Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethical sourcing
• Sustainable products
• Protecting the planet
• Equality and community

Environmental Achievements

• Released first Princess Polly Earth Club Edit made from lower-impact materials, including organically grown cotton and recycled polyurethane.
• Aiming to have over 40% of products made with lower-impact materials by the end of 2022.

Social Achievements

• Princess Polly became a participant of the United Nations Global Compact and aligned its Earth Club mission with the UN Sustainable Development Goals (SDGs).
• Rebdolls addresses the traditionally underserved market of plus-size female fashion; approximately 70% of its customers are Black.
• Culture Kings addresses the traditionally underserved market of men’s fashion; 56% of Culture Kings’ customers are men.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 pandemic and weather events.
• Increased shipping costs and transport delays.
• Potential for supplier non-compliance with legal and social compliance program requirements.
• Risks associated with overseas manufacturing and supply partners, including vendors located in jurisdictions presenting an increased risk of bribery and corruption.

Mitigation Strategies

• Implemented measures to protect workforce health and safety, including work-from-home policies and enhanced cleaning measures.
• Increased use of air freight to meet customer expectations (resulting in higher costs).
• Supplier compliance program with regular monitoring and corrective actions.
• Not disclosed

Supply Chain Management

Supplier Audits: 100% of Princess Polly products are produced in factories that have a valid SEDEX Members Ethical Trade audit.

Responsible Procurement

• Human Rights Policy
• Code of Conduct
• Ethical Sourcing Guidelines
• Child and Force Labour Policy
• Manufacturing and Packaging Guidelines
• Animal Welfare Policy

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency and severity of storms, droughts, floods and other climatic events.

Transition Risks

• New taxes to finance efforts to reduce the impact of climate change.
• Increased governmental or non-governmental organization focus on environmental regulation in the fashion sector.

Opportunities

• Development of energy-efficient products and processes.
• Increased customer demand for sustainably produced apparel.

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Princess Polly’s program aligns with the UN Sustainable Development Goals (SDGs).

Sustainable Products & Innovation

• Princess Polly Earth Club Edit

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Ethical Sourcing
• Sustainability
• Environment
• Equality & Community

Environmental Achievements

• Princess Polly reduced the absolute impact of their upstream transport by 41% from 2021, and offset all emissions from global facilities.
• Princess Polly maintained valid ethical manufacturing audits for 100% of final stage production, or tier one production, and packaging production sites, while completing the tracing of 100% of their suppliers, or tier two supply chain.

Social Achievements

• Princess Polly is the leader on ethical sourcing in our portfolio and amongst their digitally native brand peers, and we will leverage their best practices and apply them to the rest of our portfolio.
• Culture Kings and mnml address men’s fashion, both of which are traditionally underserved yet fast-growing markets. 56% of Culture Kings’ customers are men.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic and macroeconomic conditions.
• Higher than historical competitive promotional environment and higher merchandise returns.
• Reduced effectiveness of marketing channels.
• Increased costs for distribution facilities and stores.
• Increased costs for salaries and benefits, and insurance.

Mitigation Strategies

• Modified business practices to address COVID-19 challenges.
• Investing in performance marketing and brand awareness.
• Evolving customer acquisition methods.
• Implementing loyalty programs.
• Implementing mitigation plans for supply chain disruptions.

Supply Chain Management

Supplier Audits: 100% for Princess Polly (Tier 1 and packaging)

Responsible Procurement

• Ethical sourcing practices, including audits and supplier tracing.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Princess Polly launched their extended size collection, Curve, and expanded upon their sustainably-made Low Impact assortment in 2022.

Awards & Recognition

• Not disclosed