Agenda-setting intelligence, analysis and advice for the global fashion community.

Who Will Finance a More Sustainable Fashion Industry?

H&M, Gap, Mango and Bestseller are leading an effort to provide manufacturers with cheaper loans for decarbonisation projects. It’s an innovative bid to address fashion’s big climate financing gap, but it still has holes.

A hand reaches out to pluck a spool of yarn from a wall of several are hanging on. — How the fashion industry's decarbonisation efforts should be funded and who should pay is an open question the newly formed Future Supplier Initiative is aiming to help solve. ( Ahmed Salahuddin/NurPhoto via Getty Image)

Sarah Kent

21 June 2024

BoF PROFESSIONAL

This month, temperatures from Delhi to Athens to New York hit deadly highs: the latest grim reminder that the world is galloping towards climate catastrophe. Meanwhile, fashion’s efforts to curb its environmental impact, a major contributor to global emissions, are moving at a

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Where Is the Money to Make Fashion More Sustainable?

Decarbonising the industry is expected to take $1 trillion over the coming decades. Where that money will come from and how it’s distributed remain open questions.

The Multi-Billion-Dollar Question for Sustainable Fashion

How to best spend the large sums it will take to cut the fashion industry’s carbon emissions? The Apparel Impact Institute is launching a pre-vetted portfolio of climate solutions in an effort to better direct investment.

What Will It Take to Tackle Fashion’s Climate Financing Gap?

Meeting the industry’s emissions targets will require more collective action and new financing models, according to a new report by leading manufacturers.

About the author

Sarah Kent

Sarah Kent is Chief Sustainability Correspondent at The Business of Fashion. She is based in London and drives BoF's coverage of critical environmental and labour issues.

In This Article

Topics

Sustainability:Climate Change

Organisations

Exclusive: Shein Wants Brands to Use Its Supply Chain. Should They?

The fast-fashion giant is offering to let smaller labels plug directly into its famed on-demand manufacturing and global logistics network. But is the boost in speed worth the risk of putting operations in a competitor’s hands?

Can Fashion Stop Wasting So Much Water?

Fresh solutions to water scarcity in the supply chain, sourcing shifts and regulatory recalibration are reshaping fashion’s sustainability playbook.

Fashion Searches For a New Climate Solution

Coach-owner Tapestry’s new carbon-removal partnership and brands making fresh commitments to textile-to-textile recycling startups show an industry searching for ways to address its environmental impact.

Textile Recycler Circ Names New Brand Partners as It Grows Commercial Reach

A new group of brand partners, including Reformation and C&A, is joining the poly-cotton recycler’s long-term commercialisation program only weeks after its debut, signalling growing demand as the company gears up for industrial-scale production in Europe.

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Who Will Finance a More Sustainable Fashion Industry?

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Where Is the Money to Make Fashion More Sustainable?

The Multi-Billion-Dollar Question for Sustainable Fashion

What Will It Take to Tackle Fashion’s Climate Financing Gap?

Exclusive: Shein Wants Brands to Use Its Supply Chain. Should They?

Can Fashion Stop Wasting So Much Water?

Fashion Searches For a New Climate Solution

Textile Recycler Circ Names New Brand Partners as It Grows Commercial Reach

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