Fashion brands and NGOs are skipping COP29 in Azerbaijan just as the industry needs to finance critical change.
The presidents of France, Germany, India and the U.S., and the head of the European Union, are some of the high-profile absentees at this round of the U.N.’s annual climate talks, with countries such as Papua New Guinea skipping it altogether.
NGO Canopy, which works with brands to stop the sourcing of viscose and other wood-based materials made from ancient and endangered forests, focused its efforts this year on New York Climate Week earlier this year, as well as the U.N.’s biodiversity conference, which was held in October. “The consequences of that for pricing, for quality and secure supply in another three to 10 years are game-changing. The brands and many of the producers we’re working with are leaning in rather than out,” she added.
Apparel Impact Institute president and chief executive officer Lewis Perkins agreed that there will be less of a fashion presence this year, but said it is still a major opportunity “to get our voice into other circles outside of fashion.” H&M, along with Inditex, Kering and Stella McCartney, were key signatories to Canopy’s joint purchase agreement unveiled at COP in 2022, and the Swedish group launched its collaborative finance tool at last year’s edition.
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