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