{"id":15577,"date":"2022-04-11T01:20:00","date_gmt":"2022-04-11T01:20:00","guid":{"rendered":"https:\/\/energytracker.asia\/?p=15577"},"modified":"2022-04-11T04:32:19","modified_gmt":"2022-04-11T04:32:19","slug":"the-environmental-impact-of-the-fashion-industry-and-the-need-for-change","status":"publish","type":"post","link":"https:\/\/energytracker.asia\/the-environmental-impact-of-the-fashion-industry-and-the-need-for-change\/","title":{"rendered":"The Environmental Impact of the Fashion Industry and the Need for Change"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>The environmental impact of the fashion industry often flies under the radar. However, a closer look reveals that the net-zero commitments of the global fashion industry are lagging behind those of other sectors. The lack of decarbonisation progress in the industry threatens to slow down the world\u2019s net-zero journey. Furthermore, greenwashing is becoming more and more common among many famous brands, while others are trying to convince the public that business growth and environmental friendliness are mutually exclusive. The few shining examples in the niche are not enough to change the status quo. The keys to change are regulatory and public pressure. &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-fashion-industry-s-environmental-impact\"><strong>The Fashion Industry&#8217;s Environmental Impact<\/strong><\/h2>\n\n\n\n<p>The fashion industry is responsible for 2.1 gigatonnes in humanity&#8217;s carbon emissions in 2018. This is close to <a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/industries\/retail\/our%20insights\/fashion%20on%20climate\/fashion-on-climate-full-report.pdf\">4<\/a><a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/industries\/retail\/our%20insights\/fashion%20on%20climate\/fashion-on-climate-full-report.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">%<\/a><a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/industries\/retail\/our%20insights\/fashion%20on%20climate\/fashion-on-climate-full-report.pdf\"> of all global emissions<\/a>, and it makes up about <a href=\"https:\/\/www.worldbank.org\/en\/news\/feature\/2019\/09\/23\/costo-moda-medio-ambiente\" target=\"_blank\" rel=\"noreferrer noopener\">10% of the world&#8217;s CO<sub>2<\/sub> emissions<\/a>. To put that into perspective, it is equivalent to the carbon emissions of some of the biggest economies globally, including the <a href=\"https:\/\/www.mckinsey.com\/industries\/retail\/our-insights\/fashion-on-climate\" target=\"_blank\" rel=\"noreferrer noopener\">UK, France, and Germany combined<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-environmental-cost-of-fashion-production\"><strong>Environmental Cost of Fashion Production<\/strong><\/h3>\n\n\n\n<p>While the environmental cost of fashion production is already massive, fashion sector emissions will continue to grow. If this is allowed to continue, these emissions will possibly rise <a href=\"https:\/\/www.wri.org\/research\/roadmap-net-zero-delivering-science-based-targets-apparel-sector\" target=\"_blank\" rel=\"noreferrer noopener\">to 1.588 gigatonnes by 2030<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"355\" src=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Projected-GHG-Emissions-for-the-Apparel-Sector-2019\u20132030-Source-World-Resource-Institute-1024x355.png\" alt=\"Projected GHG Emissions for the Apparel Sector, 2019\u20132030, Source: World Resource Institute\" class=\"wp-image-15578\" srcset=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Projected-GHG-Emissions-for-the-Apparel-Sector-2019\u20132030-Source-World-Resource-Institute-1024x355.png 1024w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Projected-GHG-Emissions-for-the-Apparel-Sector-2019\u20132030-Source-World-Resource-Institute-300x104.png 300w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Projected-GHG-Emissions-for-the-Apparel-Sector-2019\u20132030-Source-World-Resource-Institute-768x266.png 768w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Projected-GHG-Emissions-for-the-Apparel-Sector-2019\u20132030-Source-World-Resource-Institute-1536x532.png 1536w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Projected-GHG-Emissions-for-the-Apparel-Sector-2019\u20132030-Source-World-Resource-Institute.png 