“Apparel Impact Institute released its annual impact report Monday detailing the progress made on its programs.
Under the Fashion Climate Fund, Aii looks to mobilize $250 million in catalytic funding alongside partners such as H&M Group, H&M Foundation, Lululemon, PVH Foundation, Target Corp. and the Schmidt Family Foundation, in the next seven years, to help fashion halve its emissions by 2030.
In 2022 alone, Aii partners invested more than $8 million in factories through Aii programs. Aii also grew capacity year-over-year to 380 facilities (up from 295), 29 brand participants (up from 27) and one manufacturer — amounting to more than $4 million in savings by greener supply chain methods, according to the group.”
“The report shows that Aii programmes have already made a significant impact, saving 56,346 tonnes of GHG emissions in 2022, equivalent to 12,127 cars off the road, 714 Olympic-sized swimming pools of water savings, and 3,504 washing machines’ worth of energy savings.”
“In this industry, the vast majority of the negative impacts occur during the actual making of our clothes – from farms to factories, across a vast network of interwoven global supply chains shared by many brands,” Perkins shares. “No one company can make the changes that we need alone. The only way to accomplish improvements is for the industry to pool resources and collaborate, implementing a suite of agreed-upon solutions. It takes a central actor to guide this work; this is the role we seek to fill at Aii.”