Ratti has been invited to take part to a workshop organized by the Sustainable Luxury Academy at Politecnico of Milano, a meeting where companies and experts are brought together to join the community, to brainstorm, share and decide what must be advanced in the luxury industry to overcome some of the biggest challenges, to embrace growth, to drive collaboration and to truly embark on sustainability.
The Sustainable Luxury Academy, founded by School of Management in Politecnico di Milano, aims to bring together the most influential voices of the luxury industry to make some profound changes: collaboration and collective action plans are required on a global scale.
Following latest data from Politecnico, Fashion is the world’s second most polluting and one of the most labor-intensive industries. Around 8000 synthetic chemicals are used to turn raw materials into textiles. On the one hand, textile manufacturing pollutes approximately 200 tons of water per ton of fabric; on the other hand, it creates a substantial amount of fabric waste. Furthermore, such essential components of luxury as precious skin, leather and fur leave unavoidable footprints on climate change and biodiversity. Moreover, The International Labour Office shows that 168 million children are child labourers mainly employed by textile and garment factories.
In this global and highly competitive setting, the fashion industry, the world’s third biggest manufacturing industry after automotive and electronics manufacturing, is characterized by mature production technologies, a large number of consumers, and globally dispersed supply networks that exceed the boundaries of a single company, where multi-tier suppliers, buying firms and consumers are linked.
The Sustainable Luxury Academy aims to generate a platform allowing to exchange ideas, to seed collaborations, and to create a research agenda for a positive impact.
Ratti took part to the meeting, teeling its commitment for a more sustainable production, with a focus on the activities aiming to reduce industrial scraps.