RE: Green Central to Strategy...26 Oct 2023 08:26
THG has committed to meeting its targets for net-zero carbon by 2040 through its THG x Planet Earth strategy. It has since set about dealing with sustainability-related costs by acquiring different suppliers in its supply chain. For example, THG has become a big plastics recycler after buying up plastic manufacturing sites.
“We even buy used PPE from hospitals and spoiled notes materials from the Bank of England, and turn them into plastic pellets for reuse in society.
“Aside from the environmental impacts, this is also becoming an increasing revenue stream for us,” says chief executive Matthew Moulding, explaining that sustainability initiatives can pay for themselves and even be profitable.
Further, THG More:Trees, which works with governments internationally to plant more trees, is an initiative that encourages customers of its Ingenuity (third-party ecommerce service) to partake in.