Financing innovation: Who’s going to bridge the finance gap?
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11:50
There’s no getting away from it: The green transition is going to cost a lot of money upfront. Fashion for Good and BCG project an annual need of $20 to $30 billion to fund the necessary innovations and scalable business models. While around 55% of required actions could yield net cost savings, approximately 60% will still require significant upfront investment, according to Global Fashion Agenda.
The solutions are available. But where will the capital to scale these innovations come from?
- ROI of proactive vs reactive investment: What’s the role of brands in supporting and investing in innovative technologies and how can they get involved?
- Blended finance: Explore diverse funding sources such as government grants and venture capital to sustainability-linked loans and philanthropy. What capital options are available?