
Sustainable Fashion Summit Turns Sweet 16, But Dark Reality Bites
GFA's industry vision is 'Net Positivity,' and the annual Summit unites brands, manufacturers, policymakers, and other global stakeholders under its strategic guidance and impact-reduction initiatives.
However, fashion's negative impacts are increasing, not decreasing, and annual production volumes continue to rise. Global fiber production increased by a record 7% in 2023 to 124 million tonnes, a rate at which it will hit 160 million tonnes in 2030.
Such growth is wiping out incremental gains from sustainability initiatives. Stand. Earth's 2025 Fossil Free Fashion Scorecard shows that in 2024, only three brands reduced emissions in line with a 1.5°C pathway, while 17 brands increased their carbon footprint compared to their baseline. 2024 was also the first year that average temperature increases breached the 1.5°C threshold.
Sustainability demands absolute impact reductions. To borrow Yoda's wisdom, it's a case of 'do or do not—there is no 'try'.'
As the industry's sustainability shepherd, what is GFA to do after 16 years of sustainability talk and with 'net positivity' further from reality than ever? Under the banner of 'Barriers and Bridges,' in their latest annual report, GFA named three strategic action areas for 2025: Circular Economy, People, and Planet.
On the 'Circular Economy,' GFA will 'lead a harmonization effort of global Extended Producer Responsibility (EPR) regulations' that are under development in the European Union. Such work is critical since EPR fees ostensibly underpin investment in circular infrastructure in Europe, such as textile repair and recycling. These efforts should increase the utility of clothing and (in theory) reduce the demand for new fibers and new clothes – levers for decreasing production whilst generating revenue from existing resources).
On 'Planet,' GFA (somewhat unspecifically) says it will 'continue to emphasize the need for decarbonization and collective investment in Renewable Energy Initiatives.'
Fashion's emissions mostly arise from production in Asia, and its textile factories are in the crosshairs for decarbonization of energy sources, since they are the principal emissions, water, and chemical hotspots.
'People' is the GFA's third (and most detailed) area of focus in 2025, naming two research initiatives led by the non-profit:
This revelation begs a pause. Europe? The region where just a fraction of global fashion production is done, the highest rates of pay equity, and the lowest climate vulnerability on the planet? Why the sudden departure from GFA's historical focus on the industry's impact hotspots (in Asia)?
"Italy was never in the picture [at GFA], and I waited until we were sure we had enough [coverage of other] areas of the world to [then] look at Italy," explains the non-profit's CEO, Federica Marchionni. "We have to consider other countries and other brands–we're not 'global' if we don't include European countries."
Regarding GFA's previous work: 'The biggest impact programs [are in Asia] for sure, that's what we did for 15 years [but] the brands that define culture are European–you can't ignore that. They are somehow very well known [and] Europe has to be in the mix for that reason,' says the CEO.
European brands are undoubtedly economic powerhouses, and luxury brands have been implicated in several lawsuits in Italy over the past year due to systemic migrant worker exploitation in its supply chain. It's undeniable that these issues in Italy (also an inherent feature of global supply chains) be squarely addressed.
"[European] brands have the responsibility to lead by example not only on quality [but on] future-proofing their businesses. If I want to speak on behalf of the industry, we need to include Europe," stressed Marchionni.
Regarding putting Europe 'front-and-center' in GFA's strategic research efforts, what is the environmental rationale, since the industry's sustainability success depends on climate adaptation and decarbonization in Asia?
"We need to solve a global issue with sustainability, and the way I am trying to do it is to go into the settings where those conversations are most relevant – at the UN, in Davos [for example]."
"Our work was too focused on South Asia–we have the renewable energy initiative that was done in Bangladesh, the post-industrial circularity in South East Asia [where]
Marchionni is referring to a few of GFA's many multi-stakeholder initiatives, namely the Global Circular Fashion Initiative (where they convene stakeholders under a Circular Fashion Partnerships scheme deployed by funding bodies, brands, manufacturers, and recyclers); as well as an offshore wind energy in Bangladesh. But are these Asia-based efforts "done"?
