Skip to main content
  • Wealth management
  • Asset management
  • Wealth management
  • Individual investor
  • International
  • MyRathbones login
  • Financial Planning login
  • Donor Advised Fund login
Home
  • Funds and strategies
    Funds and strategies

    Visit our fund centre for our full fund range

    Funds and strategies
    • Equities

      Our 4 UK-based stock-picking funds with investments in the UK and abroad

    • Fixed income

      Our 4 bond funds offering different risk levels, returns, and markets

    • Multi-asset

      6 genuinely active, globally unconstrained, directly invested strategies

    • Sustainable

      Our 3 sustainable funds come in equity, fixed income and multi-asset varieties

  • Literature
    Literature library

    Search our full library for information about a specific fund

    Literature
    • Assessment of value

      See the assessment of value reports for our funds

    • Consumer duty

      Our target market information can help you meet new Consumer Duty requirements

    • Glossary

      Search our A-Z for definitions of industry terms and acronyms

  • About us
    About us

    An active management house, offering a range of investment solutions

    About us
    • Our people

      Search our peoples directory

    • Awards

      See our fund awards from rating agencies and trade publications, dating back to 2002

    • Responsible investment

      Our responsible investment principles ensure that the companies we invest in operate in the long-term interests of shareholders

    • Media centre

      Read the latest Group news

    • MIFIDPRU 8
  • Insights
    Fund insights

    Listen to our fund managers discuss market news and investment opportunities

    Insights
    • In the Know blog

      Read market commentary from our fund managers

    • Review of the Week

      Search the latest market news and insights

    • The Sharpe End podcast

      Listen to the monthly news and views from the Rathbone multi-asset investing team

Let's talk

Search

Spend it with care

31 July 2019

Fast isn’t always good. The rise of ‘fast fashion’ may have brought short-term happiness to some, but its long-term impacts are potentially devastating.

  1. Home
  2. Spend it with care

Article last updated 30 September 2025.

The plastic problem has been under the environmental spotlight for a while and the fashion industry has recently come into focus. We want to protect our planet, but there is an overwhelming amount of information out there and it’s hard to know how best to respond. One thing we can all do is pay a bit more attention to the way we spend our money. The power of the pound is immense.

Focus on fashion

Recent reports and documentaries have surprised viewers with the hefty carbon footprint of simple items of clothing. The culture of fast, throwaway fashion has come under fire as items are no longer treasured for years, more like one Saturday night.

The Environmental Audit Committee recently published its final report on the sustainability of the fashion industry. It said that UK designers are already taking a lead on sustainable fashion and there are some exciting and innovative businesses out there, but the news wasn’t all positive.

According to the report we buy more clothes per person in the UK than any other country in Europe. And many of these clothes are cheap and trend-driven, simply stoking the fast-fashion fire. We consume 60% more garments than we did in 2000; that’s simply an unsustainable rise.

The report also found plenty of worrying evidence about labour practices in factories which supply these fast fashion brands and e-tailers. It is apparently an open secret that some garment factories in the UK do not pay the minimum wage and forced labour is used to pick cotton in two of the world’s biggest cotton-producing countries, Turkmenistan and Uzbekistan. Rules and regulations can get side-stepped in the pursuit of profits.

Wheels are starting to turn, and awareness is being raised. However, it’s clear that the current fast fashion business model cannot last forever. It causes too much damage, both through its labour practices and its production of energy-intensive products. We need to recycle, mend and re-wear. After all, the most sustainable clothes are the ones you are already wearing.

Some brands are doing more to change their ways than others. But, we can all support the cause by researching a company’s practices and then asking ourselves: do I really need to ‘add to basket’?

The price of plastic

The spotlight has been on plastic for much longer and our specialist ethical investment arm Rathbone Greenbank has already written a lot about the plastic problem, highlighting the impact our disposable culture is having on the remotest parts of the planet in their latest Rathbone Greenbank Review. In an essay written for the Rathbones Look Forward series, journalist and broadcaster Lucy Siegle cited predictions that by 2050 plastic in the oceans will outweigh fish, noting that the plastic crisis is real and failure to address it will have devastating results.

The cheapness and durability of the product have assured its rise and sadly, that rise has been on our watch. Reports show that a million plastic bottles are bought around the world every minute and that this will increase a further 20% by 2021.

But the tide is gradually starting to turn, and attitudes are starting to change. Since the new legislation was introduced in 2015, requiring any retailer with more than 250 employees to charge 5p per single-use plastic bag, usage in England has fallen by more than 80%. Laws against plastic bags are being introduced in countries all over the world and microbeads are being banned in products.

This is an encouraging start, but we can do more ourselves. It’s up to us to be proactive and take responsibility for what we buy and the way we spend our money.

Spending power

If you think that every time you make a purchase, or decide where to invest, you are effectively endorsing that company and its practices, you might start to think a little harder before you spend. Start researching corporate practice and you might find something you don’t like; there’s nothing like a profit warning to pique the interest of a CEO.

Create a framework of criteria based on your own values and use that to analyse businesses and whether or not you want to endorse them. Everyone has different priorities and will choose different ways of spending their money. Eventually, companies with poor practices will be forced to change.

There is a huge amount of information about corporate practices if you have a dig around websites. Big corporates get a bad rap, but actually, many are waking up to the need to act more responsibly. And because of their size, they also have the power to create huge change more quickly than their smaller competitors. You may be surprised by the companies that end up coming out on top. If we all start to think more about consuming responsibly, our shopping lists may start to look a bit different.

Let's talk

Ready to start a conversation? Please complete our enquiry form, we look forward to speaking with you.

Enquire
Rathbones Logo
  • Important information
    • Terms and conditions
    • Modern Slavery Statement
    • Accessibility
    • Privacy
    • Consumer Duty
    • Cookies
    • Update cookie preferences
    • Sitemap
  • Important Information
    • Complaints
    • Voting disclosure
    • Assessment of value reports
    • TCFD Reports
    • Financial Ombudsman Service
    • Financial Services Compensation Scheme
    • Status of our websites
Address

Rathbones Asset Management
30 Gresham Street
London
EC2V 7QN

Rathbones Asset Management Limited is authorised and regulated by the Financial Conduct Authority and a member of the Investment Association. A member of the Rathbone Group. Registered Office 30 Gresham Street, London EC2V 7QN. Registered in England No 02376568.

© 2025 Rathbones Group Plc Incorporated and registered in England and Wales. Registered number 01000403

Follow us
  • LinkedIn
Welcome to Rathbones Asset Management Adviser Site
This site is designed for financial advisers and investment professionals only. If you are not a financial adviser or investment professional, please visit <a href="/en-gb/asset-management/individual-investor">our homepage</a>.

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.