Materials lie at the heart of the fashion industry. They account for 91% of the industry’s total emissions through their extraction, processing, and production, and around 30% of cost of goods sold (COGS). Next-generation materials present the opportunity to transform the industry’s environmental impact. However, many brands lack guidance and are unprepared for a material transition and how to drive adoption to unlock the benefits of these new materials. In this new report created by Boston Consulting Group and Fashion for Good, based on industry best practices and the successes of early movers, we provide brands with a structured framework to act on key levers and a pathway to address key challenges while driving measurable results.
This report explores the opportunities available for investors in the textile and apparel innovation ecosystem. The fashion industry, valued at $1.7 trillion, presents significant environmental and social challenges, necessitating investment in innovative solutions to improve sustainability and efficiency.
This report explores the opportunities available for investors in the textile and apparel innovation ecosystem. The fashion industry, valued at $1.7 trillion, presents significant environmental and social challenges, necessitating investment in innovative solutions to improve sustainability and efficiency.
The Price Parity Toolkit (PPT), developed by Fashion for Good with the support of Canopy, is a framework designed to close the price gap between next-gen and conventional materials and drive their adoption.
The fashion industry is at a critical juncture. With sustainability commitments and innovation accelerating, the challenge remains in scaling breakthrough solutions. This report, developed by Fashion for Good in collaboration with Boston Consulting Group, delves into the financial mechanisms needed to drive transformation and bring innovative solutions to commercial scale. By addressing key investment barriers and highlighting actionable pathways, this report serves as a call to action for stakeholders across the value chain to collaborate and unlock capital for meaningful impact.
The fashion industry is at a critical juncture. With sustainability commitments and innovation accelerating, the challenge remains in scaling breakthrough solutions. This report, developed by Fashion for Good in collaboration with Boston Consulting Group, delves into the financial mechanisms needed to drive transformation and bring innovative solutions to commercial scale. By addressing key investment barriers and highlighting actionable pathways, this report serves as a call to action for stakeholders across the value chain to collaborate and unlock capital for meaningful impact.
The Price Parity Toolkit (PPT) was designed to help bridge the price gap between next-gen* and conventional materials. This industry-supported framework, with catalytic funding from Laudes Foundation and developed by Fashion for Good with support from Canopy, Finance Earth and select brands and fibre producers, introduces a financing mechanism. This mechanism aims to decouple price premiums early in the supply chain, thereby enabling the adoption and scaling of lower-impact materials.
The fashion industry stands at a crucial juncture, with innovation paving the way for a more sustainable future. Over the past decade, we have witnessed significant strides in brand commitments, regulatory frameworks, and technological advancements. However, despite these positive trends, scaling these innovations remains a formidable challenge. “The Great Unlock” explores the essential role of project finance as a key enabler in bridging the commercialisation gap, ensuring that groundbreaking solutions can transition from concept to industry-wide implementation.
