BONN – Signatories to the United Nations' Fashion Industry Charter for Climate Action have made some progress in areas such as publicly reporting on their efforts but still have a long way to go, according to a new report.
The report, from UN Climate Change and CDP, also highlights a number of significant shortcomings and makes a series of recommendations aimed at getting more companies to comply with charter requirements.
CPD data showed that less than half of signatories – 45% – were currently compliant with setting public climate targets needed to keep global warming below 1.5C in line with the Paris Agreement.
With China being the world’s textile industry powerhouse, and the fact that many of the signatories to this initative source from the country, one challenge will be to find suppliers whose factories use electricity derived from alternatives to coal.
That's because in 2022, permits to build new coal-fired power plants in China accelerated dramatically. According to a report from Global Energy Monitor in February, the coal power capacity starting construction in China was six times as large as that in all the rest of the world combined.