On December 16, 2021, UNIQLO Vietnam’s Chief Financial Officer, Mr. Shota Miura gave his third lecture to the MBA program of VJU (http://mba.vju.ac.vn/）on the topic of ” The goal of UNIQLO’s sustainability and Initiatives in Vietnam” discussing the global efforts of the FAST RETAILING group and the sustainability activities that UNIQLO has carried out since its entry into Vietnam in 2019.
As a global retailer, UNIQLO and FAST RETAILING Group place the highest priority on sustainability. In previous lectures, it was explained that FAST RETAILING UNIQLO had a business model that connected all retail processes such as planning, manufacturing, and sales. FAST RETAILING has a sustainability statement of “Unlocking the Power of Clothing.” What exactly does the realization of a sustainable society through clothes mean? What kind of social issues can be solved with the Power of Clothing? In this lecture, Mr. Shota MIURA will be explaining the global efforts of the FAST RETAILING group and the sustainability activities that UNIQLO has carried out since its entry into Vietnam.
Uniqlo focuses on the purpose of serving the essential needs of customers with the best product quality, continuously listens for product improvement and development. This value proposition is an indispensable part of the Sustainability Statement of Fast Retailing and Uniqlo: Unlocking the power of clothing. Mr. Miura emphasizes that Fast Retailing and Uniqlo are aware of the responsibility they have for the environment, as one of the largest companies in the fashion industry.
In his lecture, he presented the overview of Fast Retailing Group and UNIQLO. Uniqlo’s LifeWear spirit was once again emphasized by Mr. Miura in the workshop. He also analyzed the difference of mission, vision and values, Uniqlo focuses on the purpose of serving the essential needs of customers with the best product quality, continuously listens for product improvement and development. This value proposition is an indispensable part of the Sustainability Statement of Fast Retailing and Uniqlo: Unlocking the power of clothing. Mr. Miura emphasizes that Fast Retailing and Uniqlo are aware of the responsibility they have for the environment, as one of the largest companies in the fashion industry.
There are three key pillars in Fast Retailing’s sustainability action: people, planet, and society. Besides the above-mentioned contributions to society, Uniqlo also pays special attention to people by ensuring safe and healthy working conditions and providing training opportunities to their employees throughout the supply chain with more than 130,000 employees worldwide, Fast Retailing and Uniqlo recognize the importance of diversity and they carefully prepare and implement a training program and this is also one part of their overarching business principle: Global One and ZEN-IN KEIEI.
Aiming at reducing the impact on the surrounding environment, Fast Retailing disclosed Fiscal 2030 Sustainability Targets and Action Plan and it includes a considerable reduction of greenhouse gas emission in various business channels. This bold step is an important milestone for Fast Retailing to move towards carbon neutrality by 2050. To achieve that goal, it is emphasized the company keeps accelerating the 4R policy: Reduce, Replace, Reuse, Recycle. For example, Uniqlo has successfully launched the product line of fine yarn and polo shirts using renewable plastic shells. It does not only reduce waste and CO2 emissions but also makes it possible to make high-quality products with care on the environment. . Another example is jeans produced in Jeans Innovation Center that reduces water usage by up to 99%* through a new washing process.
Fast Retailing and Uniqlo consider sustainable development more meaningful by embedding their business mainstream into the sustainability mission. By doing so, they believe that they can do more impactful and long-term activities for society.
In addition to the informative lecture from Mr. Miura, the seminar also engaged the attending MBA students in exchanges of ideas. It clearly shows that the “sustainable development” topic has always played an important role in business development, and Uniqlo is one of the businesses that constantly make efforts through its business mainstream towards a sustainable future.
Student’s report (MBA website)
http://mba.vju.ac.vn/uniqlo-towards-sustainable-goals/
VJU MEDIA
