Report Presents Decarbonization of Fashion Industry as $1T Investment Opportunity

January 10, 2022 EcoVadis ‏‏‎

A new report — co-authored by Fashion for Good and the Apparel Impact Institute (Aii) and sponsored by HSBC — for the first time charts a trajectory for the industry to meet the net-zero ambition, mapping the integral levers across existing solutions such as renewable energy, and emerging innovations such as next-generation materials and circular and other end-of-life solutions for textiles. Estimating an investment opportunity of $1 trillion to finance the transition, the report breaks down the funding needed by solution category and identifies the types of funders best placed to take advantage of the opportunity and benefit from the positive returns.

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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