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Fashion’s negative impact on people and the planet is in focus like never before. Pressure to change is coming from investors, consumers, regulators and even inside big brands themselves. Companies are responding with high-profile commitments to do better. But are they actually making a difference?
In the latest episode of the BoF Podcast, London editor Sarah Kent and editor-in-chief Imran Amed discuss The BoF Sustainability Index, an in-depth analysis of how 15 of fashion’s largest companies measure up on sustainability.
The fashion industry has an important role to play in tackling global sustainability challenges, both because of its impact and its influence. “Fashion often flies under the radar,” explains Kent. “[But] it has power to really change people’s views and behaviours and drive a shift that other industries cannot so easily engage in.”
Overall, BoF’s analysis found that the big companies’ commitments are outpacing action. “Some [companies] are leading the pack and some are just getting started, but overall things are not changing fast enough.”
While the pandemic remains an immediate crisis for the industry, the climate crisis is increasingly in focus ahead of the UN Climate Change Conference due to take place in Glasgow later this year. “I think what is pretty well established now is the direction of travel that is needed,” says Kent. “What we need to start seeing is the strategies that are going to get us there. Where are the investments going to be made?”