According to research, FINDS is a necessary solution to fashion’s overstock problem👇 By interviewing experts and industry leaders on the topic, a study published by authors from Lund University gives a holistic overview of why brands destroy overstock, and what the potential solutions are. The solutions proposed tackle both upstream and downstream factors, and are a mix of regulatory, market-based, and informative interventions. Examples include: ➡️ Mandatory reporting on overstock volumes. ➡️ Minimum product standards. ➡️ Reduced taxes on labor for circular activities and donations. ➡️ Education about sustainable consumption and the impact of returns. But, one intervention stood out to us. And... ➡️ “Investment in digital platform for re-allocating surplus within the economy.” Does the last one ring a bell? Well, that’s because it’s exactly what FINDS is doing. ♻️ Our 360° digital platform optimizes and automizes the re-allocation of overstock to circular actors like off-price retailers, recyclers, and charities. The study shows that a multitude of actors need to take numerous coordinated actions to make a change. FINDS is one of those key actors, creating a market-based solution to the problem. While legislation can force brands to change, they also need the tools to make those changes. ❗️Act now - Brands need to adapt to the upcoming EU law that will prohibit overstock destruction. Contact us today to learn more about how we help brands streamline their overstock responsibly.
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"This very promising, but it will take time," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "Retailers and brands have developed their supply-chain and manufacturing processes over decades, and convincing them to transition MMCF and deforestation-free leather will require convincing. Given the magnitude of the global impact of climate change that we are all experiencing, anything that can contribute to helping reduce waste and the impact on the environment should be undertaken." Check out more insights from one of the retail industry’s leading experts - https://buff.ly/3qRfPx2. More great comments on this topic by RetailWire's BrainTrust experts including: Keith Anderson, David Bruno, John Lietsch, Jeff Sward, Lucille DeHart, Gary Sankary, Gene Detroyer, Peter Charness, Ryan Mathews, Brandon Rael, Andrew Blatherwick, and James Tenser.
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I've spent enough time in the soil carbon world to know that it's rare to see soil carbon sequestration explained in a simple, accessible way. But that is what Materra's impact team has achieved with this e-book, hot off the press today. "Digging Deep: Soil Carbon Sequestration Explained" - get your free digital copy below!
Coming in hot, your guide to SOIL CARBON SEQUESTRATION! 🚀 Soil is all-important for life on earth. Turns out it’s pretty good at storing carbon too, but with T&Cs. But why is it so hard to understand how to capture and keep carbon buried deep in the soil for a very long time? Finding the answer may well be the key to reducing fashion’s carbon footprint in a significant way. Our impact team has done all the hard work for you. Comparing offsetting vs insetting, navigating the murky difference between protocols and looking at what actually makes a good sequestration project, our free, illustrated guide is intended to help fashion brands take more informed action in their supply chain. Get your free digital copy here, link in the comments. Questions or comments? Drop us an email at info@materra.tech 👋
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'Nature' is still a long way behind 'Climate'. Fashion/apparel has a huge GHG footprint, but also a massive impact on the health and biodiversity of natural ecosystems. The former gets a whole lot more attention than the latter. This materials report from Textile Exchange is a really useful window on where focus and resources are currently. Nature's still a long way behind. https://lnkd.in/gJDGnyq7 For me three things jump out: - 65% of the clothing companies have set targets for climate - but only 18% for nature. - 80% *still* don't have information on raw materials (i.e. only 20% know where their raw materials come from). - only 25% say they can track "unsold" goods. Taken together this is adds up to a challenge. Raw material chains are intrinsically extractive. If you don't know the impact of those chains on the landscapes (or even where your materials come from) - and you don't have a mechanism to monitor when you are overproducing and putting too much stress on the landscapes - then it's going to be very tough to do the right thing for nature. Natural landscapes are degrading because we are over extracting. We make too much stuff. Way too much stuff. In common with many categories apparel is overproducing. Volumes are unhinged from both planetary constraints and demand. It's become a production led industry. So there is a clear need for a redefinition of value, a value creation system that doesn't depend on unfettered resource extraction. The good news is that a landscape approach points clearly to what that system looks like - one that is fully in synch with nature. #goodgrowth #textileexchange #greywolf
textileexchange.org
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Planet Tracker's report "Lifting the Rug" unveils the textile industry's dire oversight of crucial water risks. Shockingly, 90% of sector documents ignore this issue, signaling a need for immediate investor action and corporate transparency. Progress is visible, with some brands stepping up, but much work lies ahead. Let's drive change by demanding clear water usage reporting. Thoughts on water sustainability in textiles? #WaterRisk #TextileIndustry #SustainableFashion #InvestorInfluence #CorporateResponsibility Join the conversation below. Original article: https://lnkd.in/egCCdQiW
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A sustainable supply chain ensures #sustainability at each step. From raw materials to the finished garment you can see the sustainable #footprints of our innovative approach for the betterment of society, the #economy, and the #environment Know More- https://lnkd.in/drYMT8ED
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The essential effort of stabilizing our climate requires many stakeholders to work outside their normal ways of doing business to build systems that benefit the environment. Apparel brands like Outerknown play a critical role in reimagining fiber systems by providing demand for fibers that are grown and processed in beneficial ways. Read more about Outerknown, a founding member of the California Cotton & Climate Coalition (C4), in this article on #BTheChange!
