Tag: NewClimate Institute

Fashion sector shows progress in climate strategies, but falls short on key transitions – report

Stuart Mitchell

While some fashion companies have made progress in their climate strategies, the lack of critical transition measures and reliance on false solutions like biomass and fossil gas undermine the integrity of their efforts, according to the new analysis by the 2025 Corporate Climate Responsibility Monitor (CCRM), released recently by NewClimate Institute in collaboration with Carbon Market Watch.   This year’s fashion deep dive of the 2025 CCRM, in its fourth edition, assesses five major global fashion companies – Adidas, H&M, Inditex, Lululemon and Shein – focusing on how well they…

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Slow improvement in companies’ climate targets threatened by potential new offsetting loophole

Stuart Mitchell

Despite increased ambition in their climate target-setting, 51 of the world’s largest companies commit to reducing their emissions by only 30% on average by 2030, falling short of the 43% reduction required to limit global warming to 1.5°C, according to a report released today by NewClimate Institute in collaboration with Carbon Market Watch.  While the slight improvement in the companies’ targets is a positive step, the report warns against taking these targets at face value, as many companies still rely on loopholes and false solutions to exaggerate the ambition of…

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