Fashion Decarbonization Faces Investment Hurdles, Says Innovatus
1 report, 1 independent
Updated Oct 6
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What happened
At the Sourcing Journal Fall Summit in New York, Naurin Muzaffar, founder of Innovatus, and Vidhura Ralapanawe of Epic Group discussed the challenges of fashion decarbonization. Muzaffar noted that factories receive mandates but often lack the means to finance and implement them. She stated that three conditions must be met for investment: a return on investment, access to capital, and business commitment.
From wwd.com
Why it matters
The discussion highlighted that manufacturers must be involved in designing climate requirements before decisions are made. Without all three conditions—return on investment, capital access, and business commitment—investment and progress in decarbonization will not take place.
From wwd.com