Celebrating Working Landscapes with Climate-Conscious Cotton
bthechange.com
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I'm excited to share the Season Impact Report for SS24 by IVY OAK, a comprehensive analysis of our commitment to sustainability and responsible fashion practices 👗 🌍 This report delves into the innovative strategies we've implemented to minimize our environmental footprint while maintaining the highest quality standards in our products. From using eco-friendly materials to improving our supply chain transparency, IVY OAK is dedicated to making a positive impact on the planet and the fashion industry. Key highlights from the report include: - Material Innovation: Exploring sustainable alternatives to traditional fabrics - Waste Reduction: Initiatives to reduce production waste and enhance recycling efforts - Supply Chain Transparency: Ensuring ethical practices from sourcing to final production - Carbon Footprint: Efforts to minimize our carbon emissions through energy-efficient practices I'm proud to have contributed to this impactful project, especially in light of the upcoming EU regulations on Green Claims. These regulations aim to ensure that sustainable communication is science-based, honest, and fully transparent. Read the full report to learn more about how IVY OAK is shaping the future of sustainable fashion: https://lnkd.in/eWuny6ix #Sustainability #ResponsibleFashion #IVYOAK #ImpactReport #EcoFriendly #SustainableFashion
Season Impact Report SS 2024
ivyoak.com
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Join Richard Wielechowski, Senior Investment Analyst (Textiles) at Planet Tracker and Shama Perveen, Ph.D., Director, Water Research at Ceres, Inc. for this EU Green Week webinar on 5th June 2024. Their discussion ‘Ripple Effects – why textiles need to get serious about water risk’ will consider: · What major apparel corporates presently reveal about their water impacts and dependencies of their operations and supply chain. · Why they need to develop “water transition” plans for both environmental, social and business reasons. Water Stress is already significant in many major apparel supplying regions. Since projected changes in water stress are also often significant and paired with sanitation/drinking water concerns, they pose a problem for brands/retailers attempting to move to a sustainable business model. Register here: 👉 https://lnkd.in/e39Am_3x Read the full Ripple Effects report here: 👉 https://lnkd.in/ecQ4tqEA #EUGreenWeek #WaterWiseEU #SeeWaterDifferently #WaterStress #Apparel #TextilesIndustry #SupplyChain
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As a pioneer in the sustainable textile movement, I envision a future where our industry harmonizes with the planet. Data science serves as our guiding thread, weaving a narrative of innovation and responsibility. By embracing analytics, we optimize every aspect of production – from predicting maintenance needs to curating eco-conscious supply chains. My commitment extends to personalized, quality textiles that resonate with consumer values. Through smart textiles and energy-efficient practices, we not only meet market demands but redefine the industry's ecological impact. It's not just about fabric; it's about crafting a sustainable legacy, where each thread tells a story of progress and environmental stewardship. #sustainabletextiles #datadrivensustainability #circulareconomy #textiletechnology #futureoffashion #textileinnovation #ecofashion
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Here's how the story goes: We all want #sustainability in a theoretical way. #consumers love the word, #brands love the word too and we #suppliers of course want to give #sustainablefashion to our customers. BUT, if we want to be #sustainable, if we truly want to stop the huge mess that #climatechange is, we need to stop externalizing part of our #cost to the #planet. Meaning we must pay a #fairprice. One that allows the #supplychain to use the right #resources, create #circularity, and take care of the #environment. Pay peanuts, kill monkeys (and all other animals, including ourselves) https://lnkd.in/dfDwSXcf
‘Doomed to Fail’: Suppliers Warn on Fashion’s Climate Commitments.
businessoffashion.com
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