Home / Knowledge / News / Fashion / Now, a guide to luxury fashion to combat climate change
Now, a guide to luxury fashion to combat climate change
05
Nov '15
Courtesy: Kering
Courtesy: Kering
As the threat of climate change looms, French luxury goods holding company Kering and BSR (Business for Social Responsibility), a global non-profit business network and consultancy dedicated to sustainability, have published report titled “Climate Change: Implications And Strategies For The Luxury Fashion Sector” to help luxury fashion companies understand their specific vulnerabilities to climate change, and provide guidance on building new and more resilient business models.

According to the Carbon Disclosure Project (CDP), around 50 per cent of an average corporation's carbon emissions come from the supply chain, and where the luxury sector is concerned the majority of these emissions can occur in raw material production and the initial processing stages.

Luxury fashion companies can be exposed to additional risks in their supply chains due to climate change that are beyond the typical risks of other sectors. On top of potential transport and delivery disruption, resource scarcity, and the challenges of social change, the luxury sector has particular sensitivities to climate change. This is mainly because of its reliance on high quality raw materials that come from production systems that are limited geographically and that are particularly vulnerable to climate variations.

The report focuses on key strategic raw materials for the luxury sector and provides a summary of an in-depth analysis on the current and future climate risks for cotton, cashmere, vicuna, silk, beef and calf leather, and sheep and lamb leather. Additionally, the report highlights how to build resilience in supply chains through a focus on both enhanced efficiency and innovative approaches to raw material production with actions and solutions that are already available for businesses.

According to the report, companies need to understand their supply chains and focus on supporting production systems for their raw materials that will be more resilient in the face of the shocks and volatility brought on by climate change.

It said both the quantity and quality of raw materials will be increasingly affected by the impacts of climate change, leading to significant business risks.

Climate change will affect many of the key production regions for luxury raw materials with some geographies being more vulnerable than others.

Raw materials that are geographically restricted, such as vicuna, are particularly vulnerable, the report warned.

It said the decline in the productivity of raw materials will have serious consequences for small holder producers and their communities.


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search