Planet, Talent, Product and Policy are the pillars that shape Timanz’s framework to address Environment, Social and Governance issues; four pillars that make a difference for our company, for the industry, and for the world.

Climate change is one of the defining challenges for our planet. We are fully committed to our corporate responsibility to improve our environmental impact as a global business in terms of greenhouse gas emissions, waste, the use of water and chemicals within our supply chain, and making the environmental performance of the brands sold on our platform transparent.

People are at the heart of our business. We drive a diverse, fair, inclusive and positive culture for our talent, partners, customers and the wider luxury industry.

We strive to be fully transparent about the Environment, Social and Governance issues impact of our brands and our products. We work with our brand partners and experts to help drive transparency, and to support animal welfare, responsible sourcing and the circular economy.

We commit to the highest standards of corporate governance regarding data management, corporate behavior and legal compliance with our policies.

Sustainability is a journey, not an end state; it’s about practices, not just goals. In a world where environmental, social and governance concerns are becoming more urgent than ever, we want to grow our business in the most sustainable way. Each of the deeply intertwined four pillars pave the way for our continuous profitable and responsible growth, as we build on our ongoing efforts to create a positive impact in our industry and on our planet.

This is our vision and framework to achieve our bigger purpose. This is the Timanz Commitment.

The Timanz Management Board

OUR COMMITMENTS

• Become carbon-neutral in our own operations (Scope 1 and 2) as well as shipments, returns and packaging (part of Scope 3) starting with FY 2022 (starting July 2021)*
• Offset the non-avoidable GHG emissions with Gold Standard-certified project
• Use close to 90% of electricity in our own operations from renewable electricity sources by the end of FY 2022 (ending June 2022)
  
  *Scope 1 and 2 emissions include vehicle fleet, cooling agents, heating, electricity, externally generated heat, and direct cooling. Scope 3 emissions include inbound and outbound logistics, flights and employee commuting, rental cars and private vehicles, upstream emissions of fuel, train trips, packaging materials, upstream emissions of heating / cooling and electricity, external data center, and waste treatment.

• Total GHG footprint by Scope (Scope 1, 2 and partly 3) per order shipped and in total
• Total GHG footprint of product shipments per order shipped and in total
• Total energy consumed, % grid electricity, % renewable electricity used in our own operations (Scope 1 and 2) per order shipped and in total
• Total water withdrawn, total water consumed, % of each in regions with High or Extremely High Baseline Water Stress
• Description of strategies to reduce the environmental impact of product delivery
• Discussion of the integration of environmental considerations into strategic planning for data center needs

• Ensure that 100% of Timazn´s operational waste is reused, donated, recycled or composted by the end of FY 2023 (ending June 2023)
• Reduce waste from single-use plastics and report progress by the end of FY 2023 (ending June 2023)
• Develop a fully ecologically recyclable Timazn packaging and implement by the end of FY 2023 (ending June 2023)

• Amount of total operational waste and disposal methods from logistics, offices and stores (in metric tons) per order shipped and in total
• % of operational waste that is recycled

• Inform customers about the GHG emissions created with their order and offer to participate in offsetting their order from January 2022 on wards
• Inform customers on how to reuse and recycle our packaging

• % of customers offsetting their order