According to the United Nations Environment Programme, the fashion industry is responsible for 10% of carbon emissions annually. If the current pace of greenhouse gas emissions continues, it will surge by more than 50% by 2030.
The 15 largest listed fashion companies are lagging behind when it comes to meeting the social and environmental targets of the Paris climate agreement and UN Sustainable Development Goals, a new report by the Business of Fashion says.
The ethics watchdog for Norway's $1-trillion sovereign wealth may blacklist more companies that produce too much greenhouse gas by scrutinizing more industry sectors, including shipping and power.