1554w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Projected GHG Emissions for the Apparel Sector, 2019\u20132030, Source: <a href=\"https:\/\/files.wri.org\/d8\/s3fs-public\/2021-11\/roadmap-net-zero-delivering-science-based-targets-apparel-sector.pdf?VersionId=LxrwUSv9dHytM7zybuQgoJ8LUHBZVgM1\" target=\"_blank\" rel=\"noreferrer noopener\"><em>World Resource Institute<\/em><\/a><\/figcaption><\/figure><\/div>\n\n\n\n<p>The environmental impact of the fashion industry affects more than just the climate. Studies have found that synthetic fibres account for <a href=\"http:\/\/changingmarkets.org\/wp-content\/uploads\/2021\/07\/SyntheticsAnonymous_FinalWeb.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">35% of marine microplastic pollution<\/a>. However, they also take a toll on terrestrial pollution, with 176,500 metric tonnes of polyester and nylon being released annually onto land. Currently, synthetic fibres produced from crude oil and natural gas account for <a href=\"http:\/\/changingmarkets.org\/wp-content\/uploads\/2021\/01\/FOSSIL-FASHION_Web-compressed.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">69% of the material input<\/a> for clothing production worldwide. Furthermore, the annual CO<sub>2<\/sub> emissions from polyester production today equal the yearly emissions of <a href=\"http:\/\/changingmarkets.org\/wp-content\/uploads\/2021\/01\/FOSSIL-FASHION_Web-compressed.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">180 coal-fired power plants<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-fashion-industry-s-environmental-impact-in-asia\"><strong>The Fashion Industry&#8217;s Environmental Impact in Asia<\/strong><\/h2>\n\n\n\n<p>It is no secret that most fashion brands produce their products in emerging Asian economies. The latest data shows that the <a href=\"https:\/\/oec.world\/en\/profile\/hs92\/textiles\" target=\"_blank\" rel=\"noreferrer noopener\">top five apparel exporters<\/a> by value are China, Bangladesh, Vietnam, Germany and India.<\/p>\n\n\n\n<p>China is responsible for producing <a href=\"https:\/\/goodonyou.eco\/made-in-china\/\" target=\"_blank\" rel=\"noreferrer noopener\">65% of the world\u2019s clothes<\/a>. Furthermore, apparel accounts for over <a href=\"https:\/\/asia.nikkei.com\/Spotlight\/The-Big-Story\/How-the-death-of-fast-fashion-is-transforming-Asia-s-garment-industry\" target=\"_blank\" rel=\"noreferrer noopener\">80% of Bangladesh\u2019s total exports<\/a>, while <a href=\"https:\/\/energytracker.asia\/asean-energy-outlook-advancing-energy-transition-through-innovation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Southeast Asia<\/a> is the <a href=\"https:\/\/www.fibre2fashion.com\/industry-article\/7319\/south-east-asia-the-fastest-growing-apparel-hubs-of-the-world\" target=\"_blank\" rel=\"noreferrer noopener\">fastest-growing apparel hub<\/a> globally. The result is massive textile waste and the use of fertilizers for cotton production.<\/p>\n\n\n\n<p>However, out of the 57 Asian companies from the textiles, apparel, footwear and luxury goods industries with <a href=\"https:\/\/sciencebasedtargets.org\/companies-taking-action#table\" target=\"_blank\" rel=\"noreferrer noopener\">near-term science-based climate commitments<\/a>, the targets of just eight of them align with a 1.5\u00b0C pathway.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-does-the-problem-exist\"><strong>Why Does the Problem Exist?<\/strong><\/h2>\n\n\n\n<p>First, the current net-zero pledges of the global industry and fast fashion brands are insufficient and incomplete. There are a limited number of targets covering Scope 3 emissions, which hold the highest share in companies\u2019 emissions. Furthermore, many brands do not even bother to disclose this information in their environmental reports.