IDH is partnering with Fashion for Good by scoping a fund that catalyzes access to finance where this is required to shift at scale to more sustainable production methods.
Fashion for Goodaims to promote the five essential “Goods” of a new, transformed fashion industry: Good Materials, Good Economy, Good Energy, Good Water, and Good Lives. In pursuit of this goal, Fashion for Good enables the fashion industry to embrace innovation, change its business models and adopt a totally new mindset.
Ted van der Put of IDH, the Sustainable Trade Initiative said: “We need to join forces to have an impact at scale. By working as a sector initiative with a wide representation of the apparel sector and aligning with existing initiatives we can truly invest in implementing innovative technologies and practices at scale.”
Leslie Johnston of C&A Foundation said: “Open and inclusive, Fashion for Good will share all knowledge and lessons learned from its activities. In doing so, we want to inspire all stakeholders in the fashion industry to work toward a future in which everyone – farmers, workers, customers, and communities – can flourish.”
Fashion for Good is aiming to change the apparel industry through innovation and new business models. It finds and funds early-stage ideas, and scales proven technologies and business models to be adopted by the industry.
With an initial grant from founding partner C&A Foundation, Fashion for Good hopes to inspire brands, producers, retailers, suppliers, non-profit organisations, innovators and funders all working towards a Good Fashion industry and invites industry to join and collaborate.
Read the full press release of Fashion for Goodhere.