Major fashion brands are using greater amounts of polluting synthetic textiles, a survey of 50 global firms— representing $1 trillion in market value and spanning fast fashion, sports, luxury and supermarket own-brands — reveals greater dependence on synthetic fibres that are driving fast fashion, and use of fossil fuel industry tactics, says a report by the Changing Markets Foundation.
In spite of all the tall promises made last year, the global fashion industry instead increased its emissions in 2022. Only one—Levi’s—of the top ten brands assessed showed any promise, a Stand.earth report released Tuesday has revealed.
The Apparel Impact Institute(AII) has announced the lead funders in its new $250 million Fashion Climate Fund. A first-of-its-kind collaborative funding model for fashion could unlock an estimated $2 billion in blended capital across various asset classes, to help meet the industry's goal to halve carbon emissions by 2030.
