Fast Retailing — which is minimalist fashion and lifestyle brand Uniqlo's parent company, revealed that it will be working toward eliminating the need for single-use plastics and, instead, will launch reusable eco-friendly bags. The turnover is said to happen in Uniqlo stores starting September 1st and to be within the scope of 12 global markets.
The reusable eco-friendly bags will be made out of recycled paper that has been certified by the Forest Stewardship Council. Each will cost consumers an extra $0.10, which is a reasonable price.
Fast Retailing's goal is to adopt a sustainability-focused business model as quickly as possible, aiming to reduce the use of wasteful product packaging by 85% by the end of 2020. Combined with Uniqlo's clothing recycling program, the reusable eco-friendly bags are definitely a move in the right direction.
Reusable Eco-Friendly Bags
Uniqlo Announces Sustainability-Focused Changes Starting September 1st
Trend Themes
1. Reusable Eco-friendly Bags - Fast Retailing shifts toward sustainable retail model with launch of eco-friendly bags made of recycled FSC-certified paper.
2. Elimination of Single-use Plastics - Fast Retailing leads the way in the fashion industry by phasing out single-use plastics and implementing eco-friendly alternatives like reusable bags.
3. Sustainability-focused Business Model - Fast Retailing's adoption of a sustainability-focused business model drives the company's efforts toward reducing waste and promoting positive environmental impact.
Industry Implications
1. Fashion Retail - Fast Retailing's move toward eco-friendly retail products sets the tone for an industry-wide push toward sustainability.
2. Manufacturing - The development and production of eco-friendly bags made from recycled paper presents growth opportunities for manufacturers committed to sustainability and innovation.
3. Waste Management - Fast Retailing's initiatives, like clothing recycling programs and elimination of single-use plastics, create opportunities for companies specializing in sustainable waste management and recycling.