Fashion industry risks falling short of green goals, Business of Fashion report says

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Despite incremental improvement from some sector leaders, the fashion industry's 30 largest listed companies risk falling short of social and environmental targets of the Paris climate agreement and UN Sustainable Development Goals, a report from the Business of Fashion showed Tuesday.

"You’ve got some front runners making small steps of progress but fundamentally the big picture is that the industry is wildly underperforming," Sarah Kent, chief sustainability correspondent of The Business of Fashion told Reuters.

Puma led the report with the highest score, scoring 49 points out of 100, followed by last year's leader, Kering, which continued to lead rankings of luxury players. Levi Strauss, H&M Group and Burberry-- a new addition to the study this year-- were next in the rankings. "There are signs of progress but it’s largely incremental-- we’re not seeing the big transformational leaps that we really do need to see over the next 8 years in order to get from where we are today to an industry that is operating at a level that is not going to blow through the ambitions of the Paris climate agreement," or other key industry targets, Kent said.

Out of six topics, which included workers rights and materials, the companies overall scored highest for progress in reducing emissions while the least amount of progress was made in reducing waste.

 

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