Luxury fashion and goods retailer Neiman Marcus Group (NMG) announced plans to discontinue selling animal fur products by 2023, as part of its forthcoming ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More strategy. The new policy applies to all NMG stores, including Neiman Marcus and Bergdorf Goodman. The retailer will also close its existing fur salons.
Neiman Marcus recently created a team to identify, improve, and disclose performance on material ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More issues across its business, including topics like animal welfare. According to the company, the new ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More strategy will include a focus on the of sustainable and ethical products.
Geoffroy van Raemdonck, Chief Executive Officer, Neiman Marcus Group, said:
“We are delivering an ultimate luxury experience for our customers and their evolving preferences. We are updating our assortment to feature multiple sustainable and ethical luxury fashion categories. It is clear the future is fur-free, and that includes the ultra-luxury space. As a leader in luxury retail, NMG has an opportunity to help build a better future for our industry.”
NMG’s fur-free policy was created in collaboration with The Humane Society of the United States and is aligned with the Fur Free Alliance guidelines.
PJ Smith, Director of Fashion Policy for the Humane Society of the United States said:
“We welcome this important policy from Neiman Marcus Group. The company’s fur-free pledge represents a transformational change in retail, and we applaud NMG for making progress on an issue that so many consumers care deeply about.”
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