Vanguard Splits From BlackRock Over Major Climate Alliance as the Backlash to ESG Builds
]]>I’d asked for thoughts on what a more responsible fashion industry might look like. The responses I received reflect a kind of grim, but stubborn determination to pursue change at the end of a year in which the industry as whole has (yet again) made no meaningful progress towards stated ambitions to curb environmental impact and improve working conditions.
https://www.businessoffashion.com/articles/sustainability/fashion-sustainability-degrowth-regulation-business-model/
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Since December, Nike has lost about 30% of employees who worked primarily on sustainability initiatives, due to layoffs, voluntary departures or transfers to other duties. Already, the company was missing its targets for reducing emissions.
https://www.propublica.org/article/nike-layoffs-sustainability-climate-change
]]>Pucker is an accomplished writer, with articles appearing in the Stanford Social Innovation Review, Institutional Investor and the Harvard Business Review. Prior to his professorship at Tufts, he worked at Timberland, serving as chief operating officer from 2000 to 2007.
]]>And that’s exactly what it plans to do with a new discount marketplace that would allow the same suppliers who make goods for the ultra-fast fashion titans to sell their stuff through Amazon. Unbranded items would cost less than $20 each and ship directly to consumers from China in nine to eleven days, the thinking being that U.S. shoppers would wait longer than Amazon’s usual shipment speed for a lower price. The marketplace will focus on fashion, home, and other lifestyle items, and launch in the fall.
https://amyodell.substack.com/p/ultra-fast-fashion-rot-spreads-to
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If more companies commit to measuring and reporting publicly on their sustainability performance, four things should happen. ESG performance should improve; more ‘sustainable’ companies should be rewarded; a link tying companies with better ESG records to better equity returns should emerge; and the measurements and reporting should become more rigorous. “Over time, this virtuous cycle would result in a more sustainable form of capitalism,” wrote professor Kenneth Pucker from Tufts University, Massachusetts, in an HBR paper in June 2021.
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That thing is SHEIN. And, try as we might, we can no longer avoid it; the fast fashion giant has inserted itself into the conversation, not by virtue of its planet-destroying practices, the ones we all know about, but by making claims at sustainability and circularity. By declaring itself a force for good. And let’s be clear: it is most certainly not that.
https://futurevvorld.com/fashion/shein-sustainability/
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https://www.greenbiz.com/article/inside-sheins-plan-recycle-deadstock-material-new-clothing
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Conscious consuming: Sustainable fashion practices help slow climate change
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