For the 2020 reporting cycle, over 70 per cent of signatories to the UN Fashion Industry Charter for Climate Action submitted climate disclosures, with one third reporting for the first time. In addition, 38 Charter signatories have set or have committed to setting science-based targets. The Charter released its first-ever Progress Report recently.
The interactive online report details climate action milestones in the fashion sector to date and provides a forward-looking vision for future industry priorities.For the 2020 reporting cycle, over 70 per cent of signatories to the UN Fashion Industry Charter for Climate Action submitted climate disclosures, with one third reporting for the first time. In addition, 38 Charter signatories have set or have committed to setting science-based targets. The Charter released its first-ever Progress Report recently.#
Since the Charter’s launch in 2018, 125 signatories from leading fashion brands, retailers, suppliers and 41 supporting organisations have come together to drive collective low-carbon efforts.
These efforts are underpinned by the Charter’s mission to drive the industry to net-zero greenhouse gas (GHG) emissions no later than 2050, in line with global ambitions to keep global warming below 1.5 degrees.
The signatory base has grown to 125 members, who now represent $450 billion in revenue and over 10 per cent of total fashion industry GHG emissions.
While momentum has grown, more action is needed to advance low-carbon supply chains if the Charter is to achieve its goal of ensuring net-zero emissions by mid-century, a press release from the United Nations Framework Convention on Climate Change (UNFCCC) said.
“Through the Charter, the climate action agenda for fashion has been significantly elevated. Many organizations in the sector now embed climate priorities in their business decisions and long-term strategies. But to truly transform the industry and reach our low carbon commitments, we must draw on the collective power of the Charter to rapidly enable decarbonization solutions throughout value chains”, added Stefan Seidel (PUMA) & Tracy Nilsson (adidas), co-chairs of the Charter’s steering committee.
Fibre2Fashion News Desk (DS)
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