Bloomberg

Greener fashion industry could unlock more than $100 billion in value

Fashion accounts for 8% of global greenhouse-gas emissions, more than international flights and maritime shipping put together, according to Barclays. Foto: Sebastian Buur Gunvald/ Polfoto

Global fashion's "take-make-dispose" model needs a sustainability makeover.

That's according to a report out this week from Barclays titled "Green is the new black," which projects the fashion industry can unlock some 110 billion euros ($123 billion) in value by addressing key environmental issues related to water, energy, chemicals and waste. If business continues as usual, 45 billion euros in profit is at risk by 2030...

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