The report shows that, while progress is mixed, it appears charter signatories are better positioned to act on climate as signatories must disclose climate-related data to CDP. While only 10 percent of the wider apparel sector has set science-based targets , 40 percent of charter signatories have done so. However, over the past three years, some 31 signatories lost accreditation with the charter due to “failure to report” and others simply left in favor of “other industry coalitions.
Less than 2 percent of companies currently have a verified net-zero target, with nearly 30 percent having “committed” to set them. Only a handful, or seven signatories, have achieved reductions of at least 30 percent in Scope 3, which is crucial as indirect operations account for the majority of supply chain impact.
Energy is part of the equation, too. While the majority of signatories reported renewable energy consumption, and 15 percent source all renewable today, there needs to be a sizable jump to reach 100 percent renewable energy sourcing by 2030.is mostly game for politics, with around half of signatories getting behind a trade organization to lobby, as opposed to 26 percent who engage directly with policy makers on climate-related issues.
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