• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026
EnvironmentFashion

Big fashion can’t align its climate goals with its business model

By
Zahra Hirji
Zahra Hirji
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Zahra Hirji
Zahra Hirji
and
Bloomberg
Bloomberg
Down Arrow Button Icon
September 17, 2022, 11:42 AM ET
A close-up of clothes for sale in a store.
Cheap clothes, enormous climate footprint. Michel Tripepi—EyeEm via Getty Images
Add Fortune on Google for similar content.

Last week was Fashion Week in New York City, and on Monday Climate Week will come to the Big Apple. At the intersection of these annual showcases lies an uncomfortable truth: No one has figured out how to credibly align climate goals with fashion’s current business model. 

Retailers have in the past few years announced a slew of sustainability measures — practically every company in the industry has a plan, or a plan to make a plan, for changing how they manufacture products to be greener, and extending those products’ lifespan. These initiatives have given rise to the buzzword of “circularity,” and are geared at reckoning with fashion’s enormous climate footprint. According to the United Nations, the industry contributes between 2% and 8% of global carbon emissions.

But that’s where things get awkward. As of now, there’s little discussion about just how many goods a company should be producing to hit its environmental targets. Instead, bold strategies abound to keep businesses in expansion mode. 

“Many, many companies are starting to realize they have a situation that appears irreconcilable,” said Elisa Niemtzow, vice president of consumer sectors and global membership at the sustainability consulting company BSR. “The concept of degrowth and alternative business models, or alternative models to growth, can be words that make people uncomfortable.” 

Take H&M. The Swedish retailer has pledged to cut its emissions 56% by 2030 compared to 2019 levels, earning a “B” for its 2021 climate disclosures from the third-party nonprofit CDP. That’s on top of H&M moving to reduce its water and plastic use and rely on more recycled materials. But even the best materials can’t counteract a production volume of 3 billion garments per year, or investor expectations of beating out fast-fashion competitors. Is it even possible to decouple climate goals from that kind of strategy?

Many scientists engaging with BSR don’t seem to think so. “Scientists generally would say that decoupling is actually not possible, or it could be possible for emissions but not for resource use,” Niemtzow said. “And even if it could be in theory possible, it’s extremely unlikely to ever happen.”

Some companies are trying. In the luxury space, Gucci managed to cut its emissions 15% compared to 2019 levels while still boosting sales, Business of Fashion reported. Alternative models on offer include capping growth, focusing on fewer, higher-quality items, and narrowing inventory to climate-friendly options — though it’s unclear how these approaches scale over time. There are also entire businesses springing up around reselling everything from apparel to furniture, or renting goods to avoid new production entirely. The rise in resale, rental, repair and remaking businesses, aka more circular ones, could potentially cut fashion’s climate footprint by about a third of what’s needed to keep the 1.5° Celsius goal alive, according to the Ellen MacArthur Foundation.

“I think the sustainability people in the fashion space have been talking about the elephants in the room of overproduction and overconsumption for several years now,” Niemtzow said, adding that companies are at least starting to be pulled into the conversation. “We’re still all searching for the right models to guide us.” 

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.
About the Authors
By Zahra Hirji
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

t
PoliticsWhite House
A truck-bed coating company, a UFC birthday party, and an algae bloom: Inside Trump’s $14 million Reflecting Pool fiasco
By Nick LichtenbergJuly 2, 2026
1 hour ago
t
CommentaryMedia
Netflix could turn NBC into its biggest bet yet — and this time, the math actually works
By Jeffrey Sonnenfeld and Steven TianJune 30, 2026
2 days ago
heat
EnvironmentHeat
America’s getting a heat dome for July 4th — it won’t kill you at 2pm but might at 2am
By Alexa St. John and The Associated PressJune 30, 2026
2 days ago
Photo of a clouded leopard cub
EnvironmentData centers
America’s AI hunger has reached the Nashville Zoo, and its endangered animals may be the ones to pay the price
By Marco Quiroz-GutierrezJune 30, 2026
2 days ago
ac
Commentaryclimate change
Top climate tech exec: Europe is sweating through a heat crisis America solved decades ago
By Taco EngelaarJune 30, 2026
2 days ago
Should you go to work during a heat wave? Your productivity suffers, and GDP tanks when it’s hot
Environmentclimate change
Should you go to work during a heat wave? Your productivity suffers, and GDP tanks when it’s hot
By Catherina GioinoJune 30, 2026
2 days ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
1 day ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
1 day ago
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
Politics
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
23 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.