The fashion industry has a major opportunity to secure a prosperous future. The industry is facing a rapidly growing demand worldwide, and at the same time many companies are stepping up their work toward more environmentally and socially responsible practices. But this is not enough. To put fashion on a path to long-term prosperity financially, socially, and environmentally, much more must be done.
The Pulse of the Fashion Industry report is published by the Global Fashion Agenda, in collaboration with The Boston Consulting Group. The report follows the strong belief that the environmental, social and ethical challenges the industry faces today are not simply a threat, but instead an immense untapped value creation opportunity.
In the first edition from 2017, we made an in-depth assessment of the industry’s environmental and social performance and revealed where the industry stands.
THE PULSE OF THE INDUSTRY IS STILL WEAK
In the past year, the Pulse Score of the fashion industry improved from 32 to 38 (out of 100), confirming that sustainability is rising on the corporate agenda. Of the executives polled for the Pulse Survey, 52% reported that environmental and social targets acted as a guiding principle for nearly every strategic decision they made – an increase of 18 percentage points from last year. While encouraging, these results also speak to the need for still more movement toward increasingly responsible practices. This year’s progress came almost entirely from the mid-price segment. Their average Pulse Score increased by 10 points. Given this segment accounts for half of the industry by revenue, progress here is particularly encouraging.
The Pulse report covers in-depth research and reporting to how;
SUSTAINABILITY IS GOOD BUSINESS
GUIDANCE FOR A BETTER FASHION INDUSTRY
CREATING SYSTEMIC CHANGE THROUGH COLLABORATION
All text created by The Global Fashion Agenda team.
Download the Pulse Report 2018 from the Global Fashion Agenda's Website: