{"id":17934,"date":"2014-09-15T11:26:48","date_gmt":"2014-09-15T15:26:48","guid":{"rendered":"http:\/\/wordpress-367309-1145705.cloudwaysapps.com\/?p=17934"},"modified":"2014-09-15T11:26:48","modified_gmt":"2014-09-15T15:26:48","slug":"tau-transformational-fund-address-garment-factory-conditions-se-asia","status":"publish","type":"post","link":"https:\/\/sustainablog.org\/articles\/tau-transformational-fund-address-garment-factory-conditions-se-asia\/","title":{"rendered":"TAU Transformational Fund to Address Garment Factory Conditions in SE Asia"},"content":{"rendered":"
<\/a><\/p>\n It\u2019s been awhile since I shared with you happenings in the sustainable fashion industry. And one of the biggest headlines of the summer was TAU Investment Management\u2019s announcement<\/a>\u00a0that it plans to invest millions to improve and\/or upgrade apparel and textile supply chains. This is hopeful news in response to last year\u2019s tragic loss of workers\u2019 lives in garment factories<\/a>. Activists, garment factory owners, and families demanded some changes be made, and TAU responded.<\/p>\n The private equity firm\u2019s senior strategic advisor, Dr. James Gifford, told those of us attending the Ethical Fashion Forum\u2019s SOURCE<\/a> webinar which steps are being taken to “transform” mid-level factories throughout Southeast Asia\u2014including Vietnam, Cambodia, Bangladesh and Indonesia. The company will tap into its “Transformation Fund” to spend between $15 to 40 million per factory to overcome social, environmental and efficiency challenges. Continue reading to learn at least six ways TAU is hoping their investments will benefit some of the industry\u2019s top suppliers.<\/p>\n Cool Fact: Tau is the 19<\/i>th<\/i><\/sup> letter of the Greek alphabet and symbolizes life and\/or resurrection.<\/i><\/p>\n Unfortunately, the fashion industry has gained a reputation of not being so “friendly” to its employees or the environment. Yet, optimists like Dr. James believe this is an “inflection turning point,” and it\u2019s time we resolve past mistakes. Here\u2019s what TAU doing to lead the charge:<\/p>\n The bottom line is fashion brands need suppliers to produce their garments. Suppliers need investors with strategies in place to help them create clothing that doesn’t harm people or the environment.<\/p>\n What other changes do you think need to be made to improve fashion\u2019s supply chains? I\u2019d love to hear from you.<\/p>\n Image credit:<\/strong> ILO in Asia and the Pacific at Flickr<\/a> cc<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" TAU Investment management is investing millions in Southeast Asian garment factory sustainability & safety after deadly disasters last years.<\/p>\n","protected":false},"author":125,"featured_media":17936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,13],"tags":[1838,7223,7226,7224,404,518,2564,4578,7222,7225,7227,1848],"yoast_head":"\nBig Returns on Small Investments<\/h3>\n
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