• You Might Want to Think Twice About Clothing Brands That Push Rental, Resale, and Recycling

    This month, three shirts, two dresses, and a pair of shorts arrived at my door. They’re mine, but only for a month. After that, I’ll pack them in a reusable tote bag and send them to a warehouse in Pennsylvania, where they’ll be cleaned and shipped to their next (temporary) owner.

    Along with more than 150,000 other people—most of them, like me, women between the ages of 25 and 35—I subscribe to Nuuly, a rental service operated by URBN, the parent company of brands including Anthropologie, Free People, and Urban Outfitters. For just shy of $100 a month, I get a regular influx of new clothing—and a chance to clear my conscience.

    https://time.com/6285257/is-clothing-rental-resale-recycling-sustainable-nuuly/

  • Asos, Crocs Reset Net-Zero Climate Commitments

    Asos has dropped its 2030 net-zero emissions target and Crocs has delayed its deadline by a decade, rare public resets as scrutiny of corporate climate goals mounts.

    https://www.businessoffashion.com/articles/sustainability/crocs-asos-net-zero-emissions-climate-targets-greenwashing/

  • Climate Finance Groups Are Misunderstood, BMO Says

    Climate finance groups that press companies to decarbonize are wrongly confused as being regulators that set rules for businesses to reach net zero emissions, according to Dan Barclay, chief executive officer of BMO Capital Markets.

     

    https://www.bloomberg.com/news/articles/2023-04-25/climate-finance-groups-are-misunderstood-bmo-s-barclay-says?leadSource=uverify%20wall&sref=fnjoKOAK

  • When Marketing Gets Political

    • This week, Rothy’s is turning its marketing clout to support a New York State recycling bill.
    • As brands look to back up sustainability marketing such moves are likely to become more common, particularly when business interests, consumer values and policy efforts align.
    • Support for regulatory changes is needed for brands to deliver on their sustainability commitments, but corporate advocacy also needs to take on the issues brands create.

    https://www.businessoffashion.com/articles/sustainability/rothys-bottle-bill-new-york-recycling/

  • How Climate Change Is Transforming the Way We Shop

    Shifting weather patterns are making shopping behaviour harder to predict, adding to inventory management challenges for brands and retailers.

    https://www.businessoffashion.com/articles/sustainability/climate-change-weather-consumer-spending-seasonless/

  • Do you know what’s really in your ESG fund?

    The problem is “garbage in, garbage out,” said Kenneth Pucker, a director at Berkshire Partners who teaches at Tufts University. “The reporting is not complete, results are mostly unaudited, and they are not comparable.”

    https://www.courthousenews.com/do-you-know-whats-really-in-your-esg-fund/

  • Sustainable Funds Face Big Challenges. Only Some Will Be Winners

    “On a relative basis, flows to ESG funds remain healthy, as compared to traditional funds. So one could say that from the asset managers’ perspective, the ESG model isn’t broken.  Actually, its proven very resilient,” says Pucker, who has written extensively on ESG investing. “From the perspective of the planet, ESG is almost irrelevant.  And from the perspective of the individual or institutional investor who thinks they are getting either alpha impact, I would argue it is broken.”

    https://www.barrons.com/articles/sustainable-funds-face-big-challenges-esg-winners-51672961981

  • ESG investing faces challenges from all sides. Can it survive?

    The beleaguered environmental, social, and governance (ESG) investment sector has taken a pummeling from all sides this year, most recently from a Republican-led offensive accusing $8 trillion asset manager BlackRock and other investment companies of hostility toward the oil and gas sector.

    https://fortune.com/2022/12/19/esg-investing-faces-challenges-from-all-sides-can-it-survive/