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"401\" src=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Scope-3-Emissions-Dominate-the-Breakdown-of-Emissions-for-a-Selection-of-Companies-with-Approved-SBTs-Source-World-Resource-Institute-1024x401.png\" alt=\"Scope 3 Emissions Dominate the Breakdown of Emissions for a Selection of Companies with Approved SBTs, Source: World Resource Institute\" class=\"wp-image-15584\" srcset=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Scope-3-Emissions-Dominate-the-Breakdown-of-Emissions-for-a-Selection-of-Companies-with-Approved-SBTs-Source-World-Resource-Institute-1024x401.png 1024w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Scope-3-Emissions-Dominate-the-Breakdown-of-Emissions-for-a-Selection-of-Companies-with-Approved-SBTs-Source-World-Resource-Institute-300x117.png 300w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Scope-3-Emissions-Dominate-the-Breakdown-of-Emissions-for-a-Selection-of-Companies-with-Approved-SBTs-Source-World-Resource-Institute-768x300.png 768w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Scope-3-Emissions-Dominate-the-Breakdown-of-Emissions-for-a-Selection-of-Companies-with-Approved-SBTs-Source-World-Resource-Institute-1536x601.png 1536w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Scope-3-Emissions-Dominate-the-Breakdown-of-Emissions-for-a-Selection-of-Companies-with-Approved-SBTs-Source-World-Resource-Institute.png 1833w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Scope 3 Emissions Dominate the Breakdown of Emissions for a Selection of Companies with Approved SBTs. Source: <a href=\"https:\/\/files.wri.org\/d8\/s3fs-public\/2021-11\/roadmap-net-zero-delivering-science-based-targets-apparel-sector.pdf?VersionId=LxrwUSv9dHytM7zybuQgoJ8LUHBZVgM1\" target=\"_blank\" rel=\"noreferrer noopener\"><em>World Resource Institute<\/em><\/a><\/figcaption><\/figure><\/div>\n\n\n\n<p><a href=\"https:\/\/files.wri.org\/d8\/s3fs-public\/2021-11\/roadmap-net-zero-delivering-science-based-targets-apparel-sector.pdf?VersionId=LxrwUSv9dHytM7zybuQgoJ8LUHBZVgM1\"><\/a>Even though over <a href=\"https:\/\/www.mckinsey.com\/business-functions\/sustainability\/our-insights\/sustainability-blog\/the-fashion-industry-can-reduce-emissions-across-the-entire-value-chain\" target=\"_blank\" rel=\"noreferrer noopener\">70% of the industry\u2019s emissions<\/a> originate from raw material production and processing, just <a href=\"https:\/\/www.fashionrevolution.org\/about\/transparency\/\" target=\"_blank\" rel=\"noreferrer noopener\">47% of brands disclose their manufacturing facilities<\/a>. Only 27% disclose their processing plants, and just 11% list their raw materials suppliers.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/issuu.com\/fashionrevolution\/docs\/fashiontransparencyindex_2021\" target=\"_blank\" rel=\"noreferrer noopener\">Fashion Transparency Index 2021<\/a> ranks 250 of the world\u2019s largest fashion brands and retailers. Only 26% have science-based targets, and only 17% disclose Scope 3 emissions from raw materials.<\/p>\n\n\n\n<p>Meanwhile, the most troubling observation is that as much as <a href=\"https:\/\/changingmarkets.org\/portfolio\/fossil-fashion\/\" target=\"_blank\" rel=\"noreferrer noopener\">59% of green commitments<\/a> by fashion industry companies are merely greenwashing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-prada-hugo-boss-and-mammut-sports-the-good-and-the-bad-examples\"><strong>Prada, Hugo Boss and Mammut Sports &#8211;<\/strong> <strong>The Good and the Bad Examples<\/strong><\/h2>\n\n\n\n<p>Stand Earth&#8217;s <a href=\"https:\/\/fashion.stand.earth\/brand-scores\" target=\"_blank\" rel=\"noreferrer noopener\">Fossil-free Fashion Scorecard<\/a> evaluates brands&#8217; climate commitments, reliance on renewable energy, low-carbon materials, shipping practices and advocacy. It states that the best-performing company globally is <a href=\"https:\/\/fashion.stand.earth\/mammut\" target=\"_blank\" rel=\"noreferrer noopener\">Mammut Sports<\/a>. Its sector-leading commitments include halving its emissions, switching to renewable energy across its supply chain and transitioning to zero-emission shipping vessels by 2030. n the other end of the spectrum are companies like&nbsp;<a target=\"_blank\" href=\"https:\/\/fashion.stand.earth\/primark\" rel=\"noreferrer noopener\">Primark<\/a>&nbsp;and&nbsp;<a target=\"_blank\" href=\"https:\/\/fashion.stand.earth\/under-armour\" rel=\"noreferrer noopener\">Under Armour<\/a>&nbsp;and luxury brands like&nbsp;<a target=\"_blank\" href=\"https:\/\/fashion.stand.earth\/prada\" rel=\"noreferrer noopener\">Prada<\/a>,&nbsp;<a target=\"_blank\" href=\"https:\/\/fashion.stand.earth\/lvmh\" rel=\"noreferrer noopener\">LVMH<\/a>,&nbsp;<a target=\"_blank\" href=\"https:\/\/fashion.stand.earth\/hugo-boss\" rel=\"noreferrer noopener\">Hugo Boss<\/a>, and&nbsp;<a target=\"_blank\" href=\"https:\/\/fashion.stand.earth\/armani\" rel=\"noreferrer noopener\">Armani<\/a>.