Writer, Investor, Advisory Director, Berkshire Partners – Professor of Practice, Fletcher School Tufts University
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
Most of the world’s biggest fashion companies have committed to radically reduce their greenhouse gas emissions. Though it’s a complex challenge, how to deliver is no mystery.
That is, in part, because there is a cottage industry of consultants advising brands on decarbonisation strategies. As but one high-profile example, trade group Global Fashion Agenda (GFA) and McKinsey co-authored a report in 2020 laying out a comprehensive roadmap to cut fashion greenhouse gas emissions by just over 50 percent by 2030. The analysis shows that more than half the recommended actions will also result in cost savings.
And yet, the industry’s greenhouse gas emissions continue to trend in precisely the opposite direction.
https://www.businessoffashion.com/opinions/sustainability/fashion-brands-curb-climate-impact-why-not-inaction/
https://www.businessoffashion.com/articles/sustainability/kering-lvmh-luxury-inflating-away-emissions/?utm_source=newsletter_dailydigest&utm_medium=email&utm_campaign=Daily_Digest_260923&utm_term=YAYLEWK4TFE7HBP774ZQEENYR4&utm_content=top_story_1_title