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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.
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
