Climate risks pose growing threat to fashion profits

The report, titled ‘The Cost of Inaction – The Financial Risks of Delaying Decarbonization in the Apparel Industry,’ examines how escalating expenses related to carbon pricing, raw materials, and energy are expected to affect operating margins if companies delay efforts to reduce emissions. Based on data from ten major apparel brands, the report identifies three primary factors contributing to this projected decline. These include increases in carbon prices, higher costs for raw materials, and greater ene ...