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These 8 business leaders are championing a nature-positive economy – Here s why
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8 business leaders championing a nature-positive economy
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The collapse in international travel, notably a lack of Chinese tourists in western capitals, cost the industry £10 billion last year and may do the same or worse this year, analysts estimate. And the glut of stock exposed by lockdown has revealed fashion’s dirty secret: it is based on overproduction, excessive resources and cheap labour.
“The situation is worse than Sars, 9/11 and the global financial crisis put together,” says John Hooks, former right-hand man to Giorgio Armani and Ralph Lauren, who is now a leading consultant to the biggest fashion brands. But the business is all about change and it’s racing to reset faster than at any time in its history. What will it look like in future?
Gucci Outlines New Plan Aimed to Reduce its Environmental Impact
How Gucci s New Plan Aims to Reduce its Environmental Impact
Gucci
This article was first published Thursday, January 28 while waiting on clarifications from Gucci. It has since been updated to include new information provided by the brand.
Last week, Gucci announced its “Natural Climate Solutions Portfolio,” a plan for the company to improve its impact on the environment.
Gucci’s outline is a little dense so we broke it down into its three main sections; regenerative agriculture, reducing or offsetting emissions, and improving the materials the brand uses.
Below, we attempt to digest the portfolio to see clearly what Gucci is actually doing with its climate plan as we will be doing for all brand sustainability initiatives going forward. As you can see, it wasn’t easy.
January 28, 2021 11:46 am
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After announcing a change of pace with its collection, Gucci has now unveiled a new climate strategy that goes beyond carbon neutrality.
The label has been carbon neutral since 2018, by following the mitigation hierarchy its its supply chain: avoid, reduce, restore and then, as a last measure, offset its remaining greenhouse gas (GHG) emissions through nature-based solutions every year.
However this new initiative goes towards a more nature-positive approach, with an aim to protect and restore critical forests and mangroves, while also investing in regenerative agriculture within its supply chain, and more broadly, to give back to nature.
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