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Young, urban fashion consumers actively search for sustainable options, but many find it challenging to figure out what factors constitute "sustainability."
A recent McKinsey survey in the United Kingdom examined consumer sentiment about sustainability in clothing, footwear, and accessories. They found that millennials and Gen Zers are reaching the age and income levels to apply their eco-conscious values and beliefs to their wardrobes.
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Despite increased awareness about the importance of sustainability, the fashion industry’s environmental footprint remains substantial.
Companies continue to create more products than they can sell, and over half of all fibre globally produced is polyester, which requires more energy for extraction and processing and lingers in the environment for a long time. But fashion companies will likely feel pressure to do more as environmental, social, and governance (ESG) transparency continues to grow.
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There is no shared understanding among consumers or brands about what "sustainability" means, which features matter most, or where to find information about a particular brand's sustainability commitment.
Fashion brands have an opportunity to deliver clear, direct information on their practices and effortless postpurchase options that consumers can use to reduce the impact of their fashion choices.
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This finding highlights a fertile opportunity for the development of circular business models. To create more value for shoppers, brands can design their products to be repurposed. If this sustainable loop is well managed, it would lessen consumers’ dependence on entirely new products and reduce the fashion industry’s planetary impact.
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