Mills call for help with burden of decarbonisation
07/03/2024
As part of a White Paper, the group outlines the need for innovative funding models in the clothing sector's journey towards decarbonisation.
'From Catwalk to Carbon Neutral: Mobilising Funding for a Net Zero Fashion Industry' discusses challenges and solutions.
The Transformers Foundation, which helped publish the report, said: “The apparel sector, a substantial force in the global economy, is currently responsible for an estimated 2-8% of the world's greenhouse gas emissions. On the one hand, most of those emissions - by some estimates as much as 80% - are in the supply chain. On the other hand, these are the entities with the lowest margins and least able to foot the bill. If we fail to devise new ways of financing decarbonisation we will also fail to realise our climate goals.”
The report has been commissioned by Epic Group, TAL Apparel, NITEX, Pactics Group, Artistic Milliners, MAS Holdings and Simple Approach. It is supported by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), FABRIC Asia Project and Transformers Foundation, and endorsed by the International Apparel Federation (IAF) and Fashion Producer Collective (FPC).
Transformers Foundation is hosting a Zoom webinar on March 19, 10AM and 4PM CET, to explain more.
Photo by Andreas Felske on Unsplash
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