Hermès, LVMH Among Big Fashion Brands That Fail To Meet Green Targets: Report

Luxury brands like Hermès, LVMH and Richemont averaged lower than high street fashion companies H&M, Inditex, Gap and Levi Strauss in all the six categories - emissions, waste, workers' rights, materials and transparency.

India   |   26 March 2021 1:46 PM GMT
Writer : Devyani Madaik | Editor : Shubhendu Deshmukh | Creatives : Rajath
Hermès, LVMH Among Big Fashion Brands That Fail To Meet Green Targets: Report

Image Credits: Pixabay 

Nearly 15 fashion companies, including high-end brands, are lagging in meeting their environmental, sustainability, and social targets of the Paris climate agreement and US Sustainable Development Goals, revealed a new report by The Business of Fashion.

The report released on Monday, March 22, publicly disclosed information from the five biggest companies by revenue in three categories - luxury, sportswear and high-street fashion. These included Hermès, Moët Hennessy, Louis Vuitton (LVMH), H&M, Adidas etc.

According to The Economic Times, the fashion publication rated companies out of 100 in their attempt towards meeting the 16 targets listed in the UN Sustainable Development Goals and Paris Agreement on emissions, waste, workers' rights, water, and materials.

Twelve sustainability experts advised the online publication on the methodology of the report. The companies were also ranked on their transparency and the amount of information available about a company's practices.

According to the report, the companies were more interested in disclosing information on their targets than concrete actions towards fulfilling them.

"Opaque working practices and fuzzy definitions of what constitutes 'good' progress complicate matters further, creating a woolly picture of where the industry is at and what steps are required for it to clean up its act," the report said.

Luxury goods company, Kering, topped the list with 49 points, while sports equipment company Under Armour ranked the lowest with nine points. The average score was 36 points.

Kering and Nike performed well on transparency, while PVH Corp, Levi Strauss, and VF Corp ranked highest in their efforts to reduce emissions.

Luxury brands like Hermès, LVMH and Richemont scored lower than high street fashion companies H&M, Inditex, Gap and Levi Strauss in all the six categories - emissions, waste, workers' rights, materials and transparency.

Retail companies, including Fast Retailing, Richmount, also ranked the lowest in all categories along with Under Armour, except it scored well in workers' rights.

According to the report, companies, on average, performed the worst on waste and workers' rights.

While other companies have not responded to the report, Adidas said that it worked closely with its partners to attain climate neutrality by 2025 and throughout its supply chain by 2050.

Also Read: Delhi Govt To Hold Mega Environment Conference In April To Formulate Action Plan For Air Pollution

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Devyani Madaik

Devyani Madaik

Digital Journalist

A media enthusiast, Devyani believes in learning on the job and there is nothing off limits when it comes to work. Writing is her passion and she is always ready for a debate as well.

Shubhendu Deshmukh

Shubhendu Deshmukh

Digital Editor

Shubhendu, the quint essential news junky, the man who loves science and politics in equal measure and offers the complete contrast to it by being a fan of urdu poetry as well.

Rajath

Rajath

Creative Producer

A free spirit who find meaning in life with the virtue of creativity and doing job par its excellence, animal lover and traveller by heart.

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