Carbon pricing would be the most structurally embedded risk and hardest to reverse. Carbon pricing is different as it sits directly on Scope 3, where 96–99% of apparel emissions occur. That means it’s embedded in Tier 2 manufacturing and upstream energy systems. Unless those systems decarbonise, cost exposure compounds year over year.
We see opportunities for hemp as a crop that is not related to other agricultural crops. This has a positive impact on breaking the cycle of diseases and pests. Hemp therefore acts as a kind of fallow crop. This means that the crop certainly has its value in the Flemish crop rotation system. Moreover, farmers are looking for alternative crops, and hemp could be a solution here.