One of the key findings of the report was this: "Despite the urgency for change, stakeholders are not aligned on critical goals or the actions to achieve them." What are you doing as a stakeholder to align your own work with that of others? What are the challenges therein?
Martin Su: As a stakeholder, we initiate continuous discussions, dialogues, and status check-ins with other stakeholders to better understand their diverse priorities and needs in the fashion value chain. The weighting of our priorities might differ, which can lead to different levels of engagement and action-taken on the shared interests. We also work with various third party platform organisations who are creating these needed “safe spaces” for open and honest dialogues to foster trust, respect, and understanding among us stakeholders, which can lead to more inclusive and creative system-validated solutions.
Anett Soti: We also actively participate in collaborative initiatives in the APAC region that involve various actors in the value chain, ensuring that the costs and benefits of transitioning to circularity are more equitably distributed. We don’t just engage with peer producers but with sustainability assessment policymakers, funds and financial institutions through active participation in public participations through a new group of progressive fashion producers, called the Fashion Producer Collective.
Martin Su: Our challenges in aligning work with others are multi-fold. First, misalignment on key priorities because different stakeholders may have varying understandings and priorities regarding circularity, such as whether it sufficiently includes social aspects and inclusivity. Second, the uneven distribution of costs and risks, because the costs and risks associated with transitioning to a low-impact sector are often unevenly distributed across the value chain, leading to resistance and hindering progress. Third, the lack of inclusive dialogue, because policymakers and financiers may not adequately engage with all value chain actors, particularly those at lower tiers, resulting in ineffective policies and financial mechanisms. And last, breaking down sensitivities because those legal and commercial sensitivities can hinder open discussions and the sharing of information necessary for scaling impactful interventions and avoiding repeated failures.