As the textile sector continues to grow, unfortunately so do its negative ecological and social effects, particularly with regards to things like carbon emissions, water consumption, use of chemicals and working conditions. The textile sector employs 60 to 75 million people worldwide and needs more investments in order to book sustainable progress. Which is why we make and will continue to make direct and indirect investments in the domain. It is also why we donate funds to initiatives that make a positive contribution towards a more sustainable textile sector.
On the left are the key challenges of the Textile domain listed. Possible solutions where our donations can make a difference:
- NGOs that focus on human rights in relation to working conditions, health and safety risks and child labour in the textile industry
- Organisations that promote responsible consumer behaviour with regards to textiles
- Organisations that stimulate the reuse and recycling of textiles to reduce waste and boost circularity production.
Interested in the Textile investment domain? Read more about it via the button below:
Together with the independent professional impact organisation Telos impact, we’ve compiled a shortlist of worthwhile causes that make a tangible contribution to overcoming key challenges to boosting the sustainability of the textile sector. The selection is based on extensive due diligence and a thorough analysis of such criteria as impact, management & governance, finance, operations and the organisation’s general action plan. This exercise is performed every year to determine which organisation or organisations make the most significant contribution.
Within the Textile domain, we have chosen to support the charity Vanhulley. Vanhulley was originally started in Groningen, but has opened a second location in the new building of our participation, HAVEP, in Goirle. HAVEP has been committed to promoting a better environment and society for many years. The collaboration with Vanhulley is an excellent addition to HAVEP's sustainable and social ambitions. Vanhulley's goals and ambitions align well with our donation policy within the Textile domain. Vanhulley is tackling the challenge of using natural resources and addressing large-scale waste within the industry.
Vanhulley offers a work-education program for women in Groningen and Goirle who are eager for an opportunity to take serious steps towards a better future. They aspire to be as independent and financially self-sufficient as possible, to be good role models for their children, and to have a social network that makes them feel connected and part of the community. In Vanhulley's studios, these women transform old workwear and other scrap textiles into fantastic products, including backpacks, tablet covers, tote bags, beanbags, and more. In the Netherlands alone, 174 kilotons of textiles are discarded in residual waste each year, which is a total waste. Vanhulley creates beautiful new products from this waste, giving old textiles a new life, and extending the life of each product for years to come. Additionally, this process helps save water and reduce CO2 emissions.Website Vanhulley
Sustainable progress through donations
As part of our annual Progress Report, we at VP Capital make a point of measuring our Sustainable Progress each year, which includes the progress made as a result of our donations.
Read the full report via the link below.