Renowned international fashion and luxury conglomerate overseeing brands like Diesel, Jil Sander, Maison Margiela, Marni, Viktor & Rolf, as well as holding stakes in companies like Staff International and Brave Kid, OTB has unveiled its third Sustainability Report.
The report delineates OTB strides and accomplishments concerning environmental, social and governances in 2023 through a meticulous monitoring and reporting processes. The group persists in its dedication to sustainability by remaining rooted in its three pillars—‘The New Fashion System,’ ‘Protecting our Planet,’ and ‘Brave Together.’
Under the ‘The New Fashion System’ pillar, OTB focuses on adopting solutions that prioritise minimal environmental impact, circularity and product longevity, and advocating for responsible materials and treatments.
To achieve this, OTB has pledged to ensure that 25 per cent of total purchases are from only certified materials adhering to environmental and animal welfare standards, constituting.
Each brand within the group is actively contributing to this endeavor. For instance, Diesel's denim collections strive to incorporate over 50 per cent organic, recycled, and regenerative cotton.
In parallel, OTB allocates significant resources to combat counterfeiting, crucial for ensuring consumer safety and brand integrity. The group also continues to pioneer technological solutions for product authenticity. Through collaborations like the Aura Blockchain Consortium, over 580,000 products from Marni, Maison Margiela, and Jil Sander were encrypted on the blockchain platform, marking a 200 per cent increase from the previous year, totaling over 800,000 products. Additionally, OTB is deeply involved in projects nurturing the growth and development of its value chain partners, with initiatives like the ‘M.A.D.E. - Made in Italy, Made Perfectly’ docuseries and the C.A.S.H. project.
Under the ‘Protecting the Planet’ pillar, OTB received validation of its environmental impact reduction targets from the Science Based Target initiative (SBTi), recording a significant decrease in emissions and substantial use of renewable energy sources.
As a member of The Fashion Pact, OTB is committed to reducing the environmental footprint of the industry and promoting circular models, exemplified by initiatives like the Re.Crea Consortium.
Lastly, within the ‘Brave Together’ pillar, OTB champions socially sustainable initiatives, including gender equality efforts and impactful projects supported by the OTB Foundation.
Renzo Rosso, Chairman and Founder, OTB Group, emphasises, sustainability is a mindset shared across the Group, with 2023 marking significant milestones in environmental achievements and social impact. He urges the industry to make collaborative efforts to drive substantial change and attain even more ambitious goals.
