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Why fashion is paying green dividends Boohoo Group’s new remuneration policy is the latest green financing initiative to offer incentives for fashion’s environmental and social performance Boohoo Group announced in its annual report, published on 19 May, that its remuneration policy for the financial year ending February 2022 will link the bonuses of its senior executive directors – including its co-founders, CEO Carol Kane and executive chairman Mahmud Kamani – to its environmental, social and governance (ESG) improvements, as well as financial performance. Remuneration will be pegged to the fast fashion etailer s Agenda For Change targets. The initiative was launched in September 2020, following a review into its supply chain, led by barrister Alison Levitt. The targets include all polyester and cotton to be recycled, or more sustainable, disclosing all raw material suppliers and aspiring to be independently recognised as the best online retailer to work for, all by 20

Dorothy perkinsHelen ashcroftCarol kaneJohn miesnerKaren millenAlison levittPhilip dunneSalvatore ferragamoMahmud kamaniNick jonesEnvironmental audit committeeHm groupBoohoo groupVf corporationBetter cotton initiativeAgricole group