According to a recent study by the New Climate Institute, the climate commitments of ten fashion and tech companies exhibit significant differences in both ambition and credibility.
Google and H&M stand out as the only two among them dedicated to achieving 100 per cent renewable energy in their supply chains, even though restrictions are attached to their targets. The report examined the renewable energy goals of these companies, producing diverse outcomes.
The thinktank highlights the importance of switching to renewable energy in the decarbonisation of organisations and their supply chains. However, it issues a cautionary note, asserting that, depending on the energy’s source, a 100 per cent renewable energy commitment could be used to ‘greenwash’ a company’s activities.
The report demonstrates that the impact of such a shift in a company’s operations pales in comparison to its supply chain, particularly in the apparel sector.
Furthermore, the report criticises the fault of H&M’s renewable energy target, noting the absence of a commitment to electrify its manufacturing processes. Meanwhile, sportswear brand Nike and US retailer Gap received a “moderate” integrity rating regarding their claims about their own operations.
