Why  Invest in Ethical Fashion (2024)

Why Invest in Ethical Fashion (1)

When people ask why should I invest in Ethical Fashion, that is companies that treat workers well and try to minimize their impact on the environment, We often make comparisons to the organic foods movement.

In the mid-90s the organic food industry, still a niche market, sought to break into the mainstream. At the time, though, consumers had little understanding of “organic.” Over the years growing concern about health issues, pesticides, potential risks of genetically modified food, environmental damage resulting from industrial farming, and animal rights has pushed interest in organic food to the forefront of public consciousness. Organic food may cost a little more money than processed industrial food, but people now understand that saving a few bucks can have enormous costs for their health, the environment, and the wellbeing of workers.

As organic food continues to define a new standard, older brands are redefined. Because new “organic” foods intersect with so many issues, an old-fashioned product is not only “NOT organic,” but also “NOT green,” “NOT ethically sourced,” “NOT fairly traded” and so on. The cumulative effect can break consumer habits. We are now inclined to steer our children into eating healthy.

We are not being ideological when we do this. We are simply operating with more readily available information than existed before. This is not about niche marketing around someone’s pet concern. It’s about a new generation of products rewriting the rules of quality for a new generation of consumers.

Green businesses savvy enough to detect the change in public awareness have proven successful at convincing consumers of the value of buying organic and have driven the supermarket chains and even fast food industry to join the organic food movement. Certainly a lot of “green washing,” false advertising, occurs, but over time brands that deliver more than image will gain position in the market.

Well, when it comes to fashion, we would argue that what we put on our bodies is as important as what we put in them. A public that has begun to exercise their consumer leverage to force organic food into the mainstream marketplace will increasingly demand ethical options from the fashion industry.

Why Invest in Ethical Fashion (2)

As the Ethical Fashion movement educates consumers, people become more aware of the dangers of industrial chemicals in their clothing, of environmental damages from some mainstream industrial practices, and of the unsafe working conditions and inferior quality associated with the “race to the bottom” phenomenon. As they have with organic food, we hope people will develop a holistic approach to the idea of quality. Status, value, workmanship, ethics, environmental and humanitarian concerns all become synonymous with quality. Consumers don’t make separate deliberations for each category. They make one decision. The more people who make the choice to support Ethical Fashion, the more such choices will become the standard.

If we want a significant number of people to choose the ethical fashion alternative, two things have to happen. The fashion industry needs to offer ethically sourced products to the marketplace at a reasonable price, and the producers and retailers have to be able to make money investing in ethical fashion.

Our goal at ZIVELI is to offer a high quality product at competitive prices, without asking consumers to pay a big premium for the responsible aspects of our brand. Otherwise we will be limited to a small market of highly responsible consumers who are willing to pay premiums, but that is a small percentage of overall consumers.

Why Invest in Ethical Fashion (3)

For a significant number of consumers to change their buying habits, producers have to change their thinking and move away from the race to the bottom and begin to see the economic, as well as the humanitarian, advantages of investing in human capital.

We at ZIVELI make sure our artisans can make a living and provide food, education and healthcare for their families.

Why Invest in Ethical Fashion (4)

We are in the first inning of responsible consumerism in fashion/apparel, with very small market share overall, but the trend is positive. Our key to success is offering a high quality product at competitive prices.

We try to help to educate the public and the consumer. We think it is not utopic to influence consumers regarding the purchasing decision they make for fashion. The Bangladesh catastrophe inspired a media and public outcry. After the attention created by the Bangladesh factory collapse and the recent factory shootings in Cambodia, the media and public demanded changes. We all know, however, that conditions revert to the status quo very soon after a period of good intentions wears off. Only when consumers and brands demand better conditions will conditions truly improve. Consumers need to be informed and that can only happen through education and awareness–via news, campaigns, social media, but also through promotion by the fashion industries leading the way in ethical fashion.

Choose Ethical Fashion on http://www.ziveli.in

Why Invest in Ethical Fashion (5)

Blog inspired by the fashionrevolution.org

Why  Invest in Ethical Fashion (2024)

FAQs

Why  Invest in Ethical Fashion? ›

In the most ideal sense, ethical fashion benefits those who labor throughout the entire production chain, contributing to a better future for everyone rather than just those in leadership positions.

