New Solution to Estimate Fabric’s Environmental Impact Data

The textile and fashion industries have taken significant measures to prioritize decarbonization to reduce CO2 emissions. Hence, companies are encouraged to disclose their fabrics’ CO2 emissions and help keep accurate track of carbon footprints.

Therefore, data is an essential factor in accomplishing these incentives.  As a result, organizations are shifting their focus towards methods that provide precise data to ensure the most recent and reliable data is available and accessible to the respective stakeholders.

Source: Pexels


Adopting a data-driven approach towards Decarbonizing Supply Chains and Estimating CO2 emissions


The increase in sustainability concerns has caused companies to focus on accurately determining their product carbon footprints (PCFs). Key industry players have been planning methods to tackle these problems. However, the accurate implementation of the results remains a challenge. Organizations increasingly realize the importance of using reliable and precise data to monitor their fabric's environmental impact analysis. 

There are several steps towards promoting the assessment of correct information on CO2 emission disclosure and carbon footprints. Some of the initiatives that businesses are taking in this direction include


1. Efforts toward becoming carbon neutral


Source: Pexels

Tracking carbon offset data and improving transparency is becoming a mandate for companies to achieve carbon neutrality. In line with this, businesses are implementing strategies such as raw material source identification, new technology development processes to reduce carbon emissions, and ways to enhance production efficiency. It is essential that not only do the end product retail companies realize the importance of carbon neutrality, but every link in the industry chain makes the required changes.


2. New supply chain trends 


Companies need to embrace the core trends in the supply chain to ensure accurate and reliable data is available to address the growing challenges. 

  • Decentralization
Organizations face difficulties with their workflow interoperability. While some divisions are leveraging new trends and techniques, others remain reluctant. Businesses must adopt decentralized approaches to enable collaboration and exchange of knowledge. For instance, while the various divisions and departments operate independently, a workflow of mutual knowledge transfer to stay abreast is necessary for all developments. It would ensure that all processes have the exact extent of knowledge and have access to the updated data repositories.
  • Digitization
Technologies drive innovation, and businesses must embrace them to stay competitive. Emerging technologies like artificial intelligence, machine learning, and data analytics hold immense potential to transform our lives. Organizations must opt for digitization initiatives and try automating repetitive and mundane manual operations. It helps to cut down redundancy in tasks and reduce monotony in work. 

In addition, it would also contribute significantly to the efficiency of production processes. While AI helps chatbots and virtual assistants to simplify human tasks, ML and data analytics use algorithms that work with huge volumes of complex datasets and turn them into actionable insights. These would help in deriving meaningful business outcomes.
  • Democratization
While the availability of accurate data is one aspect, its accessibility is another, equally vital. Hence, democratizing reliable and accurate data should be the focus of companies which implies all relevant stakeholders must be able to access data conveniently and at any time. In addition, the senior leadership must work towards bringing diverse stakeholder groups together to form networks that share and exchange user data.

Various digital platforms are available that help accommodate these trends effectively. Companies must go for such collaborative initiatives. 


3. Initiatives towards developing solutions to measure environmental impact accurately

A new partnership between  Frontier + Made2Flow is addressing innovative solutions to effectively tackle the problem of lack of ability to disclose the brands' fabric's environmental impact: CO2 emissions, water, and land use, coupled with accurate data.


 The partnership between Frontier (a material digitization platform) and Made2Flow (a tech company specializing in environmental data analytics). This partnership is helping businesses to decarbonize by providing ways to estimate and access the brands' fabric's carbon footprint data, which helps to make better decisions when choosing the textiles they will use for creating their garments. 

Conclusion


Textile and fashion industries' key players were responsible for 2.1 billion metric tons of greenhouse gas (GHG) emissions in 2018, according to one Mckinsey research. This amount is about the same quantity of GHGs per year as the entire economies of France, Germany, and the UK combined. Thus, the Intergovernmental Panel on Climate Change (IPCC) established an agreement with the core fashion industry players to reduce their GHG emissions to 1.1 billion metric tons of CO2 equivalent by 2030.

These incentives aim to drive decarbonization and bring real and lasting change for the better in the fashion industry. Consequently, more brands are becoming aware of the importance of CO2 emissions disclosure and accurate deployment of data on carbon footprints. With these aspects in mind, companies need to revamp their strategies, adapt and adopt the newest trends in the supply chain and make informed decisions based on data-driven approaches.

If you would like to know more about how to disclose your fabric’s environmental impact, please contact us here:


2022-11-29
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