The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — Burberry Group Plc has set targets to cut greenhouse gas emissions in its bid to become carbon neutral in operational energy use by 2022.
The British fashion house plans to reduce emissions from both its direct operations and from its extended supply chain, according to a statement on its website. The company said it is already carbon neutral in the Americas region, EMEIA retail stores and its UK operations.
Burberry announced plans last year to end the practice of destroying unsold items after shareholders objected to the disposal of millions of pounds worth of goods. The company has pledged to lower greenhouse gas emissions 95 percent from its direct operations by 2022 from a 2016 base year and by 30 percent from its supply chain by 2030.
A report by consultancy BCG and sustainable fashion groups last year found the industry’s progress at implementing commitments like reducing carbon emissions and water use and increasing the use of sustainable materials was slower in 2018 than in the previous year.
By Niveditha Ravi; editors: Christopher Kingdon, Tiago Ramos Alfaro.
In the weeks since one of the industry’s most promising recycling start-ups filed for bankruptcy, big brands have put more money and more commitment into bringing innovations to market.
Thirty years of providing the world’s finest wool to the fashion house Loro Piana has done almost nothing for the Indigenous people of the Peruvian Andes.
The fast-fashion giant has joined Vargas and TPG to back a new polyester recycling venture following its failed bet on Renewcell.
Meeting the industry’s emissions targets will require more collective action and new financing models, according to a new report by leading manufacturers.