Start! magazine Issue 6 - Disruptors Edition

Page 30

Stepping up

to the

sustainability challenge

By Katherine Horsham King’s was one of the first universities to declare a Climate Emergency in 2019. Here at the Entrepreneurship Institute, we have pledged to support the university’s commitment to the UN’s Sustainable Development Goals. We’re building sustainability into our model for venture development by piloting a new Expert in Residence – ‘XiR’ – focused on sustainability for start-ups. We also plan to use our influence with our partners – be they a student society, another university or business – to co-create in ways that reduce our environmental impact. We can all do more personally and collectively, but big brands that encourage consumption have more to do than most. Curious to discover what good work is happening in this space, Start! took a look at what some wellknown brands are doing to step up and act in the fight against climate change.

‘In 2016, Gucci unveiled its ‘culture of purpose’ strategy under the title Gucci Equilibrium. Commitments include guaranteeing 95% traceability of raw materials and being 100% powered by renewable energy by the end of 2020.’

30 Start! Issue six 2020-21

Gucci In 2016, Gucci unveiled its ‘culture of purpose’ strategy under the title Gucci Equilibrium. Commitments include guaranteeing 95% traceability of raw materials and being 100% powered by renewable energy by the end of 2020. As part of this series of pledges, Gucci also shifted to using Environmental Profit & Loss accounting – an approach which measures greenhouse gas emissions, pollution, water consumption, land use and waste production along the entire supply chain, and then calculates the approximate cost to society. This means Gucci can look to reduce the cost of its environmental impact, and track progress against targets. The Kering group, which owns Gucci, has also created an app called My EP&L that allows customers to do the same on a product by product basis and make more informed choices. This is quite a bold move, as it may prompt customers to question whether or not they should purchase an item at all. More recently in May 2020, Alessandro Michele, Gucci’s creative director, announced that the brand will be dropping from five to two shows a year. Announcing the decision on Instagram, Michele said: “We understood that we went too far. We burned the house that we lived in.” As Gucci is such a high-profile fashion house, it is likely to prompt other fashion brands to take notice and reconsider their approach – hopefully leading to reduced waste from runway to retail.

Adidas At the end of 2019, Adidas launched a new 100% recyclable shoe – the Futurecraft.Loop – under the tagline ‘Made to be remade’. Fully recyclable and infinitely reusable, it’s made of a single material, thermoplastic polyurethane (TPU), meaning that at the end of its (first) life, it can be ground up into pellets and reused. The shoe represents the brand’s first major move to shift the sports industry towards closedloop design and a circular production model. As part of Adidas’s wider mission to ‘End Plastic Waste’ in its supply chain by 2030, it’s built a multidisciplinary team by joining forces with US-based environmental organisation Parley for the Oceans. Together, they created PrimeBlue, a high-performance material made of at least 40% of plastic fished out of the ocean. Eleven million shoes containing ocean plastic were sold in 2019 alone. Adidas will next scale the use of recycled plastics across its products and make them all easily recyclable, and ultimately aims to switch to biodegradable materials. This is a great example of a brand picking a particular issue to focus on and really going for it!


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Articles inside

Black milq: Running a vegan venture

4min
pages 32-33

Aysha: my year since Idea Factory

2min
pages 16-17

Recipe boxes: Recipe boxes: the ‘new normal’ the ‘new for at-home dining? for at-home

3min
pages 12-13

Start! magazine Issue 6 - Disruptors Edition

1min
page 42

Stepping up to the sustainability challenge

4min
pages 30-31

About the Entrepreneurship Institute community

2min
pages 40-41

Inspiration station

4min
pages 38-39

The femtech boom

4min
pages 36-37

Be resilient: how to build your bouncebackability

4min
pages 34-35

King’s disruptors

12min
pages 22-28

How do you know if you have a good idea for a business?

2min
page 29

Think like an entrepreneur

5min
pages 18-20

Decoding the D word

4min
pages 14-15

Innovation at King’s

1min
page 21

This year at the Entrepreneurship Institute

2min
pages 6-7

Disruption calls

4min
pages 10-11

Imagine an entrepreneurial version of you

4min
pages 8-9

Start! welcome notes

3min
pages 4-5

Start! Issue six 2020-21

2min
pages 2-3
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