Climate & The 1 Trillion Dollar Question
Now that climate action has rapidly moved to the top of the apparel industry’s agenda, it is crucial that the industry moves from intention to action - and fast. The latest analysis indicates what we need to do, but the 1 trillion dollar question is how much capital will be required to do it. Enter the Apparel Impact Institute (AII) and Fashion for Good (FFG), who have now weighed in regarding how much financial outlay is needed. You’ve probably already guessed it: they arrived at 1 trillion US Dollars needed over the next 30 years. During this interview, Michael speaks with Ryan Gaines, Finance Director at AII, and Rogier van Mazijk, Investment Director at FFG who co-authored this new report, “Unlocking the Trillion Dollar Opportunity”. We quickly get into the weeds and discuss what needs investment, how much, and who needs to do it. We talk about the roadblocks, and we even hear how finance people view legislation and industry growth. So if you are committed to helping the apparel and textiles industry meet its climate targets, and want to know if and how we are going to get there, then this podcast for you.