This website uses cookies. RECEIVE DIARY DAILY. The interconnectedness of the industry is making it harder for businesses to plan ahead. This year, we reviewed 250 of the world’s largest fashion brands and retailers and ranked them according to how much they disclose about their social and environmental policies, practices and impacts. SUBMIT DATES. 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. 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. These are the sorts of facilities that do ginning and spinning yarn, knitting and weaving fabrics, dyeing and wet processing, leather tanneries, embroidering and embellishing, fabric finishing, dyeing and printing and laundering. since 2018 to help broaden its scope and outreach in Asia, including China, Japan and Korea. 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. She also organised and chaired a Sustainability Symposium at UCL in October 2019. The majority of brands and retailers lack transparency on social and environmental issues. 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. A recent report by the McKinsey Global Fashion Index forecasts growth of only 3.5 to 4.5 percent for 2019, slightly below 2018 figures. Email us at Transparency@fashionrevolution.org, Fashion Transparency Index Researcher and Fashion Revolution Philippines: Head of Creative Commissions Project, Head of Policy Dialogue Project British Council x Fashion Revolution. Garment workers in … In simplest terms, the fashion industry could be described as the business of making cloth… As consumers, we have the right to know that our hard-earned money is not supporting exploitation, human rights abuses and environmental destruction. Its contents are the sole responsibility of Fashion Revolution and do not necessarily reflect the views of the European Union. VIEW ALL. Clara is a final year student in Natural Sciences at UCL and has been an activist for a fair, transparent and circular fashion industry for many years. Reporter covering the retail industry. According to Euromonitor International, in 2019 the value of the global fashion retail market was $1.78 trillion, a jump of 14 percent on the previous year. The business of fashion combines an understanding of markets, aesthetic trends, international trade, and consumer behavior. This information enables others (consumers, investors, lawmakers, journalists, NGOs, trade unions, workers themselves) to hold brands to account, especially when things go wrong like it did that day at Rana Plaza. 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. Please confirm that you are happy to receive all cookies. Want to take an in-depth look into the Fashion Transparency Index? The average score for all 250 brands and retailers is 23% out of 250 possible points, showing that the world’s biggest brands have a long way to go towards transparency. Fashion in India is a fastly growing industry with international events such as the India Fashion Week and annual shows by fashion designers in the major cities of the country There are victories of a number of Indian beauty queens in International events such as Miss World and Miss Universe contests which have made Indian models recognized worldwide. 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. It became apparent to her that we cannot fight for human—particularly women's—rights without also fighting for environmental justice, and vice versa. There have also been societal shifts, with a profound move towards inclusivity in the fashion industry. True transparency requires public disclosure. So, which technologies are making the biggest impact in the fashion industry? Pachacuti pioneered radical supply chain transparency and was the world’s first Fair Trade Certified company. The Fashion Pact is a global coalition of companies in the fashion and textile industry (ready-to-wear, sport, lifestyle and luxury) including their suppliers and distributors, all committed to a common core of key environmental goals in three areas: stopping global warming, restoring biodiversity and … Internet searches for "modest fashion" increased 90 percent last year, according to the Year in Fashion 2019 report released by Lyst, the largest global fashion search platform. Non-profit Fashion Revolution’s review of 200 major brands and retailers’ public disclosures gave the companies an average rating of … This website was created and maintained with the financial support of the European Union. 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. 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 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. Including the FashionUnited Top100, Facebook fashion index, Twitter fashion index, Fashion fortune 200, Retail statistics (monthly, Q, H, annual), commodity news, stock news, country statistics, company directory and more. Sarah also leads the Policy Dialogue programme in India, Philippines, Rwanda and Kenya to undertake participatory policy research, funded by the British Council. Fashion Conferences 2020/2021/2022 is for the researchers, scientists, scholars, engineers, academic, scientific and university practitioners to present research activities that might want to attend events, meetings, seminars, congresses, workshops, summit, and symposiums. Transparency requires that companies know and share #WhoMadeMyClothes – from who stitched them right through to who dyed the fabric and who farmed the cotton — and under what conditions. Want to get in touch with the Policy and Research Team about the Fashion Transparency Index? Confirm. I have organized the resources into the following categories: fashion industry news, starting a business, runway coverage, trend forecasting … View stock market news, stock market data and trading information. Her work focuses on driving forward best practice across the supply chain through greater transparency and disclosure on policies, commitments and progress. Out of the 98 brands we have reviewed since 2017, we have