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Fashion's Sustainability Funding Gap
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Overview
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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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How can the fashion industry overcome its short-term focus and lack of long-term investments to effectively finance sustainability commitments?
What role do environmental regulations play in driving the fashion industry towards sustainable practices and funding?
What strategies can be employed to bridge the funding gap and accelerate progress towards achieving sustainability in the fashion industry?
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