The Good Fashion Fund (GFF) was launched in 2018 to demonstrate that an impact fund that supports textile suppliers in their sustainability journey, especially midsize manufacturers operating in tiers 1-3, can result in substantial climate and environmental improvements, positive social impacts and financial returns for investors. We invited those managing this fund, Bob Assenberg and Jayanth Kashyap, to explain why they believe the GFF model is now proven and, with refinements, can be scaled. This conversation explores the lessons learned to date from their specific partnerships in India and Bangladesh, including how best to combine both environmental and social impact, how close relationships and technical support are crucial for success, and the need for equal partnerships. Bob and Jayanth also explain their vision and timeline for the next fund. Bob and Jayanth argue that there are so many mid-sized suppliers that need support and they hope this fund’s model can inspire and be replicated by other investors.
What we’re trying to do is direct capital into the actual sites of transformation — and those are the factories.
We’ve demonstrated that investments in sustainability can deliver over 50% reductions in water use, energy, or chemicals — and still be financially viable.
