He was drawing from a buzz phrase made popular by the Chinese, which means doing the bare minimum to get by. Avoid complacency but don’t adopt "catastrophic thinking", says Tharman Shanmugaratnam at the Ecosperity sustainability conference.
There is a disconnect between brands' pursuit of decarbonisation targets and the provision of financing to their suppliers. Companies such as H&M are now working with banks in the region on new loan structures to support factory upgrades. Will that make a difference?