Yahoo Finance Mulberry goes more green, with the bag maker launching a new sustainability manifesto
Luxury handbag maker Mulberry has launched a sustainability manifesto to go more green, from field to wardrobe.
The AIM-listed accessories firm’s ‘made to last’ plan lays out a commitment to transform the business to a ‘regenerative and circular’ model, and includes achieving net zero carbon emissions by 2035.
Companies and investors are increasingly focusing on environmental, social and governance credentials.
Helen Brocklebank, boss of luxury goods association Walpole, which counts fashion and jewellery brands among its members, said: “We are seeing a real acceleration of luxury sustainability, strengthened by brands’ long-term commitment to full traceability and products with longevity.”
Among Mulberry’s key actions for change are to develop the world's lowest carbon leather sourced from a network of organic and environmentally conscious farms. Its leather typically comes from Europe and the goods are made at its factories in Somerset.
Among other measures is the company continuing to extend the life of Mulberry products through repair and restoration services. In Somerset staff repair and renew over 10,000 bags a year.
Chief executive Thierry Andretta said: "At Mulberry we have already taken significant action to embed sustainability across our business, but today we offer our commitment to a programme of transformative change, embedding principles of regeneration and circularity across our entire supply chain."
He added: “We are committed to creating a local, transparent 'farm to finished product' sourcing model.”
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