What Fashion’s Foundational Shift to Address ESG Issues Really Looks Like

As governments propose regulations to address the environmental and social impacts of the fashion industry and companies consider voluntary reporting of environmental, social, and governance (“ESG”) factors, the fashion industry continues to wrestle with a complex reality. The fashion industry cannot avoid the fact that it is operating on a 20th century business model built on production, consumption, and profit while attempting to solve for 21st century-and-beyond sustainability problems that require a foundational paradigm shift.