seen their average score increase by 12 percentage points. CTRL + SPACE for auto-complete. We know that the pursuit of endless growth is in itself unsustainable. fashiondex. Email. COVID-19 - ALL. During the past decade, the fashion industry was an economic success story: consistent growth, the strong performance of the Asian market and the boom of online shopping set up a bright outlook. The market is expected to grow annually by 6.6% (CAGR 2020-2025). During the past decade, the fashion industry was an economic success story: consistent growth, the strong performance of the Asian market and the boom of online shopping set up a bright outlook. The opportunity to research for Fashion Revolution's FTI 2020 was an excellent and gratifying opportunity to combine her background and interests and be a part of valuable and impactful work. We invite you to read the full report for a deeper dive into the 2020 results. She’s responsible for managing social compliance across the UK and Europe and delivering humanitarian projects within the supply chain to ensure workers are respected and protected. You can download the full data set and methodology. Rachel Hartley is the Assistant Code of Practice Manager at Lipsy/Next. 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. Confirm. SUBMIT DATES. 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. worldwide: Revenue in the Luxury Fashion segment is projected to reach US$94,313m in 2020. Internet of things (IoT) One of the biggest opportunities reaching the retail industry is the introduction of IoT. The event, One Size Does Not Fit All—Inclusive Design & … 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. The Index is a tool to incentivise and push major brands to be more transparent, and encourage them to disclose more information about their policies, practices and supply chain. DIARY INFLUENCERS. INDUSTRY|INSIGHT. 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. On June 14 my firm, Coresight Research, cohosted a daylong conference on inclusive design alongside Alvanon. LONDON, United Kingdom — Fashion’s annual transparency scorecard has come back, and the industry’s been awarded a failing grade.. It is the first step in holding brands to account for the human rights and environmental impacts of their practices. These suppliers are those that provide brands and their manufacturers further down the chain with raw materials such as cotton, wool, viscose, hides, rubber, dyes, metals and so on. CONTACTS industry INFLUENCERS NEWS DATES ... LONDON FASHION WEEK. Welcome to Part 2 of our monthly brand & retail tracker, The Index, which is produced in partnership with Klarna. Lack of transparency costs lives. Always ask the brands you buy #WhoMadeMyClothes. Gucci is the highest scoring luxury brand at 48%, up from 40% in 2019. On the other hand, brands may be doing excellent work behind the scenes to make improvements, but if they don’t share this information publicly then no one may know about it and this learning cannot be shared more widely with others who may find it useful. The Fashion Transparency Index Brazil 2020 is available in English and Portuguese. Never miss an opportunity again. The Fashion Transparency Index 2020 reviews and ranks 250 of the biggest global fashion and apparel brands and retailers according to how much information they disclose about their suppliers, supply chain policies and practices, and social and environmental impact. Her interest in sustainability began when she started doing research for her undergraduate thesis, which was an ecofeminist analysis of Typhoon Yolanda (Haiyan) relief anthologies. 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. Which fashion brands and retailers are the most shopped and visited and which attract the most positive sentiment among their customers? 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. This year, we reviewed 250 of the world’s largest fashion brands and retailers and ranked them according to how much they disclose about their social and environmental policies, practices and impacts. And our exclusive study of British... Each month, we survey 2,000 consumers on their fashion shopping behaviour and attitudes to track shifts in consumer behaviour. Transparency does not equal sustainability. Fashion Business Inc. (501c3) provides the fashion industry with the resources and training, to support its growth and profitability. View stock market news, stock market data and trading information. The Fashion Industry Charter for Climate Action goes beyond previous industry-wide commitments. Fashion, you may have heard, is having an existential crisis. The Fashion Transparency Index Brazil 2020 is available in, Want to get in touch with the Policy and Research Team about the Fashion Transparency Index? According to common lore — and the century-old Hemline Index — skirts and dresses get longer as the economy worsens. Ranking the levels of transparency of 40 of the biggest fashion companies in Brazil. The Index, our monthly brand & retail tracker, shows a meaningful shift in behaviour of fashion shoppers in the lead up to Christmas. That’s why transparency is essential. 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. (JEC Democratic, Bureau of Labor) Average annual wages in fashion range from 26,440 dollars, for textile bleaching and dyeing machine operators, to 84,600 dollars for marketing and sales managers in fashion. Her collections were shown at London, Paris and Milan Fashion Week and sold in the world’s foremost luxury stores. Welcome to the second wave of our new and exclusive brand & retail tracker – The Index. Business of Fashion has released its annual report on the state of the fashion industry, revealing a sharp decline in profit over 2020 as well as predicting the future of the sector. However, without transparency we cannot see or protect vulnerable people and the living planet. Digital innovation, rising globalization, and changes in consumer spending habits have catapulted the fashion industry into the midst of seismic shifts. Ysabl aspires to one day create her own sustainable and entirely (Kapampangan) local brand, hoping to create positive change in the cultural, economic, environmental, and social aspects of the Philippine fashion industry. The Fashion Transparency Index, launched during the Fashion Revolution Week, creates awareness on important issues for the whole textile industry, such as transparency, good working conditions in the supply chain and the need for shifting towards a circular economy. 