The BoF Sustainability Index tracks fashion’s progress towards ambitious sustainability targets for the coming decade. It examines public disclosures to rigorously benchmark performance and enable like-for-like comparisons at 15 of fashion’s largest companies.
The Index found that while fashion companies are speaking about sustainability more than ever before, actions are lagging public commitments. The average overall score of the companies assessed was just 36 out of a possible 100, with significant disparities between engagement and action.
Information about how companies are planning for the substantial investments required to meet sustainability goals emerged as a significant blind spot, with companies failing to match bold ambitions with details of how they plan to pay for them.
Last month Bangladesh-based denim manufacturer Mostafiz Uddin asked some of his customers for help securing a $3 million loan he said he needed to pay for upgrades that would allow him to operate more