Why is it important to buy ethical clothing? ›

Ethical fashion is important because it would champion solutions like fair wages, reasonable working hours, and improved working conditions for garment workers.

What are the positives of ethical fashion? ›

Sustainable and ethical clothing is made from natural fibers, which are biodegradable. This means that they will not pollute the environment when they are disposed of. The production of sustainable and ethical clothing also uses less water and energy than the production of conventional clothing.

Why is ethics important in the clothing industry? ›

They drive innovation, reduce environmental impact, and ensure fair treatment of workers. Brands prioritizing sustainability and ethics meet consumer demands, fostering industry resilience and positive social impact. Integrating these principles is crucial for promoting a sustainable and responsible fashion industry.

Why is ethical investing good? ›

So Why Not Invest Responsibly? The good news is that, as well as good financial returns, there are also other benefits from being responsible. You invest in ways that align with your values, you shift money away from companies that pollute the environment and exploit people, and you create societal benefits.

What are the benefits of ethical shopping? ›

Sustainable and ethical purchasing can enable a business to meet key targets such as reducing carbon footprint, better waste management and minimising environmental impact. Many customers today seek out brands that are visibly and proactively doing this.

Why is it important to buy ethically? ›

The benefits of ethical sourcing

Benefits include: Manage social risks and drive positive impacts. Ethical purchasing decisions help to reduce supply chain risks such as forced labour, low safety standards, and poverty wages.

How does ethical fashion help the environment? ›

By embracing sustainable practices like zero waste production, carbon neutral shipping, and circular fashion initiatives, sustainable clothing brands strive to reduce their carbon footprint and mitigate the harmful effects of fast fashion on the planet.

Why is it important for brands to be ethical? ›

An ethical brand doesn't just help you appeal to potential customers. It also enables you to connect with potential employees. Ethical brands are likely to be more attractive to job-seekers — particularly millennials and Gen-Z employees, who often look for employers that align with their beliefs and values.

Do consumers care about ethical fashion? ›

Just one in five (21%) consumers say that environmental sustainability / brand ethics is among their top three considerations when shopping for fashion items.

What are the benefits of being more ethical? ›

The advantages of ethical behaviour include: Higher revenues – demand from positive consumer support. Improved brand and business awareness and recognition. Better employee motivation and recruitment.

What is the best ethical investment? ›

Best-performing ethical investment funds
Fund NameReturn
Intelligent Investor Ethical Share Fund (Managed Fund) (INES)24.62%
Russell Australian Responsible Investment (RARI)23.02%
SPDR S&P/ASX 200 Esg (E200)21.10%
Vanguard Ethically Conscious International Shares (VESG)20.59%
5 more rows
May 2, 2024

Why is ethics important to investors? ›

Not only does unethical behavior by individuals have serious personal consequences—ranging from job loss and reputational damage to fines and even jail—but unethical conduct from market participants, investment professionals, and those who service investors can damage investor trust and thereby impair the ...

Why is ethical spending important? ›

Hence, it is essential because it can help to protect the environment, reduce pollution, ensure fair treatment for workers, promote social justice, support human rights, raise awareness, and support sustainable and ethical enterprises.

Why is it important for a brand to be ethical? ›

An ethical brand doesn't just help you appeal to potential customers. It also enables you to connect with potential employees. Ethical brands are likely to be more attractive to job-seekers — particularly millennials and Gen-Z employees, who often look for employers that align with their beliefs and values.

Does ethical shopping really make a difference? ›

In a world filled with complex challenges, ethical consumerism offers a tangible way to make a positive impact. It may come at a cost, but the tradeoff is a step towards a more responsible and sustainable future.

Why is it important to be sustainable in fashion? ›

It generates tons of waste, uses massive amounts of water, and contributes to a significant amount of carbon emissions. Sustainability in fashion is important because it seeks to address these issues and create a more environmentally and socially responsible industry.

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