August 10, 2020

CSRWire.com The Corporate Social Responsibility Newswire

news by category

Creating Sustainable Apparel Value Chains

Impact-economy-series-cover

The global textile and garment industry is at a crossroads. A three trillion dollar industry that encompasses the manufacturing and selling of textiles and garments, apparel has long been considered a source of economic progress around the world and has historically served as a catalyst for national development and industrialization. The inverse of this growth and the accelerating production of fashion has been a broadening and deepening track record of poor working conditions and heavy pollution. The collapse of the Rana Plaza factory in April 2013 in the Bangladeshi capital Dhaka jolted to life widespread and increasingly prolonged scrutiny of the industry, and has brought to the forefront longstanding questions over how to bridge the gap between economic viability and social and environmental performance.

To sort through the minefield of perspectives, expectations, and challenges that have only grown more complicated in recent months, Impact Economy—a global impact investment and strategy firm—has released a new report titled Creating Sustainable Apparel Value Chains, authored by Dr. Maximilian Martin, the founder and global managing director of Impact Economy. This report provides an evidence-based assessment of the prospect of sustainable value chains in the textile and garment industry.

In this exclusive series for CSRwire, Dr. Maximilian Martin and William Burckart—the managing director of Impact Economy (North America) and a contributing author to the forthcoming New Frontiers of Philanthropy (ed. by Lester M. Salamon, Oxford University Press)—summarize the key findings of the report, digging deeper into the implications and recommendations for transforming value chains in the apparel industry (and beyond).

We highlight, most notably, how achieving total resource productivity and transparency, upgrading industry infrastructure by (impact) investing, improving working conditions with a new level of ambition, and replicating best practices of leading players can unlock a new level of viability and sustainability.

Series Breakdown:

  • Part I: Transforming the Industry. We need a new model for creating sustainable value chains if we are going to transform the apparel industry. Impact Economy's Dr. Maximilian Martin and William Burckart introduce a new series on Talkback.
  • Part II: Fostering Total Resource Productivity and (Impact) Investing. Part II of a new series on creating sustainable apparel value chains introduces the need to foster total resource productivity and increase transparency across the entire supply chain, as well as upgrade industry infrastructure by (impact) investing.
  • Part III: Improving Working Conditions and Replicating Best Practices of Leading Players. Part III of this series on creating sustainable apparel value chains examines how improving working conditions with a new level of ambition and replicating best practices of leading players can enable a leap forward in sustainability.
  • Part IV: Looking Beyond Apparel. Part four of this Talkback series on creating sustainable apparel value chains explores the implications of the framework in other industries (beyond apparel).

Recent Posts

Search The Blog

Twitter

 

Issuers of news releases and not csrwire are solely responsible for the accuracy of the content