The Pulse of the Fashion Industry report projects that apparel consumption will rise by 63%, to 102 million tons by 2030, highlighting the urgent need for the fashion industry to address its environmental and social footprints as it continues to push even further beyond the limits of infinite resources on our planet.
Published by The Global Fashion Agenda in collaboration with The Boston Consulting Group, and launched this month at the Copenhagen Fashion Summit, the report draws on the Sustainable Apparel Coalition’s Higg Index and is based on research from industry experts. The analysis provides measurement of the current health of the industry – its "Pulse Score". The overall pulse of the industry is very weak – scoring a mere 32 out of 100 – but the report has good news through proofs-of-concept that show that sustainability initiatives can present a viable financial model for individual businesses already today. In fact it reports that there is an unrealised potential €160 billion per year opportunity for the global economy.
Read the full report here to find out more.
A graphic from the report shows average Pulse Scores by Impact Area and Performance Quartile