26th May 2017, BANGALORE, India. - Ashoka and C&A Foundation have launched a new €250,000 ‘Scaling Impact Fund’ as part of their joint Fabric of Change initiative supporting social innovation in the apparel industry.
The hands that make our clothes overwhelmingly belong to women. More and more companies and social entrepreneurs understand that lifting up and empowering these women is necessary to building a more equitable industry.
The fashion industry is responsible for serious environmental and social problems at a global scale, being the second most contaminating sector in the world, following the oil industry.
Collaboration in fashion goes well beyond Kate Moss teaming up with Topshop. Forward-thinking brands co-create by working together with competitors and social entrepreneurs to design radical new projects and processes that lead to win-win-win situations.
An estimated 75 million people are now employed by the apparel industry. It’s a number that has almost quadrupled in the last 15 years. With this exponential growth, the not-so-hidden costs of fashion too have increased.
Saif Rashid believes that, given the right market opportunities, millions of Bangladeshis can lift themselves up financially. With an innovative new model called APON, he is empowering the workers of Bangladesh’s ready-made garment manufacturing industry to increase their disposable income and build better, healthier lives
Each year, 80 billion pieces of clothing are purchased across the globe, which is 400% more than 10 years ago. Unsurprisingly these sales constitute a major financial market. The fashion brand Christian Dior is one of the biggest companies in the world - last year their sales totalled $41.6 billion, roughly equivalent to the GDP of Tunisia.