The apparel and textiles industry has to balance environmental and social responsibilities with consumer demand for ‘fast fashion’ and competitive pricing.
The shift to globalized, rapid response supply chains brings with it new challenges and opportunities. The sector is vulnerable to resource volatility and reputational risk, and is coming under increasing pressure from regulators and pressure groups. If handled in the right way, these changes present an opportunity for companies to gain advantage.
Trucost’s environmental metrics help companies to understand their financial risk exposure to environmental issues, from natural resource volatility to pollution impacts, identify risky issues and locations – and inform management strategies. We also help companies to measure the benefits of different environmental and social initiatives, ensuring attention is focused on areas of greatest return and safeguarding reputations with transparent, data driven communications.