Home / Knowledge / News / Apparel/Garments / 75% fashion companies improve environmental performance
75% fashion companies improve environmental performance
21
May '18
Courtesy: Global Fashion Agenda
Courtesy: Global Fashion Agenda
75 per cent of the fashion companies have improved their environmental and social performance over the last year and the business case has proven to be nothing but positive, says a recent report. The industry's various segments, however, are moving at highly different speeds. Nearly all progress came from companies in the mid-price segment.

Global Fashion Agenda (GFA) and The Boston Consulting Group (BCG) have released the 2018 edition of the Pulse of the Fashion Industry report, an annual in-depth assessment of the fashion industry's environmental and social performance. Drawing on the Sustainable Apparel Coalition's Higg Index, a survey of 90 senior managers and over 50 interviews, the Pulse of the Fashion Industry report each year reveals the industry's current Pulse score, a performance measure of the sector by type of company, size, region and stage in the value chain.

The Pulse Score combines the Higg Index, with input from industry executives to extrapolate its findings to the entire industry. Fashion’s overall score is 32 out of 100, indicating the large opportunity for improvement, according to the report.

To put fashion on a path to long-term prosperity financially, socially and environmentally, the report has stressed the urgency of collective effort to go beyond what is available and possible today. To achieve lasting impact at scale, the industry needs systemic change through leadership, innovation and collaboration. A number of promising, disruptive innovations are emerging to move the industry - but success will depend on a strong ecosystem rooted in the efforts of regulators, consumers, nongovernmental organisations, and other stakeholders, the report added.

"I'm excited that sustainability finally has been taken out of the lab and into the boardroom. To find out that the topic influences decision-making at a strategic level leaves me with optimism," Morten Lehmann, chief sustainability officer at GFA, said.

"Sustainability can actually increase profitability for fashion companies," said Sebastian Boger, a partner at BCG.

This year's report aims to give guidance to companies looking to start or find further advances toward more responsible ways of doing business. For the first time, the report includes a Pulse Curve, enabling companies to measure their performance against other industry players, and a roadmap to scale, an inspiring guide for the industry built on proven best practices with industry players that offers concrete actions for businesses to immediately embark on their sustainability journey. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

UK Govt, fashion retailers sign agreement to fight slavery

Fashion | On 17th Nov 2018

UK Govt, fashion retailers sign agreement to fight slavery

John Lewis, M&S, New Look, NEXT, River Island and Shop Direct...

CNTAC delegation from China visits Pakistan

Textiles | On 17th Nov 2018

CNTAC delegation from China visits Pakistan

Chinese investors have expressed a desire to enter into joint...

Odisha to set up three textile parks

Textiles | On 17th Nov 2018

Odisha to set up three textile parks

Around 17 firms have expressed interest to invest to the tune of ₹589 ...

Interviews View All

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search