The UK fashion industry employs 800,000 people in the UK and the fashion industry generates for the UK economy £28 billion (2016). With such an expressive economic impact, the industry is also responsible for emitting approximately 3.1 million tonnes (2015) of greenhouse gas emissions per year, which contributes to climate change (Source).
While this may be a small proportion of the UK’s total emissions, the fashion sector plays a key role in reducing the UK’s overall emissions. The country is rapidly transiting to a clean energy system and is already half way to meeting its greenhouse gas emissions reduction target of 80% by 2050. In the current economic and environmental climate, there is a clear imperative for fashion brands to take action.
Some founders believe that green strategies will be costly for their business.
However, there are many ways in which companies can save money across both the shorter and longer-term. Adopting energy efficiency measures and renewable technology will reduce reliance on increasingly expensive, and, potentially, unreliable energy supply. Additionally, implementing sustainable strategies will enable fashion companies to attract new investment from green investors.