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OverviewAPI
Slow progress in raising funds for sustainable fashion initiatives, with the Apparel Impact Institute aiming for $250 million but securing only $70 million so far. The fashion industry faces challenges in financing sustainability commitments, with a projected $1 trillion needed by 2050. Various organizations and initiatives, such as the Good Fashion Fund and H&M Group's green loan program, are addressing the funding gap, but the industry's short-term focus and lack of long-term investments hinder progress.

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