It ain't fashion, if it ain't sustainable

Lewis Perkins

Climate Action / India Decarbonisation

14 November 2024

8 minutes

Significant investment in renewable energy and energy efficiency interventions are required to reduce the absolute emissions of the fashion industry by 50% by 2030, the target set forth by the Fashion Industry Charter for Climate Change, which is operated under the United Nations Climate Change Secretariat. The fourth largest exporter and one of the biggest consumers of textiles and apparel, India has immense potential to lead decarbonisation interventions in the sector.

All Indian Players Regardless of Size, Scale Should Take Part in Decarbonisation Journey

A just-published Apparel Impact Institute (AII) report named India as a crucial region for impactful decarbonisation interventions and outlined solutions for mobilising sustainable financing, stating that with the right monies, manufacturing can play a key role in meeting the country’s climate targets, especially the emissions-intensity target of 45% below 2005 levels by 2030. texfash talks to AII President Lewis Perkins to learn how India’s apparel manufacturers are pursuing decarbonisation and how it can be financed at scale.

Richa Bansal

Interview

Climate Action / India Emissions

5 November 2024

3 minutes

The AII report identifies at least $1.3 billion in readily available financing from credit lines and revolving funding schemes and estimates an additional $1.2 billion already being developed by international financing institutions, governments, and NGOs.

$2.5 billion Available for India's Apparel Decarbonisation, Another $4 billion Still Needed

The Apparel Impact Institute (AII) has published a report on the Indian textiles and apparel industry, contending that the country is succeeding in sourcing green finance with over $2.5 billion already available to decarbonise the industry in India, but a big financial gap still exists.

Staff Writer

Climate Action / FCF

12 December 2023

3 minutes

An estimated $1 trillion is required to finance the decarbonisation of the fashion industry by 2050, and bringing together a diverse range of actors from across the value chain is critical to enabling solutions.

HSBC Joins Fashion Climate Fund as New Funder; AII Announces New Financial Tools

The $250 million Fashion Climate Fund (FCF) has received a new shot of $4 million from HSBC to drive forward FCF’s mission of driving industry-wide convergence to modernise apparel and footwear supply chains to meet the industry’s ambition to halve carbon emissions by 2030.

Staff Writer

Climate Crisis / Target 2030

5 June 2023

4 minutes

Assuming business-as-usual growth for the apparel sector, emissions are projected to be 1.266 Gt in 2030. To stay within a 1.5°C trajectory (45% reduction by 2030), the sector would need to reduce emissions from 0.889 Gt in 2019 to 0.489 Gt by 2030.

New Report Says Fashion Accounts for 1.8% of Global Emissions; Sector Needs to Cut it Down by 45% in Next 7 Years

A new report says that the global textiles & fashion industry will need to take drastic action to stay within the 1.5°C trajectory. It will need to cut down emissions by 45% in the next seven years.

Special Correspondent

Climate Action / Solutions Portfolio

1 February 2023

2 minutes

A protester holding a sign with the message "Wake up humans, you're endangered too" at a demonstration against climate change and destruction of nature.

Apparel Impact Institute Opens Call for Applications for Solutions Portfolio to Deploy Grants from $250M Fashion Climate Fund

Apparel Impact Institute (AII) has opened its first call for applications for the Climate Solutions Portfolio, a soon-to-launch registry of proven carbon reduction solutions for the fashion industry.

Staff Writer

Climate Action / PVH Foundation

23 September 2022

2 minutes

As part of Climate Week NYC 2022, PVH’s Corporate Responsibility team will discuss the Fund and the foundation's progress in driving climate action at the Nest Summit Campus. The official event partner of Climate Week, the summit’s mission is to convene leaders to share sustainability best practices and highlight actionable solutions.

PVH Foundation Joins Apparel Impact Institute Fashion Climate Fund

The PVH Foundation is joining the $250 million Fashion Climate Fund as a lead funder with a $10 million contribution. This advances the Fund’s aim to drive industry-wide convergence to modernise the fashion industry supply chain and meet the industry’s ambition to halve carbon emissions by 2030.