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.
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This week, the United Nations’ Intergovernmental Panel on Climate Change released a new report from the world’s top climate scientists, warning that global temperatures will rise 1.5 degrees Celsius by 2040 and underscoring that human influence is “unequivocally” responsible for global warming since the late 19th century.
The fashion industry’s greenhouse gas emissions are estimated to be between 4 and 10 percent of the global total. “In the last two years, many of the industry’s biggest brands have taken steps to address emissions within their own supply chains,” says BoF deputy editor Brian Baskin. “It can be hard to tell how effective the industry’s efforts have been and what else needs to be done to address climate change.”
On this week’s BoF Podcast, Baskin is joined by Michael Sadowski, a sustainability advisor and former vice president of sustainability at Nike; Laila Petrie, chief executive of sustainability consultancy 2050, which works with the Fashion Pact; and Hannah Phang, head of marketing and advocacy at sustainability consultancy Futerra to unpack fashion’s role in slowing global warming.
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The Sustainability Regulations That Could Reshape Fashion
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From products made of recycled plastic to take-back programmes, some of fashion’s favourite sustainability solutions are problematic, argues Beth Esponnette.
Partnering with Copenhagen Fashion Week, BoF invited market leaders including Pascal Morand, Julie Gilhart, Ganni co-founder Nicolaj Reffstrup, EU Parliamentary Committee chair Dr Christian Ehler, journalist Clare Press, executives from Renewcell and Lenzing, and others from across the value chain, to work together towards actionable solutions capable of urgently altering the industry’s ecological impact.
Over the last decade, the industry has ratcheted up its spending on lobbying efforts in the US. Now, emerging sustainability regulations are drawing increased attention.
How to best spend the large sums it will take to cut the fashion industry’s carbon emissions? The Apparel Impact Institute is launching a pre-vetted portfolio of climate solutions in an effort to better direct investment.