Dec 11, 2018

Burberry, H&M sign Fashion Industry Charter for Climate Action at COP24

Sustainability
Olivia Minnock
2 min
Burberry, H&M, Gap and Guess are all among signatories of the Charter.
A number of global fashion names have signed an agreement to reduce their carbon emissions in line with the Paris Climate Agreement...

A number of global fashion names have signed an agreement to reduce their carbon emissions in line with the Paris Climate Agreement and UN Climate Change.

The pledge was announced at COP24, the UN’s conference on climate change which this year took place in Poland, with big names such as H&M signing the Fashion Industry Charter for Climate Action.  

The charter includes fashion brands, leading retailers, supplier organisations and others involved in the fashion supply chain, which have all agreed to address the impact the fashion sector has on climate change. A total of 43 leaders signed up, including Burberry, Espirit, Target, Levi Strauss & Co, Puma, Gap Inc and Guess.

 

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The vision for the Charter is for the fashion industry to reach net zero emissions by 2050, with issues addresses including decarbonisation of the production phase, selection of climate friendly and sustainable materials, and exploration of circular business models.

Karl-Johan Persson, CEO of H&M Group, stated: “This charter is about getting the fashion industry united in important climate work. Our industry has a global reach and only together can we create the change that is urgently needed. We are happy to be a signatory of this charter as part of our ambition to become climate positive in our value chain.”

Meanwhile, Marco Gobbetti, CEO of Burberry, added: “While we have committed to becoming carbon neutral in our own operations, achieving a 30% reduction in greenhouse gas emissions across the entire global fashion industry by 2030 will require innovation and collaboration. By working together with other signatories of the Charter, we believe that we can achieve systematic change and build a more sustainable future.”

UN Climate Change Executive Secretary Patricia Espinosa stressed the impact the fashion industry can have on other industries as well as consumers. “The fashion industry is always two steps ahead when it comes to defining world culture, so I am pleased to see it now also leading the way in terms of climate action,” she said. “I congratulate the signatories of this important charter, which represents a unique commitment and collaboration from an array of fashion leaders. The Charter, like the renowned fashion runways of the world, sets an example that I hope others will follow.”

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Drax
Biomass
Sustainability
BECCS
Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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