The world’s largest fashion brands are not working fast enough to cut their consumption of fossil fuels, a report has found.

The What Fuels Fashion report from campaign group Fashion Revolution urged firms to invest “at least 2%” of their annual revenue into efforts to transition their businesses away from fossil fuels – like coal – to renewable energy to power their manufacturing sustainably.

Fashion remains one of the most polluting industries, with fossil fuels burned at every stage of production, and estimates suggest that the industry is responsible for around 10% of annual global carbon emissions, equivalent to more than all international flights and maritime shipping combined.

The report analysed and ranked 250 of the world’s biggest fashion brands and retailers with a turnover over $400m (£312m) based on their public disclosure of climate and energy-related actions. It gave major brands including Reebok, Billabong, DKNY and Tom Ford a 0% rating on their decarbonisation efforts,...