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/issuu.com\/fashionrevolution\/docs\/fashiontransparencyindex_2021\" target=\"_blank\" rel=\"noreferrer noopener\">Fashion Transparency Index 2021<\/a> has singled out brands like OVS, H&amp;M, The North Face and Timberland as the best-performing ones. Apparel producers like Mexx, Pepe Jeans, Tom Ford, Max Mara and Quicksilver are at the bottom. Companies like Adidas, Reebok, Bershka and Zara have taken a significant hit to their rankings in 2021.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Fashion-Transparency-Index-2021-Quick-Findings-Source-Fashion-Revolution-1024x618.png\" alt=\"Fashion Transparency Index 2021 Quick Findings, Source: Fashion Revolution\" class=\"wp-image-15590\" srcset=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Fashion-Transparency-Index-2021-Quick-Findings-Source-Fashion-Revolution-1024x618.png 1024w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Fashion-Transparency-Index-2021-Quick-Findings-Source-Fashion-Revolution-300x181.png 300w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Fashion-Transparency-Index-2021-Quick-Findings-Source-Fashion-Revolution-768x463.png 768w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Fashion-Transparency-Index-2021-Quick-Findings-Source-Fashion-Revolution.png 1215w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Fashion Transparency Index 2021 Quick Findings. Source: <a href=\"https:\/\/s3.amazonaws.com\/document.issuu.com\/210809144509-bb7923312df64163a7c83c2e79a829b4\/original.file?AWSAccessKeyId=ASIATDDRE5J73KXOCLNO&amp;Signature=YSQ1pYBR7ghQhlnUI%2BJg6lkyqbU%3D&amp;x-amz-security-token=FwoGZXIvYXdzEJ3\/\/\/\/\/\/\/\/\/\/wEaDJ21iu91YC7awGRyWSLmAsJAVRV2tQcKf5oMFtC88p1cpwpgkXcDAl%2B1BW1Q%2B59AsH7J2afv7J%2BqRdNA0DQ1y53Rx4tr2KHbAg2EDbXwT5X90l9GWggcw4kWVS60U3%2BNP2x3L%2BQlMG7YVe8c6K1DTN6cy40qsinfyFLmtToUUWx\/oVf9fGmAZnUBRSS0Xxi5lODcZKG9lVFb7s5IUDoWO4nxvUIZ6KGkP9YwAfh8vrXu1Rf8BMUBunb8HrNKHkywNfKYl0HtdahsX0KRotzQ%2BgRq1QB8GgmJkWbR3lfVpEOPHuXSqnWzJ4YpHUFLfoBguseuam9JP1TEefZVz1hDZHcl%2BvEyWaKuMps8L0AIEEpUXPPsdhMXBj18CxeNXPN%2BECM39SaGA9J3QPs3\/ox%2B3yk\/6DbAwLQ9flX14Cn7K9twxKCYdR7nqKya99AQc4lDqV3lASfnjqL3%2BqYq0A\/OJkwDQ4vQ%2BMNsE4WWLMoVl8Z\/t\/MF1ksouMHhkQYyKRAIapis2kttd\/yadNEbj1uUW0cvvTS6jBqShZNgQFzsFYfRwwYe3Sw3&amp;Expires=1647867476\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Fashion Revolution<\/em><\/a><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-nike-and-adidas-are-not-transparent\"><strong>Nike and Adidas are not Transparent<\/strong><\/h3>\n\n\n\n<p>When it comes to brand transparency, fossil-fuel synthetics use and commitments to phase them out, the <a href=\"http:\/\/changingmarkets.org\/wp-content\/uploads\/2021\/07\/SyntheticsAnonymous_FinalWeb.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Changing Markets report<\/a> has found no clear front-runners. At the bottom of the chart are companies like Nike, Reebok, Adidas, the North Face, Timberland, Primark and more.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-can-the-fashion-industry-do-to-reduce-its-environmental-impact\"><strong>What Can the Fashion Industry Do to Reduce Its Environmental Impact?<\/strong><\/h2>\n\n\n\n<p>The spotlight for decarbonisation often falls on heavy industry and hard-to-abate sectors, while the fashion industry&#8217;s environmental impact is undervalued. Sustainable fashion is the need of the hour.<\/p>\n\n\n\n<p>Changing Markets concludes that the fashion brands are <em>\u201c<\/em><a href=\"http:\/\/changingmarkets.org\/wp-content\/uploads\/2021\/07\/SyntheticsAnonymous_FinalWeb.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">knee-deep in fossil fuels<\/a><em><a href=\"http:\/\/changingmarkets.org\/wp-content\/uploads\/2021\/07\/SyntheticsAnonymous_FinalWeb.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">.