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Sustainability 

At Precious we believe in being open and honest in the way we do business, this includes doing the right thing by all means of our stakeholders throughout our supply chain and operating in a fair and sustainable manner. During the period we began implementing our new sustainability strategy “Fashioning a Better Future”.

We approach our social, environmental and ethical commitments ("SEE") with the same focus and attention to detail that permeates the rest of the business. To ensure that we continue to meet our responsibilities in these important areas Fashioning a Better Future focuses on Planet, People, and Product. Our Global Sustainability Strategy has been developed and continues to be advanced and improved ensuring that every department is included. Three very important areas of sustainability make up our global sustainability strategy; Fashioning a Better Future:

PLANET – Manage and reduce our impact on the environment.

  • Own Operations

  • Product Waste

  • Packaging and Transport

PEOPLE - Look after those who create, make and wear our product.

  • Ted’s Team

  • Supply Chain 

  • Communities 

PRODUCT - Produce beautiful, more sustainable product.

  • Raw Materials

  • Manufacturing

  • Use & Durability

PLANET

Precious has engaged in a number of environmental projects over the past years:​​

  • We work with local schools and charities to recycle as much waste from head office as we can;

PEOPLE

Our employees and the people who work in our supply chains are our greatest asset and it is very important to Ted Baker that our products are produced in factories that are committed to providing a fair and safe environment for their workers. To enable this:

  • Precious Ethical, Production and Buying teams regularly visit our suppliers to build and maintain relationships. These are key in ensuring open and honest communication;

  • Through our partnership with MADE-BY, a nonprofit multi-stakeholder initiative set up to improve sustainability within the fashion industry, we began reporting, through MODE Tracker, a new progress tracking tool. It is aimed at supporting fashion brands to become more sustainable, focusing on eight areas of fashion business including People, Product and Own Operations;

  • We continue to encourage our employees to donate unwanted items through our "Oxfam Collects" Collection Point;

  • In December 2017 we started to collect donations for leftover restaurant food. Those proceeds are donated to Magic Breakfast, a charity that provides underprivileged school children in London with much needed breakfasts before school. During the period, we raised enough money to provide 13,409 Magic Breakfasts;

  • We keep two Buckfast bee colonies on the roof of our London head office from which we had a hugely successful honey harvest for the seventh year running

PRODUCT

As part of our commitment to product we place great emphasis on producing more sustainable products;

  • We are part of the Sustainable Clothing Action Plan (“SCAP”), a DEFRA sponsored action plan organised to improve the sustainability of clothing throughout its lifecycle by bringing together industry, government and third parties. SCAP members collaborate to develop sector-wide targets along with the tools and guidance necessary to achieve them. As a SCAP 2020 signatory, we are challenged to reduce carbon, water and the amount of waste generated or consumed by our products by 15% by 2020;

  • We have introduced internal sustainable fibre targets to our collections to ensure that we are meeting our SCAP commitment and, as part of SCAP, we participate in the Metrics group. This Group identifies the key industry metrics that businesses should measure and is working on a tool to measure baseline carbon, water and waste footprints. It also identifies improvement actions that businesses could take in this area;

  • We became a member of the Better Cotton Initiative (BCI) in 2016. The aim of the BCI is to make global cotton production better for the people who produce it, better for the environment it grows in and better for the cotton industry’s future. Through education and training the farmers learn more sustainable farming methods and pool their resources with the aim of reducing environmental impacts, using less water and harmful pesticides, and increasing yields.

  • In accordance with the Modern Slavery Act 2015 and the California Transparency in Supply Chains Act 2010, Ted Baker released our first Modern Slavery statement in 2016. This statement highlights Ted’s policies for assessing the risk of modern slavery within our supply chain and the steps we are taking to improve transparency. You can find our full Modern Slavery statement here.

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