Study: Climate inaction could see fashion industry lose a third of its profits

clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Report warns climate impacts could slash fashion sector’s projected value by 70 per cent in the coming decades

Without action to tackle escalating climate risks, the fashion industry could see its profits slump by 34 per cent by 2030, as rising costs eat into the sector's often wafer thin margins. That is the...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

Earthshot Prize: 'Satellites on Fire', city of Barcelona, and clean energy giant Ørsted among 2026 finalists

Earthshot Prize: 'Satellites on Fire', city of Barcelona, and clean energy giant Ørsted among 2026 finalists

Global environmental award backed by Prince William today announces its sixth cohort of finalists in the running for £1m prize

Stuart Stone
clock 18 September 2026 • 4 min read
'The chips are well and truly down': Drought slices three million tonnes off UK and Europe's potato crop

'The chips are well and truly down': Drought slices three million tonnes off UK and Europe's potato crop

Lost production could cost farmers more than €800m, as Europe faces one of its smallest potato harvests on record

Stuart Stone
clock 17 September 2026 • 4 min read
Study: How switching meat for beans could slash food bills and combat drought

Study: How switching meat for beans could slash food bills and combat drought

Green Alliance claims replacing meat with UK-grown pulses in just two meals a week could save households £100 a year on groceries and ease pressure on drought-hit water supplies

Michael Holder
clock 17 September 2026 • 3 min read