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In their 2021 sustainability report, they outline steps to reducing water usage in jeans by 99%, reducing single-use plastic and educating cotton farmers agricultural chemicals. [19] In 2020, Uniqlo's in Japan increased their use of LED lights leading to a 38.7% decrease of greenhouse gas emissions. [ 19 ]
Executive chairman Pablo Isla introduced a range of new targets and highlighted ongoing improvements in sales trends at the fast-fashion retailer’s AGM Tuesday.
Inditex's stocks fell by 12% over the year. [35] In May 2021, Inditex said that all its stores in Venezuela would close as it will review its agreement with its local partner Phoenix World Trade. [36] In the three months to 30 April 2023, the group reported a 13% increase in sales to £6.54 billion and a 14% rise in profit to £3.96 billion ...
Of the fast-fashion newsmakers in 2021 were companies like Shein, which was the target of both CBC Marketplace and Public Eye investigations that spurred countless media reports, and Forever 21 ...
Apple, Boeing, IBM, Inditex, PepsiCo and more have joined the MIT Climate and Sustainability Consortium that launched on Thursday. The 13 member companies, referred to as the “heart of global ...
The FTSE4Good Index Series is a series of ethical investment stock market indices launched in 2001 by the FTSE Group [1] which reports on the performance of companies which demonstrate "strong Environmental, Social and Governance practices". [2]
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A H&M store in Downtown Montreal. Fast fashion brands produce pieces to get the newest style on the market as soon as possible. [16] They emphasize optimizing certain aspects of the supply chain for the trends to be designed and manufactured quickly and inexpensively and allow the mainstream consumer to buy current clothing styles at a lower price.