The textile and fashion industry is at the forefront of the climate change debate. According to recent estimates, the entire life cycle of garments i.e. production, use and disposal, contributes about 8% to the global GHG emissions. So, how can the journey to decarbonization be started?
Till recently, investors were interested in only one thing – profits and return on investment. Things are changing, albeit gradually, with investors becoming concerned about environmental and ethical investing. At the same time, civil society has campaigned actively on the urgency to act on climate change.