The clothing industry is responsible for about 10% of global greenhouse gas emissions and consumes more energy than aviation and shipping combined, the U.N. says.
Fast-fashion retailers became giants by quickly churning out fresh, low-priced styles that pull trend-seekers into stores.
last year that it regularly burns unsold products. Cartier owner Compagnie Financiere Richemont has bought back unsold watches and melted them down to be used in new designs. That recycles materials but still involves a double dose of manufacturing.last year by reporting $4.3 billion of inventory on hand — an amount that had been creeping upward, indicating that it was producing more than it could sell.
Luxury fashion company Burberry used to destroy its unsold merchandise, getting rid of $38 million worth during its financial year ending in March 2018. Investors questioned the practice last year during Burberry’s annual meeting,. Two months later, the company announced it would stop destroying products. Instead, it donates or recycles the items and tries harder to make only as much as people will buy.
That realization is dawning for other kinds of consumer behavior too. Swedish climate activist Greta Thunberg famously shunned airplane travel this summer, taking a zero-emissions sailboat to New York for the UN’s climate conference, and she is using an electric car rather than a petroleum-burning vehicle to drive around North America.
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