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Fashion’s Green Debt Tinged With Greenwash

Chanel and other companies that sell sustainability-linked bonds aren’t risking much, with the majority of associated goals weak, irrelevant, or even already achieved, according to Bloomberg analysis.
Chanel Spring/Summer 2013.
Chanel Spring/Summer 2013. Getty Images. (Dominique Charriau)

Fashion giant Chanel, known for its iconic perfume and tweed suits, keeps up to date with changing tastes. These days that means showing consumers — and investors — that it’s doing its part to combat climate change.

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