The fashion industry is increasing its efforts to tackle environmental, social and governance (ESG) issues. Leaders are supporting the scaling of new solutions in product development, sourcing, logistics and fulfillment, leveraging advances in data technology for ESG reporting, traceability, supplier engagement, and more. Coalitions are forming across the sector to promote progress towards a more sustainable fashion industry.
As social and environmental issues threaten to compromise fashion’s current operating models, urgent actions are needed to deliver profitability and sustainability in tandem.
Our 2023 Scaling ESG Solutions in Fashion playbook identifies 12 key action areas for transformation across the industry, considering the innovation, technology, finance and policy needed to make meaningful change from 2023 onwards.
ESG practices not only support reversing the climate crisis, but also drive revenue growth, supply chain resilience, product innovation, brand differentiation, and exceptional customer experience – putting people and purpose at the center.