From cpaaustralia.com.au: The fashion industry currently accounts for up to 10% of global greenhouse gas emissions and is on track to contribute 26% by 2050, prompting a need for sustainable practices to mitigate environmental impacts.
Brands are increasingly adopting circular business models, with initiatives like the Seamless scheme in Australia aiming to reduce clothing waste and promote recycling.
Studies indicate that integrating sustainability can enhance profitability as consumers increasingly favor brands that demonstrate ESG commitments.