Loeb & Loeb LLP
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Sustainability in Fashion
- Greenwashing
- Environmental Claims
- Social and Environmental Impact Disclosure
Climate Goals & Targets
Environmental Challenges
- Greenwashing and false advertising in the fashion industry.
- Difficulty in substantiating sustainability claims, particularly aspirational ones.
Mitigation Strategies
- FTC review of Green Guides.
- NAD guidance on evidence required to support sustainability claims.
- Increased regulatory scrutiny of environmental claims in the US, UK, and EU.
- New legislation requiring disclosure of social and environmental impact (e.g., New York).