Pulse of the Fashion Industry 2019 Update
On May 5th, Global Fashion Agenda, Boston Consulting Group (BCG) and Sustainable Apparel Coalition (SAC) published the 2019 update of Pulse of the Fashion Industry report. This is an annual assessment of the global fashion industry’s environmental and social performance.
They noted that “Although the Pulse Score increased by four points in 2019, from 38 to 42 (out of 100). In 2018, it increased by six points, so the speed of measurable progress in the past year has decreased by a third.”
“The fashion industry has shown progress toward better social and environmental performance over the year, but the slackened pace is alarming. Even the most advanced brands face limits to what they can achieve in isolation. To master the significant roadblocks lying ahead, a strong ecosystem of collaboration is required to drive impact by identifying best practices and inspiring innovative solutions. Moving forward, coordinated action is crucial to overcoming the challenges of the fashion industry, given its global nature. An overall policy approach, timelines and incentives must thus be aligned at an international level.”
See full report below.
Images & copy via www.globalfashionagenda.com