El Corte Inglés bets for eco fashion and creates alliance with BCI
The Spanish department store giant has as a goal to potentiate sustainability for 2023, so 50% of the cotton used by the group belongs to the BCI program.
El Corte Inglés makes a move towards eco. The Spanish department store giant has sealed an alliance with the organization Better Cotton Initiative (BCI) with the goal that by 2023, 50% of the cotton used by the group belongs to the BCI’s program.
At the same time, the group continues in the project Caritas Moda Re, to pick up garments in its stores to be recycled after. Besides that, El Corte Inglés counts with items certified by the Global Organics Textile Standard (Gots) and Organic Content Standards (OCS).
According to the BCI 2018 Annual Report, during the last season, the platform jointed two million farmers and added 5.1 million of metric tons. Compared to the previous campaign, the production of this kind of cotton grew 50% after increasing in every county where the organization is present, including India, Pakistan, South Africa and United States.
El Corte Inglés ended 2018 with a rise of 27.7% in its net benefit, up to 258.2 million euros (287.3 million dollars). The revenue of the Spanish giant grew 1.1% last year, up to 15.7 billion euros (17.4 billion dollars).
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