29th
Insights from the Green Event
I was recently on Broadway—not in the latest production of West Side Story—but at the Hudson Theatre for The Green Event. The two-day conference brought together textile industry stakeholders—suppliers, buyers, designers, and regulators—to share ideas for developing eco-conscious practices across the board.
I had an opportunity to participate on the “Creating Green” retail panel alongside Marks & Spencer’s veteran cotton expert, Graham Burden. I shared Continuum’s insights about the consumer perspective on sustainability, sparking a conversation about the need to consider the demand–side of the sustainability equation. My talk followed an excellent keynote by Andrew Winston, author of Green to Gold and founder of Winston Eco-Strategies. Mr. Winston spoke passionately about the business case for sustainability, citing numerous examples of companies that had achieved true competitive advantage by identifying upside opportunities or eliminating downside risks in this space.
Ian Yolles, a co-founder of the novel sustainable clothier, Nau, was one of the most compelling voices at the event. He explained how he and a few friends (ex-execs from Nike and Patagonia got together in 2005 to create a new form of “business activism” by founding a company on the ideals of sustainability and social responsibility. Their corporate bylaws turned the traditional clothing retail model on its head in a number of ways, including: mandating the use of more sustainable materials and processes (for example, recycled PET soda bottles become recyclable polyester garments), providing a 5% donation of sales to non-profit philanthropy (to be specified by customers at POP) and selling directly to customers through an assortment of low-impact retail outlets (both the internet and their novel store-meets-internet “webfronts”).
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