It ain't fashion, if it ain't sustainable

Carbon Market Watch

Climate Action / Scope 3 Offsets

11 April 2024

4 minutes

For companies currently unable to meet their Scope 3 reduction targets, will the flexibility to use credits represent an opportunity to continue engaging with climate action meaningfully, and fund practicable climate solutions within the critical next decade?

SBTi Faces Staff Revolt after Trustees Greenlight Controversial Scope 3 Offsets

Has the Science Based Targets initiative (SBTi) buckled to pressure from carbon market players and corporate interests to allow companies to meet scope 3 targets with carbon credits? texfash.com probes.

Special Correspondent

Report

Climate Action / 2024 Monitor

10 April 2024

5 minutes

Emissions in the fashion sector stem mostly from sourcing raw materials and from material production. Many of these emissions can be addressed by sourcing renewable electricity and electrifying processes such as textile preparation and colouration. For fashion retailers, most emissions are located in the supply chain.

Not Clear, Not Substantiated: World’s Top Fashion Companies Ambiguous about Climate Measures, Finds Study

The Paris Agreement goal of limiting climate change to 1.5°C could well remain a mirage, says the 2024 Corporate Climate Responsibility Monitor (CCRM) which evaluated 51 of the world’s largest companies, including 5 in the fashion sector.

Staff Writer

Climate Action / Corporate Responsibility

15 February 2023

3 minutes

The Corporate Climate Responsibility Monitor 2023 found that most companies’ climate strategies are mired in ambiguous commitments, offsetting plans that lack credibility and emission scope exclusions, but replicable good practice can be identified from a minority.

H&M, Inditex, Fast Retailing, Amazon, Carrefour, Walmart: All Accused of Hiding Climate Inaction

The second edition of the 2023 Corporate Climate Responsibility Monitor has rapped fashion and retail giants for "hiding climate inaction behind a fig leaf of net zero plans."