SHEIN goes big on impact in 2024 . Global fashion retailer SHEIN has released its annual Sustainability and Social Impact Report for 2024 , presenting substantial progress across environmental, social, and governance initiatives.
The comprehensive report highlights the company's commitment to sustainable business practices through its evoluSHEIN roadmap, which is built on three strategic pillars: Equitable Empowerment (People), Collective Resilience (Planet), and Waste-Less Innovation (Process). Enhanced
Governance and Strategic Direction SHEIN significantly strengthened its sustainability oversight capabilities in 2024 . The company established an External ESG Advisory Board (EEAB) , composed of independent experts who provide strategic guidance on ESG initiatives, policies, and practices.
Additionally, SHEIN launched the SHEIN Foundation , which brings together the company's philanthropic efforts under a single formalized structure.
The company also conducted a double materiality assessment in 2024 to identify issues that stakeholders consider most impactful on financial performance, as well as those where SHEIN's operations affect the planet and communities. This assessment serves as a strategic compass for future sustainability initiatives.
People: Strengthening Supply Chain Governance SHEIN's commitment to responsible business practices is evident in its supplier oversight. The company conducted 4,288 on-site audits on China-based suppliers and subcontractors, covering approximately 95% of SHEIN-branded products by procurement value…