Despite GFA announcing the Bangladesh offshore wind energy project at COP28 in 2023, a feasibility study into the project's potential to exist has not yet commenced.
On the same subject, a straw poll of journalists at the Summit revealed they were under the impression that the Bangladesh wind farm was already being built, thanks to funding from fashion brands.
Regarding the Circular Fashion Partnerships (CFP), the successful Bangladesh pilot led by BESTSELLER and Reverse Resources (and implemented by UNIDO) proved the business case for post-industrial recycling there, and the need for policy changes to support its industrial deployment. However, GFA is still recruiting brands (who pay to participate in the CFP program) for the Cambodia and Indonesia pilots.
Is it really time to shift strategic focus to Europe?
The devilish reality, as always, is in the details, and the 'sustainable fashion' movement at large has claimed 'intent' as 'action' for years. Science-based target (SBT) setting is one example, where fast-fashion brand Shein recently had its SBTs approved despite increasing its emissions by 176% from 2021 (its baseline year) to 2023, with no detailed explanation as to how reductions will be tracked or achieved. What is clear is Shein's publicly announced goal to achieve $60 billion in revenue by 2025 (compared to $32.5 billion in 2023), and that that will equate to higher production volumes (and emissions).
What does this 'sustainability sentiment' and 'intention' actually cost? Well, what you don't measure, you can't know.
To Marchionni's point, Europe has experienced intense industry scrutiny in the past year, with increased EU-based but global regulation and a slew of court cases in Italy that exposed sweatshop-like conditions, including at workshops manufacturing for brands Dior, Giorgio Armani, and Alviero Martini. Just ahead of the Summit, the Italian courts put Valentino under judicial review due to exploitation in its supply chain there.
GFA began worker-focused research in Italy in 2024, in partnership with PwC and Camera Della Moda, to survey perceptions of gender pay equity.
The results, presented on stage at the Summit, found that 80% of factory owners don't believe their company has a gender pay gap, while 67% of HR representatives in those companies think they do.
Perceptions aside, Europe has the highest gender pay parity in the world, with women earning, on average, 12.7% less per hour than men. Italy fares better, with women earning just 2.2% less per hour compared to men (as of 2023).
Leading industry-specific pay equity research by the Anker Research Institute found gender gaps of up to 22% in Bangladesh, 4-7% in Turkey, and 5-15% in Morocco.
The Italian (and soon-to-be French) focus seems unusual: not only does Europe have the world's highest gender pay parity, but several organizations publish actual gender pay gap data. Why research pay gap perceptions?
"It's a sensitive topic," says Marchionni, since Italian manufacturers may not be used to people questioning them (via surveys, in this case) in their factories. The CEO also pointed out that this delicate work is "not easy" for her since she is Italian but does not shy away from it.
During the Summit, Erika Andreetta, Senior Partner at PwC Italia explained that most manufacturing units in Italy are micro-sized (10 or fewer employees) and fall below reporting and regulatory radars, so there can be hidden inequity. As such, their ongoing research with GFA will focus on gender pay equity in Italy and then France.
Worker exploitation was a topic of discussion on stage at the Summit, but mainly focused on Bangladesh's below-living wages and gender-based violence problems, as explained by Kalpona Akter, Founding member and Executive Director of the Bangladesh Center for Workers Solidarity.
From an Italian perspective, a video was broadcast during the Summit, pre-recorded by Luca Sburlati, the President of Confindustria Moda–a Federation that aims to protect and promote the interests of the sector and its members and represents the entire Italian supply chain nationally and internationally.
In the video, Sburlati spoke on behalf of Italy's sector, representing '500,000 people, more than 40,000 companies, and a total turnover of about 100 billion yearly.' The President did not mention Italy's worker exploitation problem directly but referred to the new voluntary Accord: "Last week, we signed an important protocol to defend the legality [of our industry]
"Together we want to defend and preserve the legality of what 99% of the companies [in Italy] are doing today," he said, repeating several times in the 5-minute video the need to preserve and defend 'the uniqueness of our [supply] chain,' and concluding "we will..fight for our companies."
