Environmental, Social, and Governance
RTR’s Impact Strategy goals are focused on important issues facing the fashion industry.
See our Impact Strategy to learn about the goals driving our ESG work. Below are key highlights.
Environmental
Displace New Production
Displacing the need for new production of at least half a million garments by fiscal year end 2026.
Minimize Waste
Minimizing waste from our warehouse operations and diverting as much as possible from landfill, which means continuing to divert nearly 100% of unusable clothing from landfill.
Offset Carbon Emissions
Offsetting 100% of carbon emissions from shipments to and from customers starting in fiscal year 2022.
Social
Foster Diversity and Inclusion in our Workforce
Cultivating a diverse and inclusive workforce where all employees thrive.
Support Diversity in Fashion
Working with a vibrant community of diverse brands and talent in order to cater to our customers’ diverse needs.
Governance
The Nominating and ESG Committee of the Board of Directors is responsible for overseeing our ESG strategy and progress.
We’re committed to being transparent about our progress and report against our goals annually.
Being an agent of change is part of the fabric of Rent the Runway: we built a more sustainable business model for fashion by encouraging customers to buy less and wear more. We believe in the power of our platform to radically alter the trajectory of the fashion industry, and unlike most in the space, our ESG initiatives complement – rather than compete with – our bottom line.
- Jennifer Y. Hyman, CEO, Co-Founder and Chair of Rent the Runway