News Round Up: 12/29/22 Edition

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The headlines in sustainability, eco-fashion, and climate change for December 29, 2022

Luxury Leaders Need To Lead Rather Than Follow Sustainability Fashion / @forbes

“Luxury Leaders Need To Lead Rather Than Follow Sustainability Fashion. The luxury industry increasingly likes to talk about sustainability. For example, it points to measures to improve workers’ conditions, to monitor more closely the origin of its fabrics and other materials and advertises initiatives designed to encourage recycling of clothing. But ultimately there is often a tension because sustainability relies on transparency and luxury values mystery. However, it does not have to be that way. According to Gachoucha Kretz, a marketing professor at the HEC Paris business school, the two have more in common than might at first appear. She argues that by drawing on this connection the luxury industry can not only survive the growing demands for greater sustainability, but prosper. This will, of course, require becoming more transparent than has previously been the case in this industry.”

Read Article: Forbes.com

How Brands Can Embrace the Sustainable Fashion Opportunity / @bainandcompany

""Clothing production doubled between 2000 and 2015, while the life span of garments shrank. Some clothes are discarded after only 7 to 10 wears, according to the Ellen MacArthur Foundation. Unless the fashion industry makes a statement, the environmental impact of fashion is likely to increase. To curb emissions and achieve environmental, social, and governance (ESG) targets, fashion forward must take on new meaning—a meaning that intertwines durability, quality, impact and other external elements. In our last report we speculated that the very definitions of luxury and quality are likely to evolve, eventually including elements of impacts and externalities."

Read Article: Bain.com

Extreme Heat Will Change Us / @nytimes

"On a treeless street under a blazing sun, Abbas Abdul Karim, a welder with 25 years experience, labors over a metal bench. Everyone who lives in Basra, Iraq, reckons with intense heat, but for Abbas it is unrelenting. He must do his work during daylight hours to see the iron he deftly bends into swirls for stair railings or welds into door frames. The heat is so grueling that he never gets used to it. "I feel it burning into my eyes," he says. Working outside in southern Iraq's scalding summer temperatures isn't just arduous. It can cause long-term damage to the body. We know the risk for Abbas, because we measured it."

Read Article: NYTimes.com

Fashion Brands Grapple With Greenwashing /@guardian

"Homes built out of bamboo shoots. Zero-emission hydrogen fuels for cars and jets. Small nuclear reactors to power Africa. Restoring ocean mangroves to store carbon. Dozens of world leaders are gathered in Sharm el-Sheikh, Egypt, this week for the U.N. climate summit, known as COP27. They're debating how to minimize the dangers of climate change and looking toward experimental technologies for help, as worries reach new highs. 'We are on a highway to climate hell with our foot still on the accelerator,' U.N. Secretary General António Guterres said on Monday. 'Our planet is fast approaching tipping points that will make climate chaos irreversible.'"

Read Article: TheGuardian.com