Post by bonnasuttadhar225588 on Feb 14, 2024 23:08:20 GMT -8
New research suggests that fashion brands are failing to meet net zero targets with their supply chains, as they are excluding much of their Greenhouse Gas (GHG) emissions that are causing the planet's temperature to rise. Over the past two years, we have seen an explosion of environmental commitments announcing the reduction and elimination of GHGs; However, some industries, such as fashion, seem more in search of a quick PR gain than actually abandoning dependence on fossil fuels. Fashion brands fail with their supply chains in terms of their environmental goals According to the new report by Stand Earth, an environmental NGO based in the US and Canada, which evaluated the plans of ten large fashion companies to achieve net zero emissions, more than half are failing to implement targets. when it comes to the gradual elimination of fossil fuels in the supply chain, that is, all the processes that involve the creation and sale of a product or service. “Brands are failing to provide the supply chain transparency essential for accountability to their goals.” Informe de Stand Earth.
Fashion brands fail with their supply chains Stand Earth is concerned that while the brands assessed have declared a top-line net zero ambition and have targets set to at least halve their direct (Scope 1) and energy-related (Scope 2) emissions by 2030 , half of them have not received Science Based Targets Initiative (SBTi) verification for their emissions targets. STBi sets the target for the reductions that Timor Leste Email List a company must make to comply with the Paris Agreement. Fashion brands must adjust their climate goals What the findings reveal is that, with less than 10 years to reduce global GHG emissions and avoid climate catastrophe, the fashion industry needs to explicitly and deeply review, evaluate and report how it will address the majority of its emissions footprint from of their supply chains. There is a large gap between the brands' commitments made when signing the Fashion Charter for Climate Action —an agreement that establishes a decarbonization path for the sector, based on SBTi methodologies—and their actions in developing plans. solid to match those words with action. Key findings in the decarbonization of fashion brands Climate ambition, phasing out fossil fuels, increasing renewable energy, transparency and accountability were key areas of Stand Earth's assessment, to see how seriously brands take their climate commitments.
The companies evaluated in the scorecard are American Eagle, Gap Inc, H&M, Kering, Levi's, Lululemón, Nike, VF Corp (parent company of Timberland, Vans, The North Face and more), Inditex (parent of Zara) and Fast Retailing (Uniqlo parent company). And the following was found: Only two of the ten brands (H&M and Kering) have set 50% Scope 3 (indirect) emissions reduction targets covering their supply chains. These same two companies are the only ones committed to 100% renewable energy across the entire supply chain by 2030. Only half of the brands evaluated have set independent targets to eliminate the use of coal in supply chains. Furthermore, none share baseline data on coal use in supply chains. How has #ClimateAction progressed in the world of #fashion ? The UN Fashion Industry Charter was created in 2018 to help decarbonize one of the most carbon-intensive industries in the world .