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Fashion must stick to climate pledges to prevent waste crisis, says UK economist
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The fashion industry is facing a waste and overproduction crisis if it continues on its current trajectory, one of the UK’s leading economic experts has warned.
Dame Vivian Hunt, a managing partner at the consulting firm McKinsey and Company, said “fashion has a long way to go to demonstrate its commitment to achieving net zero emissions”.
Hunt, who has previously been named the most influential black woman in Britain and one of the 30 most influential people in the City of London, said recent investigations showed 12% of fibres were discarded on the factory floor.
She highlighted the acute problems with overproduction, noting that 45% of garments went on to be sold at markdown prices.
Hunt was speaking at the Business of Fashion Voices
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