Savers Value Village: A Pioneer in Sustainable Retail

Savers Value Village, Inc. (SVV) has been recognized as a leader in sustainable business practices, earning the prestigious SDG Pioneer Award at the 2024 Reuters Sustainability Awards. This accolade highlights SVV's significant contributions to society and the environment, aligning with the United Nations' Sustainable Development Goals (SDGs).

SVV's business model is centered around the thrift store concept, which inherently promotes sustainable consumption and waste reduction. By sourcing and selling secondhand clothing and household items, the company diverts millions of pounds of reusable goods from landfills each year. This circular economy approach helps mitigate the environmental impacts of the textile industry, which is one of the most polluting sectors globally.

SVV's commitment to sustainability extends beyond its core business model. The company partners with over 1,000 non-profit organizations, providing them with unrestricted revenue to support their community-focused missions. This collaboration not only fosters community development but also contributes to poverty alleviation, as the funds generated help non-profits fund their programs and services.

SVV's dedication to diversity, equity, and inclusion is another key aspect of its sustainability efforts. The company strives to create an inclusive work environment, with 59% of management roles held by team members identifying as female and 56% of the U.S. workforce represented by diverse backgrounds and ethnicities. This commitment to equality and inclusion contributes to the achievement of SDG 5: Gender Equality and SDG 10: Reduced Inequalities.

Savers Value Village's innovative approach to retail has not only generated positive environmental and social impacts but has also proven to be a successful business strategy. The company's unique value proposition, coupled with its commitment to sustainability, has enabled it to build a loyal customer base and establish itself as a leader in the for-profit thrift category.

In conclusion, Savers Value Village, Inc. serves as an exemplary model of a sustainable and responsible business. By embracing the thrift store concept, fostering community partnerships, and promoting diversity and inclusion, SVV has demonstrated that what's good for the planet is also good for business. The company's recognition as an SDG Pioneer at the 2024 Reuters Sustainability Awards is a testament to its unwavering commitment to sustainability and its positive impact on society and the environment.