2025, the seemingly far-off year of climate target deadlines, has suddenly arrived. Is the fashion industry where it should be? Have its climate targets been met? Has the industry undergone the radical change necessary?

It’s a ‘no’ on all three fronts. Over the past 12 months, the industry faced a sort of existential crisis, as supply chains were rocked by scandals, beloved brands shuttered and political turmoil cast a shadow over progress.