Summary
The fashion industry produces 4% of all greenhouse gases globally – equivalent to the annual emissions of France, Germany and the UK combined (Source: McKinsey). The sector needs revolutionary change – but it also needs to plug a massive funding gap to achieve it. Analysts estimate that fashion must now plough US $30 billion annually (Source: Fashion for Good) into climate action and social sustainability to meet the 2030 Sustainable Development Goals.
Yet the innovations needed for sustainable transformation already exist – they just require investment. Unfortunately, their industry profile is low: These are not...