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Industry News: SDG Roadmap by KPMG and Textile Exchange

Roadmap for a more sustainable industry

How can sustainability be implemented in the fashion and textile industry? This question is addressed in the report “Threading the Needle: Weaving the Sustainable Development Goals into the Textile, Retail and Apparel Industry" drawn up by the provider of tax, audit and advisory services KPMG LLP in collaboration with the non-profit organisation Textile Exchange. This roadmap for the industry is geared to the implementation across the value chains of the Sustainable Development Goals.

September 2018

17 goals for sustainable development: The Sustainable Development Goals (SDGs) came into force in early 2016 with a term of 15 years. The ambitious catalogue is central to securing the implementation of the United Nations 2030 Agenda for Sustainable Development at the economic, social and environmental level in all nations of the world. The roadmap "Threading the Needle: Weaving the Sustainable Development Goals into the Textile, Retail and Apparel Industry" by KPMG LPP and Textile Exchange now sheds light on how these goals can be achieved by suppliers, brands and retailers in the textile, retail and apparel industry.

From environmentally friendly fibres and materials and responsible production to circular concepts – the report by KPMG LPP and Textile Exchange presents an exhaustive overview of solutions in the industry and sets out how the SDGs can be integrated in production in the textile and fashion industry. A study of the current status of the SDGs in the key sourcing countries Indonesia, Bangladesh and China gives insight into the scope of action. In addition, the roadmap serves as a guide for companies seeking potential collaboration partners among the plethora of sustainability initiatives.

The report makes it clear that the industry must reconsider the way it designs, produces and sells its products. “Threading the Needle” provides industry players with a toolbox to reconcile market potentials, societal demands and political measures. Tricia Carey, Director Global Business Development at Lenzing AG describes the roadmap as “a wonderful source of information for the apparel industry so that it can address the global challenges of the Sustainable Development Goals.”

#KPMG #Textile Exchange #Lenzing AG #Roadmap #Sustainable Development Goals #Agenda 2030

For additional information, see:
Report: Threading the needle
www.textileexchange.org
www.kpmg-institutes.com/institutes/taxwatch/articles/2018/09/threading-the-needle.html

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