Sasja Beslik, Head of Sustainable Finance Development at J Safra Sarasin, fled Bosnia when he was 18 to escape the war. He ended up in Sweden and today spends his time leveraging the power of the financial sector to improve the world. He is particularly interested in the fashion industry's impact on people and has recently attracted attention for his calculations showing that a well-known fashion brand could afford to pay living wages to garment workers by increasing the prices on their clothes by only a few cents. In this interview Sasja weighs in on the apparel industry's sustainability performance and - spoiler alert - he comes down very hard on the industry. Sasja and Mike cover a range of topics, including the strengths, weaknesses and greenwashing of the sustainable investment industry in general, why he thinks apparel brands should be more directly responsible for paying living wages to factory workers, why a t-shirt should be more expensive, and why, despite it all, the fashion industry is still worth investing in.

Sasja Beslik, Head of Sustainable Finance Development at J Safra Sarasin, fled Bosnia when he was 18 to escape the war. He ended up in Sweden and today spends his time leveraging the power of the financial sector to improve the world. He is particularly interested in the fashion industry's impact on people and has recently attracted attention for his calculations showing that a well-known fashion brand could afford to pay living wages to garment workers by increasing the prices on their clothes by only a few cents. In this interview Sasja weighs in on the apparel industry's sustainability performance and - spoiler alert - he comes down very hard on the industry. Sasja and Mike cover a range of topics, including the strengths, weaknesses and greenwashing of the sustainable investment industry in general, why he thinks apparel brands should be more directly responsible for paying living wages to factory workers, why a t-shirt should be more expensive, and why, despite it all, the fashion industry is still worth investing in.

Sasja Beslik, Head of Sustainable Finance Development at&nbsp;J Safra Sarasin, fled Bosnia when he was 18 to escape the war. He ended up in Sweden and today spends his time leveraging the power of the financial sector to improve the world. He is particularly interested in the fashion industry's impact on people and has recently attracted attention for his calculations showing that a well-known fashion brand could afford to pay living wages to garment workers by increasing the prices on their clothes by only a few cents. In this interview Sasja weighs in on the apparel industry's sustainability performance and - spoiler alert - he comes down very hard on the industry. Sasja and Mike cover a range of topics, including the strengths, weaknesses and greenwashing of the sustainable investment industry in general, why he thinks apparel brands should be more directly responsible for paying living wages to factory workers, why a t-shirt should be more expensive, and why, despite it all, the fashion industry is still worth investing in.

THOUGHT LEADERSHIP: Sustainable investment expert Sasja Beslik thinks the fashion industry is a very poor performer and possibly a stranded asset.

Fashion and apparel. It touches nearly everyone. When its at its best, fashion and apparel is not only functional, but also fun, expressive, sexy, and for some businesses, very profitable. But when it is at its worst, fashion and apparel is superficial, exploitative, polluting and extremely wasteful - in other words the essence of unsustainable consumption. And while it is argued that the industry's rapid growth has created employment opportunities for more than 300 million people worldwide, especially for women in poorer countries and those in extreme poverty, many garment workers still struggle to earn enough to pay to meet even their most basic needs. More alarming is the fact that as the industry grows - by 2030 more than 8 billion people will live on the planet, and nearly 5 billion of these will be part of the global middle class - its negative environmental impacts may become unmanageable, potentially undermining its social benefits and contributing to ecosystem degradation on local, regional and global scales.

Who would have thought garments could be so destructive? 

The fashion industry must change now, but will we manage in time? Join Mike Schragger, founder of the Sustainable Fashion Academy, as he explores the challenges, incentives and disincentives and emerging solutions needed to rapidly transform the industry. Listen in as he talks with the business leaders, activists, researchers, innovators and entrepreneurs, investors, legislators, consumers and citizens - who are racing against the clock to find solutions that will transform the industry, thus ensuring it truly operates for the benefit of people and the planet.

www.sustainablefashionacademy.org/podcasts/big-closets-small-planet

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Fashion and apparel. It touches nearly everyone. When its at its best, fashion and apparel is not only functional, but also fun, expressive, sexy, and for some businesses, very profitable. But when it is at its worst, fashion and apparel is superficial, exploitative, polluting and extremely wasteful - in other words the essence of unsustainable consumption. And while it is argued that the industry's rapid growth has created employment opportunities for more than 300 million people worldwide, especially for women in poorer countries and those in extreme poverty, many garment workers still struggle to earn enough to pay to meet even their most basic needs. More alarming is the fact that as the industry grows - by 2030 more than 8 billion people will live on the planet, and nearly 5 billion of these will be part of the global middle class - its negative environmental impacts may become unmanageable, potentially undermining its social benefits and contributing to ecosystem degradation on local, regional and global scales. Who would have thought garments could be so destructive? The fashion industry must change now, but will we manage in time? Join Mike Schragger, founder of the Sustainable Fashion Academy, as he explores the challenges, incentives and disincentives and emerging solutions needed to rapidly transform the industry. Listen in as he talks with the business leaders, activists, researchers, innovators and entrepreneurs, investors, legislators, consumers and citizens - who are racing against the clock to find solutions that will transform the industry, thus ensuring it truly operates for the benefit of people and the planet. www.sustainablefashionacademy.org/podcasts/big-closets-small-planet

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THOUGHT LEADERSHIP: Sustainable investment expert Sasja Beslik thinks the fashion industry is a very poor performer and possibly a stranded asset.

THOUGHT LEADERSHIP: Sustainable investment expert Sasja Beslik thinks the fashion industry is a very poor performer and possibly a stranded asset.

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