Fashion industry falls short of environmental targets set up by the UN

By Nikita Chaurasia  | Date: 2022-06-02

Fashion industry falls short of environmental targets set up by the UN

Around 30 of the world's largest fashion companies are reportedly lagging in terms of the United Nations' environmental targets set for sustainable fashion clothing. Although some fashion houses are steadily improving their climate credentials through constant effort, many are missing the mark of their Paris climate agreement expectations.

Sources claimed that brands are under increasing pressure from their customers, particularly the younger generation, and governments to demonstrate their commitment to enriching environmental conditions and combating complexities. Failure to do so may result in them losing cultural relevance and long-term value.

According to a correspondent from a leading industry publication, many fashion brands are taking baby steps toward eco-friendly goals, but it is allowing for little-to-no impact because the industry appears to be underperforming.

The Business of Fashion Sustainability Index 2022 published a public analysis of sustainability goals and policies categorized by sportswear, high street fashion, and luxury brands. The details of the documents presented that Puma led the pack with 49 points out of a possible 100, followed by last year's champion, Kering, and subsequently, Levi Strauss, H & M Group, and Burberry.

Puma CEO Bjorn Gulden stated that the company appreciates the recognition but there is still much more work to be done toward ecological responsibility. Meanwhile, Kering's Chief Sustainability Officer, Marie-Claire Daveu, stated that the company is aware of the obstacles that lie ahead.

While the brands did well in terms of reducing emissions in the assessed areas, they performed terribly in terms of minimizing waste.

Experts predict that top executives at leading brands will have a daunting job in explaining to shareholders how they will drive profit development without stimulating production, which would necessitate extracting more and eventually lead to more waste.

Source credits –

https://money.usnews.com/investing/news/articles/2022-05-31/fashion-industry-risks-falling-short-of-green-goals-business-of-fashion-report-says

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More >>

More News By Nikita Chaurasia

Swiftly achieves Unicorn status with $100M Series C led by BRV Capital

Swiftly achieves Unicorn status with $100M Series C led by BRV Capital

By Nikita Chaurasia

Swiftly Systems has reportedly achieved unicorn status, securing in funding through a Series C round. The prominent BRV Capital Management led this funding initiative. According to the earlier reports, Swiftly was adopted by hundreds of consumer b...

Rainforest nations unify to demand cash for climate & biodiversity preservation

Rainforest nations unify to demand cash for climate & biodiversity preservation

By Nikita Chaurasia

As per the reports, twelve nations with rainforests united to establish a collective initiative aiming to address climate change and safeguard biodiversity at summit held in Brazil. The declaration, titled "United for Our Forests," emerged ...

AI Chatbot, Llama 2, unveiled by Meta for commercial use via Microsoft

AI Chatbot, Llama 2, unveiled by Meta for commercial use via Microsoft

By Nikita Chaurasia

Meta Platforms has recently introduced Llama 2, an artificial intelligence large language model, for commercial use in collaboration with major cloud providers like Microsoft. Instead of charging for access or usage, Meta aims to share the model with...

Moderna signs agreement to explore mRNA medicines in China

Moderna signs agreement to explore mRNA medicines in China

By Nikita Chaurasia

Moderna Inc, a leading vaccine manufacturer, reportedly announced on Wednesday that it has entered into a memorandum of understanding (MoU) and a land collaboration agreement aimed at exploring opportunities for researching, developing, and producing...

Nike and Epic Games collaborate to launch Airphoria NFT in Fortnite

Nike and Epic Games collaborate to launch Airphoria NFT in Fortnite

By Nikita Chaurasia

The American footwear design & manufacturing company, Nike and Epic Games, the creators of the popular online game Fortnite, have joined forces in an exciting new collaboration. The partnership aims to bring about a groundbreaking change in the d...