<\/a>\u201d <\/em>For a change to happen, greenwashing practices must end. In the era of the conscious consumer and growing competition, greenwashing can result in massive reputational and financial risks as well as the loss of consumer confidence.<\/p>\n\n\n\n<p>In terms of concrete steps, the World Resource Institute recommends <a href=\"https:\/\/files.wri.org\/d8\/s3fs-public\/2021-11\/roadmap-net-zero-delivering-science-based-targets-apparel-sector.pdf?VersionId=LxrwUSv9dHytM7zybuQgoJ8LUHBZVgM1\" target=\"_blank\" rel=\"noreferrer noopener\">six measures<\/a> that collectively can ensure that the industry remains in line with a 45% reduction pathway by 2030.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"372\" src=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Key-Interventions-for-Reducing-Emissions-towards-Net-Zero-Source-World-Resource-Institute-1024x372.png\" alt=\"Key Interventions for Reducing carbon Emissions towards Net Zero, Source: World Resource Institute\" class=\"wp-image-15596\" srcset=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Key-Interventions-for-Reducing-Emissions-towards-Net-Zero-Source-World-Resource-Institute-1024x372.png 1024w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Key-Interventions-for-Reducing-Emissions-towards-Net-Zero-Source-World-Resource-Institute-300x109.png 300w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Key-Interventions-for-Reducing-Emissions-towards-Net-Zero-Source-World-Resource-Institute-768x279.png 768w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Key-Interventions-for-Reducing-Emissions-towards-Net-Zero-Source-World-Resource-Institute-1536x557.png 1536w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Key-Interventions-for-Reducing-Emissions-towards-Net-Zero-Source-World-Resource-Institute.png 1802w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Key Interventions for Reducing Emissions towards Net Zero, Source: <a href=\"https:\/\/files.wri.org\/d8\/s3fs-public\/2021-11\/roadmap-net-zero-delivering-science-based-targets-apparel-sector.pdf?VersionId=LxrwUSv9dHytM7zybuQgoJ8LUHBZVgM1\" target=\"_blank\" rel=\"noreferrer noopener\"><em>World Resource Institute<\/em><\/a><\/figcaption><\/figure><\/div>\n\n\n\n<p>Furthermore, the industry as a whole should be looking to abandon the unsustainable fast-fashion model and move towards circular business processes, enabling higher durability of garments, extended warranties and the promotion of reuse. <a href=\"https:\/\/eu.patagonia.com\/bg\/en\/recycling.html\" target=\"_blank\" rel=\"noreferrer noopener\">Patagonia<\/a> is a great example of this. Companies should also commit to ambitious and comprehensive climate targets, reduce their dependence on fossil fuels and focus on cutting Scope 3 emissions. In order to decarbonise, the fashion industry needs <a href=\"https:\/\/www.fibre2fashion.com\/news\/fashion-news\/-1-trn-can-accelerate-transition-to-net-zero-fashion-industry-report-277450-newsdetails.htm\" target=\"_blank\" rel=\"noreferrer noopener\">USD 1 trillion by 2050<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Financing-Mix-Across-Solution-Categories-Source-Fashion-for-Good.png\" alt=\"Financing Mix Across Solution Categories, Source: Fashion for Good\" class=\"wp-image-15602\" srcset=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Financing-Mix-Across-Solution-Categories-Source-Fashion-for-Good.png 1024w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Financing-Mix-Across-Solution-Categories-Source-Fashion-for-Good-300x169.png 300w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/Financing-Mix-Across-Solution-Categories-Source-Fashion-for-Good-768x432.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Financing Mix Across Solution Categories. Source: <a href=\"https:\/\/fashionforgood.com\/our_news\/unlocking-the-trillion-dollar-fashion-decarbonisation-opportunity\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Fashion for Good<\/em><\/a><\/figcaption><\/figure><\/div>\n\n\n\n<p>Understandably, relying on the industry\u2019s inner motivation to embrace such a significant restructure is too idealistic. Regulators should introduce laws that will make it mandatory for companies to identify, prevent and account for ESG risks. Oversight authorities and industry bodies should also hold fashion brands accountable for their green claims.