As a part of our broader work on Just Transition Finance, this project – delivered in partnership with Laudes Foundation and India Impact Investors Council – aims to unlock private capital at scale to build a greener, fairer and more resilient industry for people and the planet.
Employing more than 45 million people, India’s textile and apparel sector is the second largest driver of employment in the 1.5 billion person country.
Around the world, the fashion sector is responsible for around 10% of global CO2 emissions, as well as being a source of large-scale waste, pollution and water use. Compounding these environmental impacts, a range of social abuses sit within its complex supply chains, from poor working conditions, abuse, modern slavery and breaches of occupational health and safety.
Despite this, hundreds of millions of workers and suppliers derive livelihoods from fashion worldwide, particularly in the Global South.
We are working to:
- understand who the key actors are;
- raise awareness of impact investing’s role in delivering a just transition – deploying more private capital for social and environmental good;
- expand learning from our initial focus on India’s fashion sector, out to the wider role investor action can play in driving just industrial transitions;
- demonstrate to market stakeholders, in the UK and globally, that fashion is a vital sector in impact investment’s growth.
For more information or to get involved, contact programme lead Aisling McCaffrey.
