedication of Lindex employees and partners who drive change and improvement every day. We continue to work towards our goal that 80 per cent of our fashion will come from more sustainable sources by 2020, says Ingvar Larsson, CEO at Lindex

The sustainability report includes both overall and in-depth information about Lindex opportunities and challenges within sustainability. The fashion company describes initiatives, results and progress from 2016, such as:

Improved share of more sustainable fibres 
Lindex goal is that 80 per cent of the garments will be made from more sustainable fibres by 2020. In 2016 Lindex reached over 50 per cent and more than 90 per cent of the fashion company’s cotton came from more sustainable sources.

Improved production processes 
Lindex has made further progress regarding production processes with focus on decreased consumption of water, energy and chemicals. In 2016 STWI-projects in the supply chain resulted in water savings in Lindex production that equals the daily need for 13 million people.

Progress with Better Denim 
In 2016 Lindex more sustainable denim assortment was developed further and 100 per cent of the fashion company’s denim is now Better Denim, which are made from more sustainable materials and with more sustainable washing processes. Almost 90 per cent of the denim assortment is also dyed with the cleanest indigo on the market, which is better for the environment and the people working in the production.

Contribution to the fight against breast cancer 
2016 was another successful year for Lindex contribution to the fight against breast cancer, with a donation of 1.2 million euro. Together with the customers Lindex has contributed with over 12 million euro since 2003.

The entire report is available to read here.

SOURCE: Lindex

Press contacts
Corporate
Miriam Tjernström, Press Relations Manager
E-mail: press@lindex.com
Phone: +46 31 739 50 60

KappAhl releases its combined financial annual and sustainability report

Mölndal, Sweden, 2016-Nov-09 — /EPR Retail News/ — Today (2016-11-08) KappAhl publishes its Annual Report for the fiscal year 2015/2016. Again this year, the fashion chain has chosen to combine the financial annual report and the sustainability report.

In brief the past year summes up as follows:

  •  A major change effort has taken shape and KappAhl’s earnings have gone up.
  • The driving forces were developing KappAhl’s customer offer, strengthening the gross margin and continued cost control
  •  Success factors included a gradual clarification of the assortment as well as altered and active work on price and campaign strategies.
  •  The continued prioritized sustainability work included reinforcements by new routines and roles in the sustainability organization and by investing in education for the design and purchasing departments. The aim is to strengthen the sustainability efforts further in the design phase.

In the Annual Report CEO Danny Feltmann comments the past year with “It has been a year when we through major joint operations have reversed a negative trend. Together, we have increased sales and strengthened our operating margin. It is a good starting point as we tackle fiscal year 2016/2017.”

The Annual Report published today is the Swedish version. The English version will be published on 24 November. The Annual Report is produced in two parts. Part 1 describes the business including the sustainablity work and is available to download as well as to order printed copies of at www.kappahl.com/ir. Part 2 is available to download on www.kappahl.com/ir and includes the official Annual Report, the GRI Index, the materiality analysis and corporate governance report, etc.

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 380 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. About 38 per cent of the range has sustainable fashion labelling. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

For further information, please contact:
Charlotte Högberg
Head Corporate Communications
tel: 46 (0)70 471 56 31
email: charlotte.hogberg@kappahl.com

Source: KappAhl