Sustainable investing: fashion and ESG

1 The World Bank, How much do our cabinets cost the environment?, September 23, 2019,

2 The production consists of cutting sewing, buttonhole, gluing, etc. Processing includes spinning, weaving, dyeing the fabric, etc.

3 In some emerging markets, the apparel industry is considered an infant industry, a new or relatively new industry that is expected to become economically important because it can drive economic growth.

4 Ellen MacArthur Foundation, Keeping clothing in use to reduce waste: thredUP, as of May 25, 2022, -waste-thredup and Ellen MacArthur Foundation, A New Textiles Economy: Redesigning fashion’s future, as of May 25, 2022,

5 FESPA, Digital Textile Market Trends and Opportunities 2022 – what does the future look like?, as of 25 May 2022, – and-opportunities-2022-%E2%80%93-how-does-the-future-look and Allied Market Research, Digital Textile Printing Market Outlook – 2021-2030, as of May 25, 2022, https://www.


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The returns of a portfolio composed primarily of sustainable investments may be lower or higher than those of a portfolio that is more diversified or whose decisions are based solely on investment considerations. Because sustainability criteria exclude certain investments, investors may not be able to take advantage of the same opportunities or market trends as investors who do not use these criteria.

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