Shein UltraFast Fashions ESG Challenges
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Shein UltraFast Fashions is an internet retailer with its headquarter in China that provides fast shipping across China, Europe, and America with a wide range of products including fashion clothing, accessories, footwear, beauty, and home decor. It was started by a few Chinese entrepreneurs and today the company is worth over $70 billion USD. It has gained a lot of attention in the last few years due to its sustainability initiative, ESG (Environmental, Social, and Governance) which a
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Shein UltraFast Fashions has taken off in recent years, as the Chinese retail giant has been acquiring U.S. Brands and trying to turn itself into a global player in the fashion industry. Yet the latest Wall Street Journal story, which went into greater detail, reveals the company’s troubling environmental and social practices. Environmental Problems: Shein’s sourcing and production chain raises major concerns about the company’s environmental practices, including its unsustainable production of cotton and polyester. The company’
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Shein UltraFast Fashions ESG Challenges Shein UltraFast Fashions (SF) is a Chinese fashion e-commerce platform with over 60 million monthly active users. It is a direct competitor of Tmall and Alibaba’s e-commerce platforms as it provides a wider variety and cheaper prices to a wider customer base. It also produces high-quality clothes that are affordable due to its use of cheaper materials. top article However, SF is a unique platform with its ESG initiatives, which have been
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“The world has become a better place for clothes, but we, as individuals, have done nothing about it. That’s because, in our desires for faster fashion and convenience, we’ve left our environment to become the victim. Fast fashion has destroyed the ecosystem by reducing waste, and sustainable fashion is no exception. “In contrast, the global fashion industry produces 120 million tons of textile waste annually, 80% of which goes to landfills. Additionally, the industry generates almost half of all emissions in the