White Paper calls for fairer funding for denim’s decarbonisation
05/03/2024
'From Catwalk to Carbon Neutral: Mobilising Funding for a Net Zero Fashion Industry' offers a deep dive into the challenges and solutions for funding climate action in apparel manufacturing.
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 issues a ‘call to action’ for a more equitable and effective approach to funding climate action.
It has been co-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).
Photo by Andreas Felske on Unsplash
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