Family Van Puijenbroek has a long history in the Dutch textile industry producing workwear for more than 155 years.
We have (direct and indirect) investments in:
- Development of workwear and protective wear
- Software platform development for second hand markets
- Development of 3D virtual product models
- Sustainable yarns and fabrics
The textile sector is growing, but unfortunately the negative ecological and social effects are still large, especially in terms of CO2 emissions, water consumption, chemical use and poor living conditions. The textile sector employs 60 to 75 million people worldwide and needs more investments to create more sustainable progress.
The following key challenges are defined by Sinzer:
In the textile sector, VP Capital's ambition is to invest in these sustainable solutions:
- Invest in textile production that reduces input of resources and responsibly manages its footprint.
- Textile production that safeguards and improves working conditions of its labour force.
- Invest in textile production that addresses the challenge of overconsumption and excess waste in the industry.
- Textile production that ensures significant reduction of water use.
We also have the ambition to make donations that contribute to the following solutions:
- NGOs that address the challenges regarding human rights related to the labour intensity and hazards of the textile industry, and the use of children herein.
- Organisations that promote responsible consumer behaviour with regard to textiles.
- Organisations that promote the repurposing and re-use of fabrics, in order to contribute to the circularity of this industry and diminish the amount of waste it produces.
Domain report Textile
For each of our investment domains, a more detailed report on key challenges, investable solutions and investment criteria has been made.
View the report of our Textile investment domain here.
Sustainable progress within the textile domain
With VP Capital, we want to contribute to sustainable progress. We screen our investment portfolio in terms of ESG and Impact. Read more about this in our Progress Report via the button below.
Read more about the different challenges below:
The industry’s reliance on non-renewables
In 2015 the textile industry was responsible for 1.2 billion tonnes of CO2-equivalents. Estimates are that the industry’s oil consumption will rise to 300 million tonnes of oil by 2050, the industry’s share of the carbon budget will amount up to 26%, This is because in every aspect of the industry’s production process is reliant on non-renewable resources. The industry heavily relies on oil, estimates are that in 2015 the industry’s consumption of oil was 98 million tonnes. Cotton heavily relies on fertilizers to grow. Chemicals are used in the production of dyes, as well as the finishing of the fibers and textiles.
Inefficient use of resources, massive waste and pollution
At this moment the produced clothing is heavily underutilized. Only 1% of the produced clothing is recycled after use. This amounts to a loss of more than €100 billion worth of materials each year. After use 73% of the textiles end up in landfill or incineration. Due to leaks of microfibers in the environment 0,5 million tonnes of microfibers are leaked into the ocean, with negative environmental and health impacts as a result. By 2050 the industry will be responsible for 22 million tonnes of microfibers and plastics leaked into the ocean.
Negative social impacts
Many textile industry employees in developing countries work under poor conditions. Important social issues are child labour, low wages, forced or trafficked labour, health and safety risks, and local degradation of environmental resources communities depend on leading to negative health outcomes and social unrest.
Industry and consumer awareness
In recent years awareness has grown among consumers and throughout industry about the negative social and environmental impacts. Efforts are being taken in mitigating these impacts. However, these seem to focus on mitigating the impacts within the current linear system, instead of tackling the systemic challenges that lie underneath the industry’s wasteful nature.