Fashion retail’s eco cred meaningless without supply chain engagement – report

Non-profit financial think tank Planet Tracker has analysed almost 3,900 companies across the textile supply chain and found retailers not engaging actively enough with suppliers and manufacturers to help them as they work to reduce emissions.Its Following The Thread report said there’s “a significant discrepancy between the location of negative environmental impacts and the location of capital within the supply chain”. Retailers may be doing well on cutting their eco impact but they’re missing a big opportunity to do more.คำพูดจาก สล็อตเว็บตรง

It added: “Fabric manufacturing and fibre production are associated with much of the textile supply chain’s environmental impact – 76% of climate change impact, 74% of resource consumption and 61% of its water use, while only making up a collective 18% of its revenues and 7% of its market capitalisation. Clothing retail on the other hand, represents 54% of revenues and 63% of market capitalisation, while only marginally directly contributing to environmental impacts”. Following The Thread claims “frequent outsourcing of manufacture leads to poor supply chain visibility and limited direct control of most of the negative environmental impacts of the industry by retail companies and investors”. This comes as regulators are adopting an increasingly aggressive approach towards responsibility for supply chain impacts, whether that the European Commission Directive on corporate sustainability due diligence or governments internationally trying to stamp out greenwashing.And Planet Tracker said that “without significant efforts by the textile retail sector to work with their supply chain and help the push for real change, these measures could result in significant regulatory exposure for many major companies”.The group’s Senior Investment Analyst (Textiles), Richard Wielechowski, said: “While retailers themselves produce relatively few emissions, green claims among brands are meaningless when the clothing they sell contributes to accelerating global warming and polluting water supplies with toxic chemicals.”Previous Planet Tracker work showed  that investment in the supply chain to improve environmental impact, such as through heat recovery or water reuse, “will not only help retailers substantiate green claims and meet pressing Net Zero commitments, but will generate positive returns quickly”.
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