Textiles

Traceability – the ability to gain detailed insight into the supply chain – enables companies to better measure and improve their environmental and social impact. This report has found that companies without traceability systems are missing out on a net profit enhancement of 3 to 7% – the equivalent of approximately USD 3 to 6 billion per year for a company earning USD 80 billion per annum.

Investors have a huge opportunity to generate impressive investment returns while making a significant difference to the planet by facilitating a key environmental transition for wet processors. This new report explains the financial gains that can be made by investing in processes that lower the environmental footprint of wet processing.

Wet processing textile companies are intensely reliant on water, chemicals and heat to treat and dye fabrics, yet are failing to report on how they are managing their significant environmental footprint to the detriment of their investors, business models and compliance with increasing government-led regulations.

To listen to lead author Catherine Tubb explaining the purpose and findings of the report, please view the video below.