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.
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.
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."