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.
Renewable electricity strategies of some major brands fall woefully short and standard-setters provide limited incentives and sometimes even barriers to increase ambition, says a study by the NewClimate Institute.
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."
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