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

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

US firms in some sectors moving out of PRC: Goldman Sachs

Goldman Sachs has said US firms in only specific industries are...

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

Sri Lanka's textile & garment exports down 25% in Jan-July

Sri Lanka’s earnings from textiles and garments exports decreased by...

Pic: Avery Dennison Fastener Solution

Apparel/Garments | On 19th Sep 2020

Avery Dennison’s new tag fastener degrades in soil

Avery Dennison Corporation Fastener Solutions has unveiled a tag...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


September 2020

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


Advanced Search