H&M and EY Highlight Need for Innovative Financing to Decarbonize Fashion Industry
H&M and EY have emphasized the need for innovative financing to decarbonize the fashion industry, which contributes 3% to 10% of global greenhouse gas emissions. The report highlights that traditional financing models are insufficient for addressing the scale and complexity of the industry's supply chain emissions, which have increased in 2023. The paper calls for rethinking traditional models and promoting industry-wide collaboration to achieve scalable impact.
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Topics: climate change decarbonization EY fashion industry H&M sustainability