The Client
Trinity principally engages in the retailing of premium menswear in Greater China and Europe, as well as licensing its major brands globally. The Group manages four international menswear brands: Gieves & Hawkes, Kent & Curwen, Cerruti 1881, which are owned, and D’URBAN, which is operated under a long-term license in Greater China.
The Challenge
In 2017, Trinity sanctioned Turnkey to develop a sustainability roadmap to enhance the business’s value and incorporate strong ESG values throughout the organisation. They wanted to focus on using ESG to drive business efficiency and profitability while mitigating risk and responding to legislative demands.
The objective of incorporating ESG throughout Trinity was to ensure the following outcomes:
- Define energy reduction opportunities in retail, logistics, sourcing and product development
- Challenges in data management and reporting related to frequent store turnover and location changes
- Reduce the negative impace on the enviroment and society
- Precipitate emission and water reduction within their factories
Increase
Company Valuation
Compliance & Framework Reporting
Mitigate
Investment Risk
Data Analysis & Optimisation
Reputation Management
The Turnkey Solution
Turnkey implemented their sustainability software, allowing for data capture and monitoring in over 300 locations, including stores, factories, and offices.
This standardised data capture allowed monitoring of energy, fuel, gas, and water consumption. Turnkey also monitored material and refrigerant consumption records.
Turnkey was able to track the performance of this data across consumption, emissions, and costs, allowing them to identify savings opportunities and ease the overall energy and waste costs for Trinity Group, allowing them to open budget for future sustainability investment.
The sustainability framework monitored social impact around labour, workforce turnover, and training standards.
The Results
The Turnkey ESG software provided material results for Trinity Group, including:
- Mitigation of legal, operational, and reputational risk
- Strengthend company valuation and branding
- Optimised cost savings, allowing Trinity Group to re-allocate budget
- Compliance with the HKex sustainability reporting requirements