1. Ethical Fashion: How Carbon-Neutral Reformation Is Reforming the Notoriously Wasteful Fashion Industry. “Most carbon-neutral strategies are overly reliant on offsetting. With this commitment, we’re going further to actively reduce our greenhouse gas emissions and invest in solutions that have a net-positive impact.” – Read More on Forbes
2. There are more models of color, but is fashion really diverse? “There is diversity in many areas, but in leadership roles – alongside many other sectors – we have seen structural barriers to diversity. This needs to change.” – Read More on Al Jazeera
3. H&M Plans Foray into Sustainability-Linked Bond Market: The Swedish clothing retailer hired banks to arrange a 500-million-euro ($607.1 million) offering of eight-and-a-half-year bonds, which will be structured in a way that will encourage H&M to increase use of recycled materials and cut greenhouse gas emissions. – Read More on Bloomberg
4. RELATED READ: Burberry’s Sustainability Bond Raises Issues About Fashion’s Relationship With Chinese Cotton. The emphasis on cotton, in particular, is worthy of attention, as it potentially thrusts Burberry into the midst of a larger battle over cotton coming out of China and its headline-making Xinjiang region, where native and Western companies, alike, are increasingly being criticized over their alleged ties to forced labor. – Read More on TFL
5. For Singapore shoppers, second-hand stores offer an alternative to fast fashion: Second-hand shops are not as popular in Asia as in the West, in part because many believe used clothes from strangers could bring bad luck, or be unhygienic. But attitudes in Singapore were changing, driven by rising environmental awareness and a wave of trendy new thrift shops marketing their goods on social media. – Read More on SCMP
6. Farfetch CEO José Neves on How the Pandemic Drove Fashion Sales Online: Online sales make up about one-third of many retail categories, a level that Neves thinks luxury could reach in five years, up from about 12% before the pandemic. “Fashion will never be 90%, but it will certainly be north of 30% to 35% in the next five years or so.” – Read More on Time