Fashion CEO Agenda 2021
This report shines light on social and environmental implications and intersections. It puts forward a vision statement for the fashion industry, striving for, ‘a thriving industry that creates prosperity for people and communities by working within planetary boundaries, reversing its impact on climate change and protecting biodiversity.’
Our mission at Global Fashion Agenda is to mobilise and guide the fashion industry to take bold and urgent action on sustainability. The past year challenged global structures, especially regarding necessary rapid environmental progress and the lack of secure social protection schemes: COVID-19 hit the industry unprecedently, demanding real-time actions and long-term sight. Industry players had to shift focus on job recreation and the fair distribution of risks and profits along the value chain. In addition, long-standing systemic racism and the Black Lives Matter movement called for racial equity and dignity for marginalised and black communities.If we fail to take coordinated action on the greenhouse gas emissions causing climate change, we can expect to see increasingly common crises such as heatwaves or rising sea levels damage complex ecosystems that are vital to our future.
These systemic issues are apparent in the reality of climate change, exemplifying an intersectional environ-mental crisis that is set to produce socioeconomic impacts over the coming years, foremost affecting marginalised communities and people of colour. Fashion leaders are urged to focus their efforts on diversity, equity and inclusivity along the value chain to positively contribute to a just society and communities globally.When picturing a post-pandemic fashion industry, it is not built from scratch but inspired by existing tools and technologies that will move from ideation to reality and from pilots to wide-scale adoption.
Some shifts such as production to demand, increased product lifetime values, a less season-dependent design and product flow, textile-to-textile recycling or resale will be accelerated, while long-known best practices such as collaborative partnerships between all stakeholders in the value chain may become building blocks of business operations. Placing value-driven practices at the core of business will enhance capabilities for change management, allowing headway in the transformation of potential financial, social and environmental risks into untapped business opportunities and points of engagement with suppliers, customers and the investment community.Fashion’s leaders have to seize the opportunity to re-evaluate the lexicon of fashion. By rethinking and rebuilding, we maybe able to devise a new approach to fashion that is progressive, purposeful and people-centred, one that restores andrecovers from perturbation, creates meaningful, new jobs and ultimately increases resilience to mitigate the impact of crises in the future.Together, we must work towards a thriving industry that creates prosperity for all people and communities by working within planetary boundaries, reversing its impact on climate change and protecting biodiversity. With theFashionCEO Agenda, we call on fashion brands and retailers as well as industry players to pave the way to a just and resilient future
GFA provides in-depth analysis, masterclasses and reports based on the latest industry data. GFA specialises in communicating complex sustainability content in a compelling and actionable manner and is responsible for leading industry publications such as Fashion CEO Agenda, Fashion on Climate and Scaling Circularity