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Fast Fashion: Why Brands Need to Consider ESG to Slow Down

14 January 2021

Last year, as the world was hit by a global pandemic, lifestyles and priorities changed, which resulted in a heightened social and environmental consciousness amongst consumers. For the fashion industry, Environmental, Social and Governance (ESG) factors became the "new management approach".

In this report, IHS Markit looks at the case of Boohoo, an online fashion retailer which was involved in a supply chain controversy last year. Our ESG experts have conducted an ESG gap analysis and peer comparison to understand where the brand could improve and, more generally, what the fashion industry could learn from Boohoo's case.

By Sara Abbasi, Yura Ahn, Cherry Chu and Emily Wang.

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