LONDON – The Science Based Targets initiative (SBTi) has changed its minimum requirement for corporate climate action to the 1.5°C target of the Paris Agreement. The shift away from its previous minimum target of ‘well below 2°C’ means several businesses from the textile and fashion sector which have signed up to the SBTi’s are no longer hitting the SBTi’s minimum target. These include Puma, Aldo and Aldo Group, which have all set a ‘well below 2°C’ target and viscose fibre manufacturer Lenzing which has set a ‘2°C’ target.
The likes of Adidas, Under Armour, PVH, VF Corp and Ralph Lauren are among dozens of apparel retailers which will still meet the new minimum requirements set by the SBTi.
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