The “pace of change is insufficient” and the fashion industry urgently needs to implement radical systemic changes as fast as possible, even as accountability and just transition continued to be the leitmotifs—the same as last year, at the Global Fashion Summit 2024.
As the fashion industry continues to evolve, the insights and innovations presented at the summit served as a powerful reminder that sustainable transformation is possible, but it requires collective effort, transparency, and a willingness to embrace new paradigms.
A decade and a half since the first edition of the summit organised by Global Fashion Agenda (GFA), the theme this year was ‘Unlocking the Next Level’, but although the opening ceremony and subsequent sessions were filled with inspiration and thought-provoking discussions, highlighting the industry's progress and the challenges that remain, the persistence of topics like accountability and just transition, which were focal points in 2023, indicate that progress has been slow.
Despite ongoing changes, the pace is insufficient, emphasised Federica Marchionni, CEO of Global Fashion Agenda, adding “This year's summit is about unlocking the next level and operationalising sustainability. Align resources with KPIs and sustainable practices. Small companies, being agile and nimble, can adapt faster.
“After 15 years of activating impact and putting sustainability on the agenda, we now need to reach net positive. We engaged everyone, from royals to people, highlighting circularity and renewable energy. Redefining growth and engaging consumers in the circular economy is crucial as companies respond to consumer habits.
"Growing inclusively allows us to involve more manufacturers, especially since most greenhouse gas emissions occur where products are manufactured. This global approach is crucial because our materials often originate, manufactured, sold, resold, and wasted in different countries.”
Fashion operates at a rate four times beyond the planet's sustainable limits, according to Collective Fashion Justice (CFJ). This includes the extensive use of primary raw materials and significant greenhouse gas emissions. With climate-related disasters on the rise, the fashion industry must implement radical systemic changes and as fast as possible.
“When we talk about garment workers, farmers, tannery workers, we need those people to be in the conversation—not just spoken about in abstract,” said the CFJ Founding Director Emma Hakansson.
Speaking on why change is slow, Peder Michael Anker-Jorgensen, global sustainability executive and also on the GFA board, put it down to a lack of financial commitment towards sustainable solutions from brands. “About 1.5–2% of operating income is going into research and development. Despite paying lip service to sustainability, the money’s not where the talk is.”
The fashion industry’s investments pale in comparison to those by other industries, rued Christine Goulay, the founder of consultancy Sustainabelle.
Some key takeaways.