The Multi-Billion-Dollar Question for Sustainable Fashion

BOF by Sarah Kent

How to best spend the large sums it will take to cut the fashion industry’s carbon emissions? The apparel impact institute is launching a pre-vetted portfolio of climate solutions in an effort to better direct investment.

By  SARAH KENT  31 January 2023
The fashion industry will need to spend billions to cut its emissions. Apparel Impact Institute is launching a registry to help determine where that money should go.

“The fashion industry needs to cut its carbon emissions in half by the end of this decade … Getting there means overcoming a multi-billion-dollar funding gap…”

With an objective to create a device, tool and process to measure the impact of climate solutions and prioritize the best possible programming to invest the funds of our Fashion Climate Fund, Aii has opened the first call for submissions for our Climate Solutions Portfolio. Learn more here.

KEY INSIGHTS

• The fashion industry needs to halve its emissions by 2030 to meet global climate goals. It’s going to cost billions of dollars.
• The challenge isn’t just raising funds; bad or nonexistent data is hampering efforts to spend it effectively.
• Apparel Impact Institute is aiming to put together a vetted portfolio of climate solutions to help address this problem.