1、WHOSLEADING THE RUNWAY?2025 luxury fashion 2025 luxury fashion sustainability reporting&sustainability reporting&communications benchmarkcommunications benchmarkBy ContextContentsContents03Why luxury fashion?06A bit about Context07Overview:Results snapshot08What we did10What we found:Insights by cat
2、egory14Our recommendations19Appendix2Why luxury fashion?Why luxury fashion?Luxury fashion is growing,and so is its impactThe luxury fashion market is projected to grow from approximately 234 billion in 2025 to 310 billion by 2030.And as the industry grows,so do its environmental and social impacts.T
3、he wider fashion sector is estimated to account for up to 8%of global GHG emissions and ranks as the worlds second-biggest consumer of water after agriculture.Increasing scrutiny of the social aspects of luxury fashion has also revealed incidents of worker exploitation,with some suppliers paying as
4、little as 4 an hour for up to 90 hours a week to cut production costs.Chemical use is another area of concern.Studies have shown that some luxury garments contain compounds known to be harmful to human health including hazardous substances such as nonylphenol ethoxylates,which can cause reproductive
5、 and developmental problems.The industry is starting to do more about sustainability.slowlyIts not all bad luxury fashion is making some positive strides.Adopting innovative materials like plant-based leathers,setting GHG emissions reduction targets,and supporting resale platforms to reduce waste ar
6、e just some of the ways the sector is slowly evolving.While many of these actions come with their own challenges and limitations and often focus more on environmental issues than social ones,they are at least steps in the right direction.Communicating these initiatives effectively is increasingly va