Prevented disposal of >120m garments saving c. 1.1m/mt of CO2e

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Sustainability

Environmental stewardship through effective excess management

At the forefront of surplus inventory management, SVES recognizes the serious environmental impacts associated with excess stock. Left unaddressed, surplus items often end up in landfill or, in the worst-case scenario, incineration. These practices escalate environmental pollution and climate change.Through our unique operational model, SVES sees the potential to reduce environmental harm while also promoting a more sustainable retail sector. We employ a combination of operational excellence, distinguished industry experience, and our proprietary technology to redefine surplus inventory management. By pivoting from waste creation to waste prevention, we demonstrate to the industry that profitability and environmental stewardship can be achieved concurrently.Our ambitious environmental efforts have already yielded tangible results. Since 2018, SVES has successfully prevented the disposal of over 120 million garments. This achievement not only emphasizes the commercial potential of surplus items but also underlines our commitment to reducing waste and associated environmental harm.Furthermore, by preventing the disposal and possible incineration of these garments, we have also significantly reduced carbon emissions. As per industry benchmarks, the production of a single garment generates roughly 9.5 kg of CO2e. Based on this, we estimate that our initiatives have helped to save approximately 1.1 million metric tonnes of carbon dioxide equivalents. This usefully contributes to climate change mitigation efforts, demonstrating the significant role that efficient surplus inventory management can play in the larger environmental preservation picture.As SVES expands, our strategy for environmental conservation through effective inventory management continues to grow in potency. By helping brands minimize waste from surplus inventory, we play a substantial role in reducing their carbon footprints and fostering a sustainable operational model. SVES is a testament to the industry's potential to catalyze environmental preservation, proving that strategic surplus inventory management can translate into impressive commercial and ecological gains.

Important Note:The carbon emissions savings mentioned here are estimated based on industry standards. It's important to understand that these figures are an approximation and actual carbon emissions for each garment can vary based on factors such as material type, manufacturing process, transportation methods, and disposal methods. Accurate carbon savings would require a comprehensive analysis of the lifecycle of each garment.Please note that these figures are approximate and can vary based on factors such as production methods, materials, and transportation. The sources used for this table include studies and reports from various sources:- International Labour Organization (ILO) 1
- McKinsey 10
- Carbon Trust 7
- Other research articles 2, 3, 6, 8, 9, 11

Origin story

Steeped in tradition, optimized for the future

Founded by our Chairman, industry pioneer Tim Fullum. Notably, a core member of the founding team of TJMaxx (TJX) alongside long-serving TJX Chairman & CEO Bernard (Ben) Cammarata. Tim brings a foundational perspective to the excess inventory problem. Tim's ironclad reputation in the industry is a testament to his invaluable experience and expertise. His deep understanding of the off-price landscape enables SVES to navigate the industry with unparalleled insight.Tim's critical involvement in educating key stakeholders around the world about the importance of excess inventory management paved the way for the industry to prosper some 40 years later. In 2017, industry stalwart Salomon Marciano joined SVES to enhance operational power. Tim's desire to acquire Salomon's operations was driven by Salomon's impressive global wholesale buying career, which brings vast experience and complementary skill sets to the table. This historical connection and his unwavering commitment to improving industry practices make SVES a trusted partner for suppliers and retailers alike.Together, Tim and Salomon have created a powerful engine with significant wholesale buying capacity and clean execution. This solution addresses three core pain-points for our suppliers: Financial Impact, Operational Impact, and Brand Reputation Impact. Backed by Tim and Salomon's expertise, SVES has earned a reputation as the go-to choice for the world's largest off-price retailer customers.