GREENHOUSE GAS EMISSIONS (GHG)

We recognize that the retail industry and its supply chain are significant contributors to climate change. How we manage impacts of climate change provides both a risk and opportunity for our organization. We are committed to understanding the impact of our products and operations throughout the entire value chain — from raw materials to end of life — to take meaningful action to reduce our footprint. 

In May 2022, we established a Greenhouse Gas Emissions Task Force — representative of key stakeholders in our facilities, sourcing, supply chain, logistics, operations, finance, audit, legal and ESG teams — to collect our 2021 GHG emissions inventory, understand climate risks and opportunities to our organization and to analyze our emissions across the value chain. Included in our 2023 ESG Report is our FY2022 emissions data, including Scopes 1, 2 and 3. This inventory represents the first full year of our operations as a standalone company.

This data has been validated by a third-party auditor, Apex Companies, LLC (Apex). The verification declaration letter from Apex can be found here. VS&Co is wholly responsible for the determination and presentation of the following greenhouse gas emissions data. 
 

Addressing Emissions in our Supply Chain

We regularly and proactively engage with our supply chain partners to understand their plans, progress and obstacles for reducing their emissions, and we encourage them to set their own targets.

An important step in lowering the environmental impact of our products is collaborating
with supply chain partners to improve manufacturing operations. Toward this aim, we are taking collective action with the Apparel Impact Institute’s Carbon Leadership Program (CLP). This program assists our supply chain partners in measuring their GHG emissions baseline, setting reduction targets, and creating a detailed roadmap for accomplishing those targets – and we’re proud to help sponsor them through this work. Helping to support our partners’ greenhouse gas reduction strategies is key to reducing the environmental footprint of our value chain. 

TRANSPORTATION

The movement of freight around the world requires the use of fossil fuels, and we work with some of the leading logistics companies in the world to efficiently transport our goods using a variety of means. In order to minimize the impact of our supply chain logistics on the environment, Victoria’s Secret & Co. is committed to:

• Utilizing the most efficient means of transportation that meets our delivery needs and schedules; and
• Utilizing highly efficient trailer stacking techniques to optimize the use of trailer space and reduce the number of trucks and amount of energy required to transport our merchandise to our distribution centers.

BEAUTY SUPPLY CHAIN

We have longstanding partnerships with our beauty vendors with many located on one campus, the Beauty Park, in New Albany, Ohio. Over 40% of our finished goods and components are produced within the Beauty Park.  As of today, the 200-acre site is the home of 14 inter-connected personal care and beauty product vendors, including:

• personal care and beauty product manufacturers
• packaging component manufacturers,
• product fillers
• packaging companies

By vertically integrating the entire personal care product supply chain from beginning to end, Victoria’s Secret & Co. is able to shave both time (both production and transit time) as well as distance from our production process. Additionally, the reduction in the transit distance reduces the greenhouse gas emissions associated with the manufacture of our products.

PARTNERING TOWARD IMPROVEMENT

We’re especially proud to partner with suppliers that share our values and commitment to our community and the environment through responsible manufacturing practices.

Brandix Group is another Victoria’s Secret & Co. partner that shares our values and demonstrates a deep commitment to the environment. Through its support of the Green Building Council’s “Go Green” Campaign where it has manufacturing operations in Sri Lanka, Brandix is dedicated to raising awareness on the importance of environment protection and sustainable, practical solutions. Consistent with this commitment to environmental sustainability, Brandix built the first LEED (Leadership in Energy and Environmental Design) Platinum-rated apparel factory under the Green Building Rating System of the U.S. Green Building Council (USGBC) and obtained LEED certification for three additional facilities. In addition, Brandix installed the largest rooftop solar plant in Sri Lanka as part of their efforts to reduce their carbon footprint.

By developing its own assessment tool - Eco Index, Brandix is able to quantify reductions in key environmental indicators for air, water and earth as they rollout initiatives to all of their locations in an effort to minimise CO2 emissions, energy and water consumption and solid waste disposal.

We’re also thrilled to highlight our partner, MAS Holdings. Our unique partnership with MAS Holdings has led to groundbreaking progress on the Forever Bra, which features our first bra pad designed for circularity. For over three decades, MAS has set out to reimagine the way the industry approaches manufacturing. At its core, MAS is committed to inspiring sustainable change in a way that works toward climate resilience, enriches lives and drives innovation that fuels positive change.