Financing innovation: Who’s going to bridge the finance gap?

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?