Turning ambition into action: why planet positive is fashion’s new must-have
Professor Johan Rockström and H&M Foundation Strategy Lead Christiane Dolva on the meaning of a planet positive future and the means required to achieve it.
WEBWIRE – Tuesday, September 20, 2022
Keeping up with every new sustainability term isnt easy. While some are products of corporate communication and marketing campaigns, most new terms emerge from the scientific community and newfound tactics for tackling climate change.
Planet positive is a scientific necessity today, says renowned climate scientist professor Johan Rockström, and continues:
We are putting the stability of the whole planet at risk, and it wont be enough just to reduce environmental impacts we have to build resilience and regenerate the capacity of the Earths systems.
Planet positive means to regenerate, replenish and create conditions for more life.
Regenerate, replenish and build resilience
Planet positive means to regenerate, replenish and create conditions for more life. Currently, humanity consumes ecological resources equivalent to 1.6 Earths per year, and the global middle class is growing rapidly, resulting in increased consumption. So, aiming for circularity or neutrality just isnt enough. And the solutions to the climate crisis arent Earth-friendly or more sustainable alternatives.
For fashion to become planet positive, it must retire its current business model and build a future-proofed one. Every garment needs to remove emissions from the atmosphere, every fibre needs to have regenerative qualities, and the entire industrys impact on land and water must create conditions for improved biodiversity.
Can the fashion and textile industry succeed on this journey? I would argue that, yes, we have the solutions, and we have the knowledge required to work from source all the way to the consumer along a new way of doing business. I think the textile industry has a big responsibility here. It can do a lot, but cannot do it alone. It requires policies to support as well, says professor Johan Rockström.
Connecting industry to innovators
We at the H&M Foundation are on a mission to put the solutions to the industrys planetary impact in the spotlight. We focus our work on industry stakeholders, and urge them to discover and use the new ideas and innovations that can enable and add speed to the journey towards a planet positive fashion future.
We find and fund tools that we add to an ever-increasing toolbox of solutions, says Christiane Dolva, H&M Foundation Strategy Lead, about the vast range of innovations we support.
We spur the industrys interest in innovation and see positive change happening and accelerating right now. Sustainability isnt just a word, its a focus area across the industry, and theres massive interest and demand for the solutions we support.
Sustainability as a business and survival strategy
So, were going to innovate our way out of the climate crisis and into a planet positive future? Not at all. According to Christiane Dolva, innovation is crucial but not the singular silver bullet.
Business as usual is in no way an option. Emissions need to come down drastically, waste needs to end, and all of us need to address the impact of overconsumption.
Christiane Dolva
While this transformation is yet far from realised, Johan Rockström, too, is noticing exciting and radical changes in businesses sustainability playbooks and roadmaps.
The industry is rising up, saying its ready to transform and move towards a planet positive, circular business model. And moreover, it wants to do it right, not only to save the planet for future generations but because it sees it as a survival strategy and a more competitive path. That is a very powerful narrative because its a narrative that political leaders listen to, and that could lead to a better kind of private-public industry policy engagement. And I think this is what we need to accelerate the transformation, he says.
So, a planet positive fashion future is possible. But, with the urgency of the climate crisis and its ensuing environmental impacts, the biggest question is when it will become reality.
We wont have a planet positive industry tomorrow, or 2025 or even in 2030. But the more progress we make, the closer we get to achieving it. It might not be possible to set a roadmap or time frame yet but research and science show that it is achievable. Now, the entire industry needs to come together and rethink processes and pivot. Were past patch-work solutions, now is the time for action and we at the H&M Foundation exist to support this colossal transformation, says Christiane Dolva.
The quotes from professor Johan Rockström are taken from a previous interview, recorded for the H&M Foundation in the spring of 2022. Watch it in full below to learn more about the path towards a planet positive future.
Turning disability into creativity
********************************** News.gov.hk spoke to two non-governmental organisations to learn more about how the fund helps people with disabilities to unleash their creativity in ceramics and wheelchair dancing.
When businesses face the need for cash flow on an urgent basis, they can turn to asset-based lending. Joe Malvasio, leader of Global Capital Partners Fund LLC, has developed quite a reputation as an alternative for businesses and individuals looking to fulfill their short-term financing needs in New York and other prime real estate locations in the US. Joe Malvasio’s primary spokesperson elaborated, “Through hard money loans, Joe Malvasio aims to make real estate financing a lot easier and quicker for the residents of the US. Ever since the pandemic surfaced, Joe Malvasio has seen businesses sell their assets at an undervalue just to keep their operation up and running. As a result, he has made it his life’s mission to educate people on asset-based lending as a viable option to get out of a short-term financing lurch. With easy financing options such as hard money loans, Joe Malvasio aims to help businesses regain their lost ground.” Private lenders like Joe Malvasio have developed hard money loans into a feasible alternative for short-term borrowing needs in the country. Since banks and other lending institutions have to follow strict regulations, their process is relatively slower. In today’s world, business is faster, and that is why more and more people are turning to asset-based financing for short-term loans as it offers an accelerated option for businesses, specifically new entrepreneurs. Real estate entrepreneurs know that in order to capitalize on market opportunities and make profits, they have to move quickly. However, applying for traditional bank loans simple takes too much time. On the other hand, Joe Malvasio’s firm offers accelerated financing options with feasible terms to give these real estate entrepreneurs the capital they need to make a profit in the world of real estate in NY and other prime real estate locations in the US. The spokesperson continued, “Joe Malvasio has met many individuals who failed to move on a market opportunity simply because they didn’t have enough capital as they had already invested in another asset. With GCP Fund’s asset-based lending, they can capitalize on the market opportunities with small windows without having to sell off their assets.” Other than accelerated asset-based loans, Global Capital Partners Fund LLC offers mezzanine financing, structured joint venture financing, construction financing, and bridge loans. About Joe Malvasio Global Capital Partners Fund LLC Contact Categories Turning food waste into energy
****************************** News.gov.hk spoke to representatives of the Environmental Protection Department and the visitor centre to learn about the tour’s activities and O.PARK1’s operations. The story is available at www.news.gov.hk/eng/feature today (September 12) in text and video format.
Hong Kong – Turning disability into creativity
With the support of the Social Welfare Department’s Arts Development Fund for Persons with Disabilities, artists with disabilities are able to explore their potential and develop careers in performing, visual or creative arts.
The story is available at www.news.gov.hk/eng/feature today (October 31) in text and video format.
New Yorkers Are Turning Towards Global Capital Partners Fund LLC for Quick & Flexible Commercial Real Estate Financing
Joe Malvasio is the president of Global Capital Partners Fund. With 40 years of experience in the industry, he has helped numerous clients invest successfully in the commercial real estate market by providing hassle-free acquisition and commercial financing solutions at flexible terms.
Ricky Taylor
+1-800-514-7350
www.gcpfund.com
Hong Kong – Turning food waste into energy
O.PARK1, the first organic resources recovery centre in Hong Kong which converts food waste into electricity, opened its visitor centre to the public in March by offering guided tours to promote a food wise and waste less culture and encourage food waste reduction at source.