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 … Parts of the industry have also been accused of … This can come across as greenwashing. It also may seem that there’s a lot of money to be made in a career in fashion especially if you have dreams of becoming the next Ralph Lauren, Calvin Klein, or Donna Karan. 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. Fashion Revolution is calling for greater transparency throughout the fashion industry and our #whomademyclothes social media campaign has inspired millions of people to take action since 2013. SIGN UP BELOW TO OUR DAILY FASHION AND WEEKLY BEAUTY NEWSLETTERS. Business of Fashion has released its annual report on the state of the fashion industry, revealing a sharp decline in profit over 2020 as well as predicting the future of the sector. Michelle has worked for various public, private companies, and international NGOs, covering natural capital stewardship, responsible supply chain management and modern slavery governance. The Index in detail: TheIndustry.fashion has partnered with leading research specialist Savanta, the global research agency. A monthly controlled study of key demographic groups to enable the tracking of behaviours and preferences across age groups, regions and income levels. 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 was also a parliamentary researcher lobbying for non-financial disclosure legislation and climate finance. But there is no way to hold brands and governments to account if information about what we buy is kept secret. I have organized the resources into the following categories: fashion industry news, starting a business, runway coverage, trend forecasting … Beyond Fashion Revolution, her work focuses on sustainability strategy, policy research, ESG risk due diligence and multi-stakeholder engagement. COVID-19 - ALL. SP500.25504010 | A complete S&P 500 Apparel Retail Sub Industry Index index overview by MarketWatch. Transparency enables others to scrutinise what companies say they are doing to address human rights and protect the environment. The business of fashion combines an understanding of markets, aesthetic trends, international trade, and consumer behavior. The information disclosed by companies needs to be accessible and detailed enough to take action upon. The good news is that 101 out of 250 brands (40%) are publishing their first tier manufacturers, up from 35% in 2019. By clicking 'Get the Newsletter' below, you agree to receive the newsletter & marketing communications from theindustry.fashion. She is currently writing a book about her ancestors and their textile heritage. Created in partnership with McKinsey & Company, the report anticipates that, due to the pandemic, companies will post a 90 percent drop in profit by the end of 2020 (in 2019, profits rose four percent). Top 100 companies This benchmark index gathers the 100 largest companies worldwide in the fashion industry. However, we are seeing many brands take steps towards greater transparency. We will continue to use the Index to measure brands’ annual progress on transparency and to push them harder and faster towards taking greater responsibility for their policies and actions on social and environmental issues. Covid-19 has demonstrated just how dependent the global fashion industry is on the exploitation of cheap labor. Brands that participated in the Index this year (by completing our questionnaire) have achieved an average score of 35% while non-participating brands achieved 11%. 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 … Ranking the levels of transparency of 30 of the biggest fashion companies in Brazil. Each month we will be tracking how... By subscribing to our FREE newsletter, you’ll get access to: Write CSS OR LESS and hit save. Also available in Portuguese. The fashion industry statistics pages are a product of FashionUnited Business Intelligence. A review of the 200 biggest fashion brands and retailers ranked according to how much they disclose about their social and environmental policies, practices and impact. Welcome to The Index, Part 2 The Brands & The Buzz Scores, produced in partnership with Klarna. Vogue Business releases Global Luxury Fashion Industry Index. RECEIVE DIARY DAILY. But to some experts, the fashion industry's current efforts amount to little more than lip service. For other data, such as the FashionUnited Top 100, the FashionUnited Facebook Index and the List of Richestest People in Fashion, refer to the FashionUnited Top 100 . Ranking the levels of transparency of 100 of the biggest global fashion companies. CONTACTS industry INFLUENCERS NEWS DATES ... LONDON FASHION WEEK. More than half of brands (54%) score 20% or less. 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. SP500.25504010 | A complete S&P 500 Apparel Retail Sub Industry Index index overview by MarketWatch. She recently studied in Slim’s Fashion and Arts School during which she was able to intern for international fashion designer Tex Saverio for Fashion Exchange International. INDUSTRY|INSIGHT. 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. Also the retail sale of footwear and leather goods provides a fair amount of jobs in fashion, about 11 … 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. But of all China’s fashion-industry challenges, Liu consi­ders self-promotion the weakest link. 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