Climate Inaction Could Cost Fashion Industry Up to 34% of Profits
By
Antonio Vizcaya Abdo
Summary
This article examines the financial risks climate change poses to the fashion industry, specifically noting that extreme weather events like floods, droughts, heatwaves, and storms could cost up to 34% of fashion industry profits. It highlights how climate impacts are increasingly visible in financial results across supply chains, with industries dependent on global sourcing being particularly vulnerable.
Source
bskyClimate Inaction Could Cost Fashion Industry Up to 34% of Profitssustainablebrands.comKey quotes
· 5 pulledTwo weeks ago, I wrote about how extreme weather is increasingly showing up in financial results.
Floods, droughts, heatwaves and storms are disrupting operations, damaging infrastructure, affecting productivity and creating new costs across supply chains.
As more organizations disclose their experiences, the connection between climate impacts and business performance becomes increasingly visible.
While every sector faces some degree of exposure, vulnerability is not evenly distributed.
Industries that depend on global sourcing
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