Atilla Kiss, Gruppo Florence
GFA
Attila Kiss, CEO of Gruppo Florence (an industrial project that promotes Italian manufacturing excellence in the luxury sector) spoke on the Summit's Ignite Stage about the recent "scandals we had in Italy," saying they were due to "pressures from the market."
He describes the situation thus: The markets are placing pressure on brands, and brands are, therefore, pushing suppliers (which are small family-owned companies that are quite weak in relation to the brands). In turn, the suppliers find a production solution that "is socially not correct."
Kiss describes Italy's micro-enterprises as being "pushed to find illegal solutions" due to pressures from brands. Overwhelmingly, the language from both speakers on the topic frames the recent exploitation as an external assault on the industry rather than a problem within it.
But 'market pressures' could simply be stated as a decline in demand for a brand's products—an expected consequence of economic downturn and geopolitical instability. Rather than producing fewer products and gaining higher-margins through efficiencies or other legitimate means, the supply chain in Italy struggles to adapt (following years of decline) leading to adoption of illegal practices.
This framing of 'market challenges' is the mechanism by which exploitation occurs across fashion's entire global supply chain, illustrating that Italy's pressures are inbuilt and top-down from growth imperatives. Italy's manufacturing woes, in essence, are those of the worldwide fashion manufacturing sector.
Despite the excellent role the Summit plays in convening and hosting industry stakeholders and sharing valuable global insights, the Strategic focus (and selected Summit snippets) suggest a wider sense of denial–denial of how far the industry is falling short on its sustainability targets, denial of how bad exploitation is in Europe (like in other production countries), and denial of how inbuilt and permanent brands' pursuit of growth is, at any economic, social or environmental cost.
I first attended the Global Fashion Summit in 2017, and I continue to hope for the best; by this year's measure, that would be GFA 'leading and spearheading' the industry, per its mission, by redirecting us onto the abatement path it set in 2020, and overseeing industry measurement of tangible actions and results against climate and social sustainability imperatives; prioritizing the industry's hotspots, and the most vulnerable, first.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
an hour ago
- Bloomberg
Earthquake Measured at Magnitude 3 Shakes New York Area
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Yahoo
an hour ago
- Yahoo
Looking For Yields: Prologis, Getty Realty, And Delek Logistics Are Consistent Moneymakers
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Prologis, Getty Realty, and Delek Logistics Partners have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 10%. Prologis Prologis Inc. (NYSE:PLD) is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— $100k+ in investable assets? – no cost, no obligation. The company has increased its dividends every year for the last 11 years. In its most recent dividend hike announcement on Feb. 20, the board raised the quarterly payout by 5% to $1.01 per share, equaling an annual figure of $4.04 per share. More recently, in its dividend announcement on May 8, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 3.77%. Prologis' annual revenue as of March 31 stood at $8.38 billion. The company on July 16 posted Q2 2025 revenues of $2.04 billion and EPS of $1.46, both beating the consensus estimates. Getty Realty Getty Realty Corp. (NYSE:GTY) is a real estate investment trust that acquires, finances and develops convenience, automotive and other single-tenant retail real estate. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. The company has increased its dividends consecutively for the last 12 years. In its most recent dividend hike announcement on Oct. 22, it raised the quarterly payout by 4.40% to $0.47 per share, equal to an annual figure of $1.88 per share. More recently, in its dividend announcement on July 22, the company maintained the payout at the same level. Currently, the dividend yield on the stock stands at 6.82%. Getty Realty's annual revenue as of June 30 stood at $210.07 million. The company on July 23 posted Q2 2025 revenues of $53.26 million, below the consensus estimate of $52.11 million, while adjusted AFFO of $0.59 was in line with expectations. Check out this article by Benzinga for four analysts' insights on Getty Logistics Partners Delek Logistics Partners LP (NYSE:DKL) owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the U.S. The company has raised its dividends every year for the last 12 years. In its most recent dividend announcement on April 28, it raised the quarterly payout from $1.105 to $1.11 per share, which is equal to an annual figure of $4.44 per share. The dividend yield on the stock is 10%. Delek Logistics Partners' annual revenue as of March 31 stood at $938.49 million. The company on May 7 posted Q1 2025 revenues of $249.93 million and EPS of $0.73, both coming in below expectations. Prologis, Getty Realty, and Delek Logistics Partners are good choices for investors seeking reliable passive income. Their dividend yields of up to 10% and long history of consistent hikes make them attractive to income-focused investors. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. Image: Shutterstock This article Looking For Yields: Prologis, Getty Realty, And Delek Logistics Are Consistent Moneymakers originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
