Can a clothing company lift people out of poverty?
Founded in 1963, Inditex is one of the world’s largest fashion retailers, with eight distinct brands from Zara to Pull&Bear to Breshka. They have invested in a host of social programmes to improve the quality of life of some of the most disadvantaged members of the world. In 2016, such programmes directly benefitted 1.1 million people.
Improving community welfare
At Inditex, they believe that their resources and activities can contribute to the development of societies across the world. Through aligning their community investment model with the United Nations Sustainable Development Goals (SDGs), they have created an axis through which their commitment to the well-being of people and the community is carried out. Their commitments are often supported through regular collaborations with organizations such as Médecins Sans Frontières (MSF), Water.org, and Cáritas.
Inditex’s ground-breaking social programmes have had a significant positive effect on communities across the world. In 2016, Inditex’s investment in social programmes exceeded 40 million euros, 14% more than the previous year. In addition, the social programmes implemented during the year have directly benefited 1.1 million people globally.
The Bangladeshi community development programme works to improve living conditions in the most disadvantaged areas of Dhaka, it’s capital. They work in urban areas known as slums, where the vast majority of the population are in extreme poverty, to improve the quality of life and well-being in these areas. Inditex has created social institutions for underprivileged and unemployed women and established five childcare centres, which provide assistance in primary, maternal and reproductive health.
This story shows how Inditex supports Goal 1: No Poverty, specifically Target 1.4: “By 2030, ensure that all men and women, particularly the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership, and control over land and other forms of property, inheritance, natural resources, appropriate new technology, and financial services including microfinance.”
Founded in 1963, Inditex is one of the world’s largest fashion retailers, with eight distinct brands. Headquartered in Arteixo, Spain, they sell in 202 markets through their online platform and 7,000 stores globally.
Learn more about Inditex and Caritas.