Fashion industry’s 30 largest publicly traded companies risk falling short of the Paris climate agreement’s and UN Sustainable Development Goals’ social and environmental goals, despite some sector leaders’ incremental improvements, according to a report released Tuesday by the Business of Fashion.
“You’ve got certain front runners making little strides forward, but the broader picture is that the sector is dramatically failing,” Sarah Kent, The Business of Fashion’s lead sustainability reporter, told Reuters.
Fashion brands face increasing pressure from consumers and governments to show they are doing better on the environmental front.
The Business of Fashion Sustainable Index 2022 analyzed publicly-disclosed information of companies in three categories – luxury, sportswear and high street fashion.
Puma led the report with the highest score, scoring 49 points out of 100, followed by Kering, Levi Strauss, H&M Group and Burberry.
This report’s information was first seen on Reuters; to read more, click this link.
