Every second, a lorryload of textile waste ends up in a landfill site. The fashion industry is responsible for 92m tons of rubbish a year and more greenhouse gas emissions than all international flights and maritime shipping combined. Plastic microfibres which end up in the sea after we bin our year-old jumpers which have already gone out of style, kill an estimated 100,000 marine animals every year, while the manufacturing process of cotton garments produces a fifth of the world’s wastewater.
Our fast-fashion habit is draining the world of its natural resources and we need a solution. Now.
Many retailers are going out of their way to show that they have the environment in mind when they are making their products. Primark – owned by FTSE-listed company Associated British Foods (LON: ABF) – perhaps has more to prove than any of its peers, after facing a string of questions concerning how it can sell…
For access to the top news and insights from the investment worldREGISTER FREE TODAY