The brands are among the lead donors to a new fund, which is designed to de-risk and scale high-impact projects so they can attract up to $2 billion in more conventional financing.
The UN Fashion Charter upgraded its targets to drastically slash emissions by the end of the decade and added LVMH as a signatory.
The biggest sources of emissions are hidden deep in the industry’s supply chain. Here’s how some brands and activists are looking to fix that.
In the midst of the pandemic, brands are continuing to make big, long-term commitments to environmental and social goals, but with money tight, progress is likely to be fraught.