Videos / 07 Mar 2014

Webinar: Is fashion undervalued?

The Sustainable Fashion Academy and The Prince’s Charities International Sustainability Unit in partnership with Trucost launched the draft white paper ‘Natural Capital Accounting within the Apparel Sector’.

Ahead of the 2014 Global Leadership Award in Sustainable Apparel (GLASA) in April this webinar brought together expert opinions from industry thought leaders and GLASA award finalists.

Co-hosted by The Prince’s Charities International Sustainability Unit and The Sustainable Fashion Academy, and in partnership with Trucost, it presented the white paper findings and opened the consultation phase.

The theme of the GLASA 2014 awards is natural capital accounting. Natural capital accounting refers to quantifying the finite stock of natural assets (air, water and land) from which goods and services flow to benefit society and the economy. This can be quantified using physical units, or through valuation, by monetising impacts to these stocks and flows to reflect the value natural capital has to society and human well-being. If used in an appropriate way, monetization can help us assess the value provided by ecosystem services as well as the costs of damaging the natural capital that provides such services.

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