The Fashion Industry Is One of the Biggest Supporters of Modern Slavery Across the Globe

  • 📰 Fashionista_com
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The fashion supply chain funnels more money toward modern slavery than any other industry besides tech:

Author:Whitney BauckUpdated:Nov 21, 2018Original:Jul 24, 2018For a few years, the idea that the fashion industry was the world's second-most polluting industry circulated constantly, repeated in endless articles and sustainability summits. While that fact has turned out to be impossible to prove, a new report suggests one that's just as dark: The fashion supply chain funnels more money toward modern slavery than any other industry besides tech.

The Global Slavery Index's 2018 report, published by the Walk Free Foundation, states that $127.7 billion worth of garments at risk of including modern slavery in their supply chain are imported annually by G20 countries, a group of nations which account for 80 percent of world trade. These imports help underwrite a global economy that trapped 40.3 million people in modern slavery in 2016, 71 percent of whom were women.

Across the pond in the U.K., the problem takes a similar format, with imports of apparel possibly tainted by slave labor being worth $9,289,350 annually. Like California's legislation, the U.K. Modern Slavery Act of 2016 requires that businesses of a certain size publish what they're doing to combat slave labor in their supply chains. Since then, thousands of brands including Burberry and Asos have released statements on the matter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 474. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Black in Fashion Council Will Establish an Equality Index Score for Companies Across the IndustryThe Black in Fashion Council, founded by Lindsay Peoples Wagner and Sandrine Charles, will establish an equality index score for companies across the industry TeenVogue sandrinecharles Why not support the business family who were distracted by the mlb and antiva TeenVogue sandrinecharles Wonderful idea. Thank you to the founders Lindsay and Sandrine for setting this up. I have a wonderful streetwear fashion line I would like to introduce you to please let me know how to reach!! I am excited to see how the Black in Fashion Council will shake up the industry. TeenVogue sandrinecharles What is the methodology behind the equality index score?
Source: VogueRunway - 🏆 705. / 51 Read more »

Goldman Sachs CEO warns of even more job losses across industries through the next year - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why do all these guys look like goblins He has Puts same bad actors, same job losses - they take the money with open hands but do nothing to find solutions to employment even after cannibalizing industries across and corrupting the integrity of them across various multiples.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asian stocks set to track upbeat Wall Street despite rising infectionsAsian stocks were set to edge up on Tuesday after oil prices rose and technology firms pushed Wall Street higher, although investors remained worried about fresh coronavirus outbreaks across the globe. Decent timing on story
Source: Reuters - 🏆 2. / 97 Read more »