A new fashion impact tool kit, which was presented by the Global Fashion Agenda (GFA) and Deloitte at the Global Fashion Summit in June, would like to provide an overview of the effects of the industry to support the evaluation of strategies for coping with. But how can it be used? And what are some of the most important results of the impact analysis?
A recently published accompanying report provides orientation aids and insights into how this findings can be implemented in strategies for a sustainable effect.
It also describes the background, purpose and framework of the Fashion Impact toolkit and thus serves as the first step to deal with it. Finally, it should help companies to determine their potential effects, to make more informed decisions, to become more resistant, to strengthen the trust of stakeholders: to strengthen their business in their business and to maintain their competitiveness in a rapidly developing market.
New fashion impact toolkit: a valuable resource
“We hope that the Fashion Impact Toolkit will be a valuable resource for the textile industry, since they are faced with increasing regulatory and stakeholders: Inner pressure. By identifying and reacting the most important sustainability effects along the value chain, they can promote greater resistance, trust and long-term transformation. Working together to support this urgently needed change, ”commented GFA CEO Federica Marchionni in a press release.
The report is divided into five chapters and begins with the presentation of the context and the reasons why companies should identify sustainability effects. Chapter two deals with how and why an impact analysis should be created. Chapter Drei explains how the value chain of the textile sector was shown: in 20 main activities and 101 sub -activities, which were limited to the 88 most relevant sub -activities.
Chapter four outlines almost 3,000 effects in all phases of the value chain, such as material production, clothing production, product sales and use, end-of-life management and material recycling. It emphasizes the most important hotspots and pressure points that were identified by researching the creation of the fashion impact tool kit.
Chapter five lists six key questions to convert effects into implementable strategies.
“The Fashion Impact Toolkit, an early result of the collaboration of Deloitte with Global Fashion Agenda, is intended to help executives from textile companies to better understand their footprint along the value chain and make their strategies more resistant. Dall’acqua, partner Strategy Sustainability Leader, Deloitte Global Circular Economy Hub.
The full report can be downloaded from the Global Fashion Agenda website.
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