Want to get in touch with the Policy and Research Team about the Fashion Transparency Index? She writes poetry, and has been published in Voice & Verse Poetry Magazine, The Literary Apprentice, SCUM, Signos, and (parenthetical). Transparency isn’t about which brand does the best, but about who discloses the most information. When the Rana Plaza factory collapsed seven years ago, killing and injuring thousands of garment workers, people had to dig through the rubble looking for clothing labels in order to figure out which brands were producing clothes there. Nicky is a marine conservationist by trade and education, with a strong background in research and a genuine interest in all things sustainable. At first, glance, getting a job in the fashion industry seems like an exciting and sexy career. The Fashion Transparency Index 2020 This is the fifth annual edition of the Fashion Transparency Index. H&M is the highest scoring brand this year at 73%, followed by C&A at 70%, Adidas and Reebok at 69%, Esprit at 64% and Marks & Spencer tied with Patagonia at 60%. Also available in Spanish and Portuguese. However, we are seeing many brands take steps towards greater transparency. Global Fashion Index (MGFI) forecasts that global fashion industry growth will slow further — down to 3 to 4 percent — slightly below predicted growth for 2019. The market is expected to grow annually by 6.6% (CAGR 2020-2025). But there is no way to hold brands and governments to account if information about what we buy is kept secret. Fashion industry, multibillion-dollar global enterprise devoted to the business of making and selling clothes.Some observers distinguish between the fashion industry (which makes “high fashion”) and the apparel industry (which makes ordinary clothes or “mass fashion”), but by the 1970s the boundaries between them had blurred. This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. COVID-19 - ALL. The fashion industry produces 10% of all humanity's carbon emissions, is the second-largest consumer of the world's water supply, and pollutes the oceans with microplastics. Also available in Portuguese. LONDON, United Kingdom — Fashion’s annual transparency scorecard has come back, and the industry’s been awarded a failing grade.. The interconnectedness of the industry is making it harder for businesses to plan ahead. Confirm. What each of us does with this public disclosure, how we use it to drive positive change, is what will count most. Her inclination to “do something” has been building up since childhood years as she, little by little, subconsciously adopted values from her father who is an environmental activist. Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. In our first country specific edition of the Index, the Fashion Transparency Index Brazil has driven increased public disclosure of brands’ human rights and environmental policies, practices and impacts from 40 of the largest brands operating in the Brazilian market. Never miss an opportunity again. The Fashion Transparency Index has rated 200 of the world’s biggest brands (chosen on the basis of annual turnover representing more than $500m) based on … Public disclosure invites us in, and allows us to exercise our right to find out more, non-disclosure perpetuates a non-inclusive system, where citizens are expected to trust brands who have continued to put profit and growth above all else. apparel industry publishers and consultants specializing in up-to-date, on-line, in-person and in-print sourcing, design, production, and sustainable fashion information since 1994. Sienna has a background in research, during her Masters in Conservation Science and Policy, she focused on sustainable development and policy, leading focus groups with Maasai pastoralists in Kenya and modelling the impacts of climate change. She’s passionate about social causes, the ever-emerging role of corporate responsibility and the power of transparency and collaboration to uphold and protect human rights. The business of fashion combines an understanding of markets, aesthetic trends, international trade, and consumer behavior. With a background in communications and PR, Manon's work focuses on promoting sustainable business practices and projects that benefit both communities and the environment. Brands may be disclosing a lot of information about their policies and practices but this doesn’t mean they are acting in a sustainable or ethical manner. This is how brands have operated for a very long time, yet widespread abuses remain endemic across the industry. RECEIVE DIARY DAILY. There have also been societal shifts, with a profound move towards inclusivity in the fashion industry. However, transparency provides a window into the conditions in which our clothes are being made and allows us to address them more quickly and collaboratively. She has a flair for the arts and languages, and has created her own line of sustainable jewellery - created from seaglass collected on beaches around the world, with 100% recycled metals. In this sense, we see transparency as the first crucial step towards systemic and structural change in the global fashion industry. The Great Fashion Revolution Clothes Swap, Out of Sight: A call for transparency from field to fabric, DOWNLOAD THE FASHION TRANSPARENCY INDEX 2020, Read the Fashion Transparency Index Brazil 2020. Welcome to the first edition of our new and exclusive brand & retail tracker – The Index. Read the FAQs. Unlimited vital daily news, exclusive features & interviews, Priority access to events offering learning & networking opportunities, In-depth studies & reports to help make sense of market challenges, Podcasts with inspirational business leaders. Ranking the levels of transparency of 30 of the biggest fashion companies in Brazil. It is impossible for companies to make sure human rights are respected, working conditions are adequate and the environment is safeguarded without knowing where their products are being made. A DATE WITH DIARY. The fashion circus is a creaky circus and in need of an update — not to mention even more meaningful grappling with race and representation in hiring and supply chains. Combined with the McKinsey Global Fashion Index (MGFI) analysis, which found that 56% of global fashion companies were not earning their cost of capital in 2018, we expect a large number of global fashion companies to go bankrupt in the next 12 to 18 months. Sarah also leads 'Trade Fair Live Fair' an European Commission funded programme focused on raising awareness of sustainable consumption and driving changes in public policies and private sector practices that contribute to the achievement of the SDGs. SP500.25504010 | A complete S&P 500 Apparel Retail Sub Industry Index index overview by MarketWatch. Previously, Carry set up her multi-award winning fashion brand Pachacuti in 1992 after a Masters in Native American Studies, supporting sustainable, rural livelihoods for women in the Andean region. Transparency is not a silver bullet that will solve the many complex and deeply systemic problems in the global fashion industry. After years of systemic racism, cultural appropriation and insensitive creative decision-making, many Black people saw straight through social media posts made by the fashion industry in … The latest reading of the McKinsey Global Fashion Index (MGFI), meanwhile, reveals new insights into fashion-company performance by category, segment, and region. THE FASHION TRANSPARENCY INDEX We want more brands and retailers to be able to answer the question Alongside her studies, she has been an active member of the Fashion and Climate Action Societies at UCL, organising 2 fashion shows, campaigns and clothes swaps to make sustainability centre stage in the discourse held around fashion on campus. Lian studied Comparative Literature at the University of the Philippines Diliman. The fashion industry is one of the biggest polluters in the world and a major contributor of greenhouse gases. If ever there was a time that reputations were going to be made or lost, it was now. CONTACTS industry INFLUENCERS NEWS DATES ... LONDON FASHION WEEK. Digital innovation, rising globalization, and changes in consumer spending habits have catapulted the fashion industry into the midst of seismic shifts. Rachel was previously at ASOS where she wrote and published modern slavery statements recognised as industry leading and delivered strategic projects tackling modern slavery and protecting freedom of association in collaboration with brands, NGOs and government agencies. A review of the 250 biggest fashion brands and retailers ranked according to how much they disclose about their social and environmental policies, practices and impact. Work under Fashion Charter for Climate Action is guided by its mission to drive the fashion industry to net-zero Greenhouse Gas emissions no later than 2050 in line with keeping global warming below 1.5 degrees. Also the retail sale of footwear and leather goods provides a fair amount of jobs in fashion, about 11 … VIEW ALL. The coronavirus pandemic has left the industry on lockdown and facing an uncertain future: from fashion week and international travel (cancelled for the foreseeable), to the creation of collections, and how – or where – they’ll be sold. The fashion industry uses around 93 billion cubic meters (21 trillion gallons) of water annually, enough to fill 37 million Olympic swimming pools, according to the Ellen MacArthur Foundation. INDUSTRY|INSIGHT. Welcome to the second wave of our new and exclusive brand & retail tracker – The Index. SIGN UP BELOW TO OUR DAILY FASHION AND WEEKLY BEAUTY NEWSLETTERS. © TheIndustry.fashion 2020 All rights reserved | Company number: 09641260 VAT number: 216 8767 77, Primark owner in the running to acquire Arcadia brands, Tommy Hilfiger reveals new concept store at London’s Broadgate Centre, Consumers shopping with caution but outlook for post-pandemic retail “positive”, Ben Sherman opens boutique pop-up store in Leeds, Pantone sets the tone for 2021 with Illuminating yellow and Ultimate…, Scoop and Pure shows to be merged for September 2021 edition, Fashion independents talk trading post Lockdown 2, IN PERSPECTIVE: How brands should pivot to remain culturally relevant. Garment workers in … worldwide: Revenue in the Luxury Fashion segment is projected to reach US$94,313m in 2020. Also available in Portuguese. Ranking the levels of transparency of 100 of the biggest global fashion companies. Whether you're searching the Fashion Directory to find a styling team, getting expert advice in our Fashion Industry Social Network, or using our Mingle Marketing Tools for free PR, Fashion Mingle will connect you with the fashion industry experts you need to grow your business. Having recently launched their benchmarks program, WikiRate supports benchmarking initiatives in making their company data and scoring systems available for anyone to use in research and advocacy. Please confirm that you are happy to receive all cookies. Through innovative partnerships with brands, retailers, and CFDA designers, the Foundation is able to leverage fashion and effectively generate awareness and funds for these charitable causes. Internet of things (IoT) One of the biggest opportunities reaching the retail industry is the introduction of IoT. The Business of Fashion and McKinsey & Company have released a new update examining the effects of Covid-19 on the $2.5 trillion fashion industry. As we have seen in previous editions of the Fashion Transparency Index, brands publish more about their policies than they do about the outcomes, results and progress they have made to address social and environmental issues in their business and supply chain. Welcome to The Index, Part 2 The Brands & The Buzz Scores, produced in partnership with Klarna. The Fashion Transparency Index comprises 220 indicators covering a wide range of social and environmental topics such as animal welfare, biodiversity, chemicals, climate, due diligence, forced labour, freedom of association, gender equality, living wages, purchasing practices, supplier disclosure, waste and recycling, working conditions and more. Previously, she was a youth reporter for the Department for International Development, where she interviewed MPs and NGO representatives about environmental and social justice issues, with a focus on the fashion industry. 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