If you are interested in understanding how the leading fashion brands are performing in terms of sustainability, I would recommend that you download the latest report titled, "The Sustainability Gap - How Fashion Measures Up" published by the Business of Fashion (BoF). It introduces the inaugural BoF Sustainability Index which tracks fashion’s progress towards urgent environmental and social transformation.
The Index benchmarks 15 largest public companies by revenue in three distinct fashion industry verticals — luxury, high street and sportswear across six categories: transparency, emissions, water and chemicals, materials, workers’ rights and waste.
Public disclosures indicate there are substantial disparities in progress, with actions usually lagging public commitments. The average score of these 15 "leading brands" was just 36 out of 100, and they focus more on target setting, while data are often self-reported and unverified.
Can you guess which category is the worst-performing in the Index?
It is waste with the lowest overall category score of 24. According to the Ellen MacArthur Foundation, about 40 million tonnes of textile waste is sent to landfill or incinerated every year. Circularity and upcycling are the buzzwords. Will the industry be able to reduce waste year on year by cutting excessive production while transforming the business model into a virtuous waste-free loop?
And do you know which brand has the highest overall company score? I leave it for you to find out.
Brands are talking about sustainability more than ever before, but does their rhetoric stand up to scrutiny? BoF’s new report, The BoF Sustainability Index, benchmarks 15 of the industry’s biggest companies against ambitious environmental and social goals and finds fashion is falling short.
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