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, despite incremental improvement from some sector leaders, a new report from the Business of Fashion has shown.Sports brand Puma scored best, but still only got 49 points out of 100. Gucci-owner Kering came second, with Levi Strauss third.
Sarah Kent, The Business of Fashion chief sustainability correspondent, says: “Fundamentally the big picture is that the industry is wildly underperforming.” The survey covered the industry’s 30 largest listed firms. Companies scored the highest for reducing emissions, and did the worst at reducing waste. The report says firms must find a way to drive financial growth, without just making more .
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fashion industry risks falling wildly short of green goalsSigns of progress largely incremental, Business of Fashion report shows
Source: BDliveSA - 🏆 12. / 63 Read more »
Green is not in yet in the fashion industry: sustainability reportBrands face pressure to show they are doing better on the environmental front, but they seem to be slacking
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Green is not in yet in the fashion industry: sustainability reportBrands face pressure to show they are doing better on the environmental front, but they seem to be slacking
Source: SundayTimesZA - 🏆 47. / 51 Read more »