Sycomore Asset Management’s Post

🌿FABRIC Initiative Engages 16 Major Fashion Brands on Nature-Positive Action🌿 The textiles and apparel industry plays a significant role in biodiversity loss. It is responsible for approximately 35% of microplastic pollution and 20% of global water pollution, and it's projected to use 35% more land for fibre production by 2030 – an extra 115 million hectares that could be left to preserve biodiversity. To help drive the positive change urgently needed in the fashion industry, our FABRIC initiative is supporting a group of investors, collectively managing €5.85 trillion in assets, to engage 16 major fashion companies on nature-positive strategies. This initiative calls on brands like Adidas, Nike, H&M, and LVMH to: ✅ Commit to biodiversity-positive practices ✅ Improve supply chain traceability ✅ Implement circular economy principles ✅ Set science-based, actionable targets ✅ Enhance transparency with frameworks like TNFD Through constructive dialogue, the finance sector can help these companies embrace nature-positive practices and contribute to reversing biodiversity loss by 2030. 🌍👗 The FABRIC initiative was launched at #COP16Colombia, with Laudes Foundation support. Read more at https://lnkd.in/dHKgtJcA Achmea Investment Management, Aéma Groupe, CDC Croissance, Domini Impact Investments LLC, EOS at Federated Hermes Limited, LBP AM, ODDO BHF Asset Management, Ofi Invest Asset Management, Pictet Group, Robeco, Sycomore Asset Management, Swedbank Robur and Vancity Investment Management. #SustainableFashion #BiodiversityAction #FABRICInitiative #FinanceForNature