The natural and social capital accounting in the apparel sector white paper evaluates both the current state of natural and social capital accounting and valuation in the apparel industry, and explores its potential to accelerate the transition to a sustainable apparel industry.
The ideas presented in this document are intended to help advance the discussion regarding value in the apparel industry, frame the challenges and opportunities, and inspire collaborative action.
The paper has been developed using a wide range of literature, and based upon industry stakeholders’ opinions and experiences. The Sustainable Fashion Academy would like to thank the many apparel companies, government representatives, NGOs and other stakeholders who have inputted into the research either through structured interviews, or through the consultation period of the paper.
In particular, the SFA thanks The Prince’s Charities International Sustainability Unit for funding this exciting and important research.
Given the scale, complexity and urgency of the challenges sustainable fashion faces, much more needs to be done. The demands on the industry for constant economic growth can be at odds with environmental and social sustainability. We need new approaches that will reconcile the demands of the market and the requirements of the planet and people. We need individuals and organizations that are willing to openly question established conventions and pioneer new practices. We need leaders who can help us envision new pathways that can guide us during this great transition.
The Sustainable Fashion Academy commissioned this study in order to assess both the current state of natural and social capital accounting in the apparel industry, and to explore its potential. It is their hope the ideas presented in this document will help advance the discussion regarding value in the apparel industry, frame the challenges and opportunities, and inspire collaborative action.
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