Sustainability and ESG in the German Fashion Industry: A future Focused Perspective
Jan Peter DANZ
https://doi.org/10.53465/CEECBE.2025.9788022552257.64-77
Abstract: The German fashion industry stands at a turning point, shaped by growing societal and regulatory demands for sustainability and ethical business practices. The integration of Environmental, Social, and Governance (ESG) criteria into the industry’s business models is no longer optional but a strategic necessity. This study analyzes the increasing importance of ESG in the German fashion sector, highlights key challenges, and evaluates its impact on decision-making processes and competitiveness, with a particular focus on future developments. The German fashion industry has long been criticized for its negative environmental and social impacts. In response, companies are increasingly adopting sustainable business models, embracing the circular economy, and investing in technological innovations. Despite the challenges involved, ESG principles also offer new market opportunities and strategic advantages for the future.
Keywords: Economics, Sustainability, ESG, German Fashion Industry
JEL Classification codes: F10, M20, Q50
Fulltext: PDF
Published by: Vydavateľstvo EKONÓM, Bratislava University of Economics and Business
Year of publication: 2025
Online publication date: 16 May 2025
Copyright: Author/s of the paper
ISBN 978-80-225-5225-7
ISSN 2453-6113
Pages: 64-77