Read our new report: Unlocking Equity in Innovation: Balancing the Scales in Supply chain Partnerships
2024
From Catwalk to Carbon Neutral
Mobilising Funding for a Net Zero Fashion Industry
Despite over 400 companies committing to science-based targets, the funding for decarbonizing the apparel sector's production - where over 80% of emissions originate - largely falls on manufacturers. This creates a significant gap in collective action and equitable financing.
Commissioned by Artistic Milliners, Epic Group, MAS Holdings, NITEX, TAL Apparel, Pactics Group, Simple Approach, and supported by GIZ, FABRIC Asia Project and Transformers Foundation, the report reveals the urgent need for a transformative approach to funding decarbonization in the apparel sector, exploring funding needs and constraints, current funding options, as well as proposed solutions for innovative financing models. This report has been endorsed by the International Apparel Federation and Fashion Producer Collective.
THE AIM OF THIS REPORT IS TO ANSWER:
1. What types of funding needs do manufacturers have for decarbonisation and what constraints do they face?
2. What options do manufacturers seeking to fund decarbonisation currently have? Which gaps do they or don't they fill?
3. What are innovative financing models the sector should consider to equitably and effectively address these gaps?
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The catalyst for co-commissioning this paper is our shared conviction that if we fail to devise new ways of funding decarbonisation, we will also fail to realise our climate goals. We wanted to inspire more expansive, creative and imaginative thinking about how the sector might go about collectively funding decarbonisation in such a way that goes beyond business-as-usual, and primarily debt-based, solutions.
