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Inditex boosts fast fashion flights from India to avoid shipping delays

Business Standard LogoBusiness Standard7h ago

Inditex boosts fast fashion flights from India to avoid shipping delays - Business Standard

Quick Summary:

The shift raises questions about how the world's biggest listed fast-fashion retailer is progressing towards its target of slashing by half its "Scope 3", or indirect, emissions, as air transport produces significantly higher carbon emissions than shipping.

Airport data showed cargo movements increased by 39 per cent in January-September compared with the same period last year.

Transport accounted for 12.1 per cent of its total emissions in 2023, up from 8.4 per cent in 2022, though Inditex said changes in its reporting methodology made the 2023 figures not comparable with 2022.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 10:53:42 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 798 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23714014

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 243 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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