Barclays Say That Green Is The New Black In The £100 Billion Sustainable Fashion Market

Image Courtesy of PXhere

A new Barclays Bank report this week highlights the importance of sustainability for the world wide fashion industry.

The report says that the Global fashion Industry, widely reported to have greater global gas emissions than International Flights and International Shipping put together, needs to get it’s act together to retain Investor confidence and support.

With £40 billion of profits at risk before 2030,  environmental, social and investor governance issues can no longer be ignored.

As the Sustainability agenda begins to bite, Barclays sees the future level of profits affected by :

·        Higher Input Costs

·        Market Pressures

·        Higher Capital Expenditure On Sustainable Equipment

·        Having To Deal With Microplastic Pollution

·        Increased Governmental And International Regulation

Yet the upside is a predicted global market worth of £100 billion if the Fashion Industry successfully addresses the main environmental concerns of water, waste, pollution, energy and chemicals.

Many of the Global fashion Brands are working hard to develop their sustainability policies, with Inditex, H & M and Nike and Gap leading the way, moving swiftly through comprehensive official company policies to go down the road of securing renewable fabric supplies, monitoring their own greenhouse gas emissions and urging their suppliers to adopt climate friendly production techniques.

So, a fashion revolution is underway, as sustainability credentials are set to become a vital component in investor decision making, and Global Brands look at securing their share of the predicted £100 billion market.