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  • Writer's pictureAlpcan E. Gencer

Responsible Production and Consumption – Financing Sustainable Fashion

The fashion industry is a US$2.4 trillion-dollar industry that employs approximately 60 million people worldwide. However, an ever faster growing global production and consumption value chain has led to multiple significant ESG issues, from labor controversies, to waste production, water stress and carbon emissions. At one end is the issue around sourcing: a seemingly endless supply of cotton, and synthetic and other materials is needed to fuel the industry. But such a tremendous amount of waste can be re-used with new textile recycling techniques being developed. Still, these techniques are not available for all materials yet. This is a huge opportunity, which will need funding. Another issue is clothing use. "Fast Fashion" has driven us to purchase more clothing, use it less, and dispose of it more. The average American throws away around 80 pounds per year, according to the EPA and in the UK every household spends an average of £1263.60 per year on clothing. Throwing away clothing isn’t sustainable for our wallets, nor for our world. In the UK alone, as of 2014, 350,000 tons of clothing is sent to a landfill every year. It adds around 10% of global greenhouse gas emissions. To keep ourselves clothed in a sustainable way, the supply chain of this industry must be re-shaped. This webinar will bring together the leading minds from the corporate and investment world to discuss how to get people involved in expanding their clothes' life cycle, how companies can source their materials in sustainable ways, and the role investors should play in mandating for better practices in the industry. Panelists: Martina Macpherson, President, NSFM Kate Larsen, Supply Exchange Edward Bryan, Alliance Bernstein Martin Buttle, Ethical Trading Initiative Hendrick Alpen, H&M

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