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Fashion firms need to increase efforts to achieve climate goals: Business of Fashion

  

The 30 largest listed fashion firms must do more to hit Paris Climate Accord Targets and UN sustainable development goals, although some are improving their social and environmental credentials, says Sarah Kent, Chief Sustainability Correspondent, The Business of Fashion.

Fashion brands face increasing pressure from consumers, particularly younger ones, and governments to show they are doing better on environmental issues.

Though a few front runners are making small steps, however, the industry is largely underperforming, adds Kent.

In its second report, the Business of Fashion Sustainability Index 2022 analyzed publicly-disclosed information on environmental targets and policies, including workers’ rights, in three categories - luxury, sportswear and high street fashion.

Puma was ranked highest, scoring 49 points out of 100, followed Kering , last year's leader, Levi Strauss , H&M Group and Burberry.

The report said companies could lose their cultural relevance and destroy long-term value by failing to act.

The companies’ overall scored highest for progress in reducing emissions out of the areas assessed in the report, but they scored worst in reducing waste.

 
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