NamasteIndia reads Fashion industry is a significant contributor to global greenhouse gas (GHG) emissions, accounting for an estimated 3% to 8% of the total¹.
Many fashion brands are struggling to meet their decarbonization targets¹².
High Emissions: The fashion industry emits around 2.1 billion metric tons of GHGs annually².
Decarbonization Challenges: About two-thirds of fashion brands are behind on their decarbonization schedules, with 40% seeing an increase in emissions since making sustainability commitments¹.
Supply Chain Impact: A significant portion of emissions comes from the supply chain, particularly in manufacturing countries like Bangladesh, China, India, and Vietnam¹.
Collaborative Efforts: Bestseller, Gap Inc., H&M Group, and Mango, are collaborating to share the costs and responsibilities of reducing CO2 emissions in the supply chain⁴⁹.
References
(1) Sustainable style: How fashion can afford decarbonization | McKinsey. https://lnkd.in/d3p8jfEx.
(2) How the fashion industry can reduce its carbon footprint | McKinsey. https://lnkd.in/dyRsnJd5.
(3) Fashion Giants Join Forces to Share Cost of Supply Chain …. https://lnkd.in/dU5N8JHe.
(4) Major brands commit to innovative collective financing model to …. https://lnkd.in/dFQ9_tm6.
(5) Six cost-effective ways fashion brands can decarbonise. https://lnkd.in/dcf6FEg2.
(6) Fashion brands, part of high-emitting industry, hide decarbonisation plans. https://lnkd.in/dGsgY246.
(7) Why fixing fashion’s pollution crisis requires big brands to share the cost. https://lnkd.in/ddMFsiET.
(8) Six cost-effective ways fashion brands can decarbonise – MSN. https://lnkd.in/dqxc9rp8.
(9) Fashion brands falling behind on decarbonisation targets. https://lnkd.in/dhBSVZFw.
(10) Fashion Brands Unite To Decarbonise The Sector. https://lnkd.in/dnGh7vQH.
https://lnkd.in/d3p8jfEx
Originally published on LinkedIn on 2024-08-09 20:42:21: https://www.linkedin.com/feed/update/urn%3Ali%3AgroupPost%3A2474261-7227776240793866240
