HOT OFF THE PRESS: Pioneering analysis estimates 300 billion USD is needed by 2030... | Sustainable Fashion Academy

Big Closets Small Planet with Michael Schragger

HOT OFF THE PRESS: Pioneering analysis estimates 300 billion USD is needed by 2030...

…to develop and mainstream the sustainable apparel innovations required to meet key sustainability goals for the apparel industry. Listeners of this podcast series are familiar with our on-going focus on the crucial role finance and investment plays in enabling industry transformation. For the past two years SFA and Fashion for Good have been convening stakeholders to analyse this topic while calling for an analysis estimating how much financial investment is needed. Now we have it!

March 25th, 2020 54 minutes 57 seconds
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About this episode

…to develop and mainstream the sustainable apparel innovations required to meet key sustainability goals for the apparel industry. Listeners of this podcast series are familiar with our on-going focus on the crucial role finance and investment plays in enabling industry transformation. For the past two years SFA and Fashion for Good have been convening stakeholders to analyse this topic while calling for an analysis estimating how much financial investment is needed. Now we have it! A new report “Financing the Transformation in the Fashion industry” makes a strong case for what financial investment is needed. Michael spoke with two of the report’s authors, Katrin Ley from Fashion for Good and Catharina Martinez-Pardo from BCG. Katrin and Catharina explain how they estimated the amount of finance required, what six barriers currently prevent access to this capital, and what six solutions should be implemented to overcome these barriers. If you truly want to understand how the innovation and finance space should work, this is the interview for you. It also reminds us that actors who are serious about transforming the industry need to be honest about what it will take, and will need to act to implement these solutions now.

 

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About the host

Michael Schragger has been working at the intersection between sustainability, business, society and research for more than 25 years. He is an expert in analysing the impacts of environmental and social developments on business and society and mobilising stakeholders to achieve key sustainable development goals (SDGs). In 2009 Michael founded the Sustainable Fashion Academy (SFA) in order to dramatically improve environmental and human rights performance within the fashion and apparel industry. Michael participates as a senior advisor for a range of global sustainable apparel initiatives, ranging from finance to policy. He is a member of the steering group for The United Nation’s Climate Action in Fashion Charter. He also co-founded and directs The Swedish Textiles Initiative for Climate Action.

Michael currently lives in Stockholm, Sweden with his wife Erika and kids Oz and Blimah (who, unfortunately, refuse to listen to his podcasts…).