<\/p>\n\n\n\n<p>If these measures fail, the best weapon is to tackle the sector\u2019s price sensitivity. Any additional carbon tax for high-emissions products will significantly affect profits, urging companies to act. Furthermore, any form of industry support should also be conditional and based upon companies\u2019 climate-related performance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-s-next-for-the-fashion-industry\"><strong>What&#8217;s Next For the Fashion Industry?<\/strong><\/h2>\n\n\n\n<p>The sector is highly fragmented. There are no companies that we can point fingers at and put the blame on. As a result, change can only result from a collective effort. Collaboration and collective action are critical for creating effective and meaningful solutions. Fortunately, if there is any sector where public pressure can make the biggest difference, it is the fashion industry.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/04\/Fashion-Industry-Simple-Design-Text-1024x575.png\" alt=\"\" class=\"wp-image-16212\" srcset=\"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/04\/Fashion-Industry-Simple-Design-Text-1024x575.png 1024w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/04\/Fashion-Industry-Simple-Design-Text-300x169.png 300w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/04\/Fashion-Industry-Simple-Design-Text-768x432.png 768w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/04\/Fashion-Industry-Simple-Design-Text-1536x863.png 1536w, https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/04\/Fashion-Industry-Simple-Design-Text-2048x1151.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The fashion industry is the third-largest manufacturing sector in the world and fourth most emitting industry after energy, transport, and food. Ignoring its environmental impact will be costly.<\/p>\n","protected":false},"author":14,"featured_media":15610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[347],"tags":[523,274],"hashtags":[],"class_list":["post-15577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fossil-fuel","tag-fashion-industry","tag-net-zero"],"acf":{"custom_author_name":"","article_pdf_file":{"ID":15618,"id":15618,"title":"The Environmental Impact of the Fashion Industry and the Need for Change","filename":"The-Environmental-Impact-of-the-Fashion-Industry-and-the-Need-for-Change.pdf","filesize":753050,"url":"https:\/\/energytracker.asia\/wp-content\/uploads\/2022\/03\/The-Environmental-Impact-of-the-Fashion-Industry-and-the-Need-for-Change.pdf","link":"https:\/\/energytracker.asia\/the-environmental-impact-of-the-fashion-industry-and-the-need-for-change\/the-environmental-impact-of-the-fashion-industry-and-the-need-for-change-2\/","alt":"","author":"14","description":"","caption":"The Environmental Impact of the Fashion Industry and the Need for Change","name":"the-environmental-impact-of-the-fashion-industry-and-the-need-for-change-2","status":"inherit","uploaded_to":15577,"date":"2022-03-22 08:05:24","modified":"2022-03-22 08:05:31","menu_order":0,"mime_type":"application\/pdf","type":"application","subtype":"pdf","icon":"https:\/\/energytracker.asia\/wp-includes\/images\/media\/document.png"},"poll_vote":0,"short_desc":"The fashion industry is the third-largest manufacturing sector in the world and fourth most emitting industry after energy, transport, and food. Ignoring its environmental impact will be costly."},"_links":{"self":[{"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/posts\/15577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/comments?post=15577"}],"version-history":[{"count":0,"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/posts\/15577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/media\/15610"}],"wp:attachment":[{"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/media?parent=15577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/categories?post=15577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/tags?post=15577"},{"taxonomy":"hashtags","embeddable":true,"href":"https:\/\/energytracker.asia\/wp-json\/wp\/v2\/hashtags?post=15577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}