SUSTAINABILITY GOALS NATIONAL
By IFAB MEDIA - NEWS BUREAU - December 13, 2023 | 85 2 minutes read
In a momentous move towards sustainability, Bestseller's CFO, Thomas Børglum Jensen, and Head of Sustainability, Dorte Rye Olsen, recently attended COP28 to unveil the company's groundbreaking commitment of USD 100 million towards renewable energy in Bangladesh. This collaborative initiative involves Global Fashion Agenda,
Copenhagen Infrastructure Partners, and H&M Group, marking a significant step in addressing environmental challenges in the fashion industry.
The duo actively participated in the 'Collective Financing in the Fashion Industry' session hosted by Global Fashion Agenda during the event. The session underscored the critical need for collaboration and collective efforts within the fashion industry to combat the climate crisis.
Thomas Børglum Jensen emphasized, "We're ready to take the next step to reduce our indirect emissions in Scope 3." He stressed the importance of collaboration within and across industries to achieve the necessary scale for meaningful impact, expressing a belief that many companies are prepared to invest in collective solutions.
Bestseller's initiative signals a commitment to fostering industry-wide collaboration for sustainable practices. The company's leaders advocate for more fashion entities to not only engage in the dialogue but also join the renewable energy project. Collaboration emerges as a crucial key to advancing progress in the fashion industry, particularly in the realms of environmental conservation and climate action.