Fashion's Carbon Conundrum: Brands Lag in Tackling Emissions
The fashion industry struggles to reduce its high carbon emissions, with few brands aiding suppliers in adopting cleaner technologies. While some brands set ambitious targets, the financial burden often falls on suppliers. Significant investment is needed, particularly in major textile-producing countries like Bangladesh.
The fashion industry, responsible for a notable portion of global carbon emissions, faces criticism for its slow progress in cutting these emissions. According to U.N. figures, the industry's greenhouse gas contributions are significant, yet many brands have only minimally pushed for changes within their supply chains.
Despite pledges to achieve net-zero emissions by 2050, various industry insiders highlight the inadequate efforts, with brands imposing financial burdens on suppliers to meet emission targets. A report by Stand.earth revealed that a minority of leading brands provide financial support to curb emissions, exacerbating challenges for resource-lacking suppliers.
Efforts to reduce emissions in textile centers such as Bangladesh face a financing gap exceeding $4.8 billion. While some brands, like H&M, have initiated projects to promote low-carbon tech, the systemic industry reform needed remains largely unsponsored, pressing brands to invest more substantially.
(With inputs from agencies.)
Google News