H&M Foundation and Forum for the Future release textile industry scenarios
What happened
The H&M Foundation teamed up with Forum for the Future to release Textile Futures 2040, a set of four scenarios for industry leaders. These scenarios are designed to help companies stress-test assumptions about growth, technology, consumption, and responsibility, and reframe strategies for net zero and a just transition. The H&M Foundation stated that the scenarios are not predictions, but tools to help decision-makers make better choices today.
From wwd.com
Why it matters
The scenarios address the textile industry’s carbon footprint, noting that textile processing accounts for 55 percent of the industry’s greenhouse gas emissions. The initiative encourages industry leaders to adjust their strategies to meet future sustainability requirements.
From wwd.com
Who's involved
- H&M FoundationNonprofit organization that partnered with Forum for the Future to release the textile scenarios.
- H&MParent company structurally linked to the H&M Foundation.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BangladeshSpeculative
Bangladesh might face supply chain pressure to decarbonize manufacturing processes.
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The entities involved
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H&M
Swedish multinational clothing-retail company
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H&M Foundation
nonprofit organization in Stockholm, Sweden
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