Would you wear socks made from wood pulp?
If you’re like most people, your clothes are made of cotton produced with pesticides, fertilisers, and hundreds of litres of water. Or they might be synthetic, made from petroleum, and destined to become ocean-borne micro-plastic. “The fashion industry has a lot to answer for,” says Maxime Le Floch, an analyst with Regnan’s Global Equity Impact Solutions Fund (distributed by Pendal). “Fashion is responsible for 5 percent of annual carbon emissions. Some 6 percent of global pesticide production is applied on cotton crops alone.” Austria’s Lenzing Group (held in the portfolio) may have an answer. It’s making fabrics from sustainably sourced wood pulp for shirts, shorts, towels, nappies, and wet wipes.
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Pendal is an independent, global investment management business focused on delivering superior investment returns for our clients through active management. Pendal does not have a “house view”. We operate a multi-boutique style business...
No areas of expertise
Please sign in to comment on this wire.