APPAREL CARBON REDUCTION PLANS 'NOT CREDIBLE'

LONDON - Only a third of companies have credible carbon emission reduction plans in place - with apparel among the worst offenders, according to the CDP intitiative.

The non-profit, which runs the world's environmental disclosure system, said more than 13,100 companies disclosed their plans to mitigate climate change last year.

However, only 4,002 had developed a low-carbon transition plan and just 135 - fewer than one per cent - reported on all 24 of the CDP's key indicators of a credible plan.