FYS001-0 Assignment 2: Analyzing Social Issues in the Fashion Industry

This essay analyzes social issues within the fashion industry, focusing on corporate social responsibility (CSR) and investment considerations. The student utilizes the PESTLE model to examine political, economic, social, technological, legal, and environmental factors impacting the industry. The analysis includes advice for investors and explores the benefits of the fashion industry for lower-class populations. The essay references several academic sources to support its claims and provides a comprehensive overview of the industry's social and economic dimensions. The assignment is based on a case study provided by the tutor, addressing specific questions related to the social impact of the fashion industry, making it a useful resource for students studying Individuals in Society.

Essay.

Table of Contents
QUESTION 1: ................................................................................................................................3
CSR in the fashion industry....................................................................................................3
QUESTION 2:.................................................................................................................................3
Advise for investment.............................................................................................................3
QUESTION 3:.................................................................................................................................4
Industry benefits to lower class people..................................................................................4
REFERENCES................................................................................................................................5

QUESTION 1:
CSR in the fashion industry.
For analysing CSR here is use PESTLE model for fashion industry are as follow:
Political:
The government has ability to encourage companies to buy fabric locally and use CSR
policy. Companies are used CSR to integrate economic, environmental and social objectives.
This is best for companies to promote their products as per requirement.
Economical:
The economic condition is also impacted to fashion industry because who are earned
lower income with high unemployment rate (Colucci, Tuan and Visentin, 2019). Through that
peoples are not buy higher price of clothes.
Social:
Social factor is consist with CSR policy of fashion industry if it not matches with aims
and CSR policy is created impact on then fashion industry.
Technological:
As per the case study, advanced technology is affect to CSR policy in order to take the
highest order and cyber sales will provide important.
Legal:
In order to protected by cyber crime industry has to use data protection act. This help to
boost and motivate customers in order to purchase products at lower price.
Environmental:
The climate changes seems to be the foremost in the mind of an increase then populations
(Marshall, 2015). This affect to fashion industry about the plastics and waste.
QUESTION 2:
Advise for investment.
In order to advise investors about investing in the fashion industry or not, here is
suggested that yes. They have to invest in fashion industry because here have more growth of
business now a days.

QUESTION 3:
Industry benefits to lower class people.
Yes, The have industry more benefits with the lower class people in the society because
they are purchase lower price products as on regular basis but on the other side, higher class
people move towards higher products (White, Nielsen and Valentini, 2017).

REFERENCES
Books and Journals
Colucci, M., Tuan, A. and Visentin, M., 2019. An empirical investigation of the drivers of CSR
talk and walk in the fashion industry. Journal of Cleaner Production, p.119200.
Marshall, A., 2015. Industry and trade. Vani Prakashan.
White, C. L., Nielsen, A. E. and Valentini, C., 2017. CSR research in the apparel industry: A
quantitative and qualitative review of existing literature. Corporate Social
Responsibility and Environmental Management. 24(5). pp.382-394.