Global Fashion Group S.A. is a leading online fashion and lifestyle retailer that operates across emerging markets in Asia, Latin America, and the Commonwealth of Independent States (CIS). The company was founded in 2011 and is headquartered in Luxembourg. It is listed on the Frankfurt Stock Exchange and has a market capitalization of over €1 billion.

Global Fashion Group S.A. operates in the Apparel & Footwear - Online sector, which has seen significant growth in recent years due to the increasing popularity of online shopping. The company operates several e-commerce platforms, including The Iconic, Zalora, Dafiti, and Lamoda, which offer a wide range of fashion and lifestyle products to customers in their respective markets.

The company has a strong commitment to sustainability and has implemented several initiatives to reduce its environmental impact. One of its key focus areas is decarbonisation, which involves reducing greenhouse gas emissions from its operations. Global Fashion Group S.A. has set ambitious targets to reduce its carbon footprint, including a goal to achieve net-zero emissions by 2040.

To achieve this goal, the company has implemented several measures to reduce its energy consumption and increase its use of renewable energy. One of these measures is the implementation of corporate energy management systems, which allow the company to monitor and manage its energy use more efficiently. This includes the use of energy-efficient lighting and HVAC systems, as well as the installation of solar panels and other renewable energy sources.

In addition to this, Global Fashion Group S.A. has also entered into several corporate power purchase agreements (PPAs) to source renewable energy directly from wind and solar farms. These agreements allow the company to purchase renewable energy at a fixed price, which helps to reduce its exposure to volatile energy prices and support the growth of renewable energy.

One example of a corporate PPA that Global Fashion Group S.A. has entered into is with Enel Green Power, a leading renewable energy company. Under this agreement, the company will purchase 100% of the electricity generated by a 10 MW solar plant in Brazil for a period of 10 years. This will help to reduce the company's carbon footprint by over 6,000 tonnes of CO2 per year, which is equivalent to the emissions from over 1,300 cars.

Global Fashion Group S.A. has also implemented several other initiatives to reduce its environmental impact, including the use of sustainable materials in its products and packaging, as well as the implementation of recycling programs in its offices and warehouses. The company has also set up a sustainability committee to oversee its sustainability strategy and ensure that it remains aligned with its business objectives.

Overall, Global Fashion Group S.A. is a leading online fashion and lifestyle retailer that is committed to sustainability and reducing its environmental impact. The company has implemented several measures to reduce its energy consumption and increase its use of renewable energy, including the implementation of corporate energy management systems and the use of corporate PPAs. With its strong focus on sustainability, Global Fashion Group S.A. is well-positioned to continue to grow and succeed in the rapidly evolving online fashion and lifestyle sector.