3 Growth Stocks to Invest $1,000 in Right Now
Key Points Amazon's core e-commerce business remains remarkably resilient and continues to dominate the global retail landscape. Nvidia remains the undisputed leader in supplying the advanced chips powering today's artificial intelligence revolution. Meta Platforms leads the social media landscape, operating three of the world's top-five most-used platforms and reaching 3.4 billion daily users. 10 stocks we like better than Nvidia › The last year has been a wild ride for many investors, with a huge swing down in the market in the spring before rocketing back up to today's highs. For investors who want to keep that momentum going, here are four growth-focused companies that would be a smart place to park $1,000. Amazon continues to dominate With all the tariff drama, it makes sense that investors have been a bit wary of Amazon (NASDAQ: AMZN) compared to its big tech rivals. I think this fear is overblown. Yes, the trade war between the U.S. and China could reignite, and this would definitely impact Amazon's business, but any disruptions would more than likely be temporary. The fact is, Amazon's e-commerce business is highly resilient, and I don't see its dominance meaningfully threatened. Amazon enjoys a moat that few companies in history have. It is hard to overstate how ingrained it is in the daily lives of consumers across the globe. And beyond its retail business, Amazon Web Services (AWS) -- the company's cloud service -- continues to thrive, growing rapidly in the age of artificial intelligence (AI); revenue was up 17% year over year in the first quarter of 2025. CEO Andy Jassy recently drove home the potential of AWS, saying in an earnings call, "before this generation of AI, we thought AWS had the chance to ultimately be a multi-hundred-billion-dollar revenue run rate business. We now think it could be even larger." Nvidia is still on top It's no secret that the most dominant company leading the most dominant industry is Nvidia (NASDAQ: NVDA). Data centers across the globe, especially those running today's most advanced AI models, are filled to the brim with the company's advanced graphics processing units (GPUs). Thus far, no other chipmaker managed to rival Nvidia when it comes to delivering the most advanced GPUs needed to power modern AI, and although competitors like Advanced Micro Devices have begun to make some headway, Nvidia is still miles ahead. It also has an incredible amount of capital -- dollars and people -- to deploy in defending its lead. While this would already be a substantial moat, Nvidia's CUDA architecture provides it with an incredible advantage. This is a key component, and although it's definitely talked about, it remains poorly understood by investors given its importance. Without going into too much detail, CUDA is essentially a software layer upon which most AI technology is built. If a company is already in Nvidia's ecosystem, switching to rival chips would require the overhaul of their entire workflow, making them unlikely to leave. As a result, Nvidia's ecosystem keeps clients loyal and willing to pay a premium. Meta Platforms dominates social media Meta Platforms (NASDAQ: META) is the undisputed leader in social media. Of the top five most used social media platforms in the world, Meta has No. 1, 3, and 4 in Facebook, Instagram, and WhatsApp. All told, its platforms are actively used by more than 3.4 billion people around the world on a daily basis. This massive user base continues to fuel massive growth for the tech behemoth. Its latest quarterly earnings showed a 22% jump in sales year over year (YOY) and a 38% jump in net income. To capitalize on its success, the company is investing aggressively in its future -- especially in AI -- where its enormous and engaged user base gives Meta a unique advantage. It has access to vast amounts of data to train its models and a captive audience to roll out its AI products to. And unlike some in the AI space, Meta also has the financial strength to continue investing even if the short-term return is less than stellar. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy. 3 Growth Stocks to Invest $1,000 in Right Now was originally published by The Motley Fool