HK textile makers sign up for UN sustainability pledgeBusiness | 6 Sep 2019 6:55 pm
Eight Hong Kong textile manufacturers and the Sustainable Fashion Business Consortium signed the United Nations’ Fashion Industry Charter for Climate Action today at the Fashion Summit (HK), joining 43 signatories including fast-fashion brands Adidas, H&M and Puma.
Launched at the 2018 United Nations Climate Change Conference in Poland, the charter includes a target of 30 percent greenhouse gas emission reductions by 2030 and a commitment to analyze and set a decarbonization pathway for the fashion industry drawing on methods from the Science-Based Targets Initiative.
The UN will offer support through seven working groups covering the process of fashion production.
KPMG meanwhile published a review on the sustainability performance of the 43 signatories of the charter, finding that although 53 percent of signatories have reported their scope 1 and 2 greenhouse gas emissions, less than 15 percent have included their supply chain-related emissions in their scope 3 emissions.
Also, it was found that 60 percent of retail brands have a sustainability section on their consumer websites, and 35 percent have a sustainable product line.
In addition, much of the infrastructure is in place for the fashion industry to move towards a far greater embrace of sustainable practices, including the Sustainable Apparel Coalition in 2011 and its subsequent launch of the Higg Index, said KPMG, but the usage of the mechanisms varies widely.
The Hongkong and Shanghai Banking Corporation, one of the supporting organizations of the charter, suggests taking sustainability into account when offering financial support to fashion companies.