January 11, 2024
This attitude towards sustainability is also applied to the company’s products, having “extended the useful life” of more than 1.1 million luxury items through circular services such as alterations, restoration, resale and donation surpassing its "1 million good goal" for 2025 two years before the deadline.
At the same time, NMG is making sure the suppliers are following its code of conduct and sourcing program, implemented in 2021, said to “protect human rights and the environment.” In 2022, the corporation signed all of its imported private label vendors to the documents, with 80 percent of its domestic providers signing on as of 2023; the goal is for 100 percent supplier participation by 2025.
“To make the greatest impact, we work cross-functionally to ensure all teams are held accountable across the business,” said Eric Severson, chief people, ESG and belonging officer at NMG, in the report.
“Over the past year, we’ve prioritized investing in key roles, systems, and infrastructure to drive progress as we continue integrating ESG into our direct operations.”
[caption id="attachment_393958" align="alignnone" width="465"] Reduction updates were not provided concerning Scope 3 emissions. Image credit: NMG[/caption]
NMG is also making strides to improve its internal culture, adding more varied voices to its staff and executive suite.
Since launching its first-ever People Report in June 2023 ( see story ), the company has been steadfast in adhering to its goals of increasing racial and ethnic diversity at the vice president level and above, among several others. Workplace equity is viewed as extremely important, as it has met or exceeded the standards set in the Human Rights Campaign’s Corporate Equality Index in 2021, Bloomberg’s
