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Asos, Crocs Reset Net-Zero Climate Commitments - The Business of Fashion

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Asos, Crocs Reset Net-Zero Climate Commitments | BoF

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

BoF’s Imran Amed speaks with Alec Leach about his manifesto on how we can move towards a better relationship with fashion.

Fast-growing womenswear maker Reformation will be the next big test of whether a brand pitching sustainability can win over a wider audience and deliver on environmental promises.

Japanese sportswear group Goldwin and biotech start-up Spiber are set to test the market for lab-grown materials with collections for brands including North Face and Woolrich this fall.

Partisanship has thwarted Congress’s attempts to limit PFAS, but a patchwork of state laws is pushing for their phase-out.

Related Knowledge Center: Climate economics

State of Play

Climate change is now a driver of the world’s economy. The impact is profound:

  • Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
  • Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
  • Investment in carbon capture and storage technologies is increasingly rapidly.
  • Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases. 

On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”

More informationabout Climate economics