Can a business based on changing our clothes change its ways?

Kering brands like Gucci and Bottega Veneta banned fur years ago, but the French luxury group is extending the policy across all its labels.

This year, Ralph Lauren and Lululemon have joined the likes of H&M Group, Kering and Chanel in pouring money into innovations that could reduce the industry’s environmental impact.

The Covid-19 pandemic has put financial pressure on businesses, threatening their sustainability agendas. But aligning profit and purpose, and fulfilling responsibilities to the planet and communities of people beyond shareholders may matter more than ever to long-term success.

Female impact investors are putting their money where their mouth is, backing sustainable fashion companies and hoping their bets pay off in more ways than one. But how savvy are values-based investments in the post-pandemic reality?

The industry has yet to solve the trade-off that selling more clothes, bags and shoes fundamentally requires more resources.

As the fashion industry heads into a new decade, it is facing more pressure than ever before to clean up its act when it comes to climate change and human rights. Whether or not it does could determine which brands survive the next 10 years.

Carbon offsets are a tempting solution to fashion's climate problems, but they're no quick fix for the complex challenges facing the industry.