A Triple Win: Creating Financial Value for Water through Nexus Application in the Textile Industry
The textile industry is the world’s 4th largest industrial water user, and 2nd largest industrial water polluter. The industry is expected to grow from USD 500 billion today to about USD 1 trillion by 2020, due to growing purchasing power coupled with changes in consumer behavior. At the same time, the industry’s production costs are rising due to more stringent enforcement of laws and regulations in production countries.
In order to create a “triple win” for business, society and the environment, three Swedish fashion brands (Indiska, KappAhl and Lindex) joined forces with SIWI to improve and sustain water use effeciency in production processes at 35 Indian suppliers and sub-suppliers. The model uses energy and chemicals as proxies to set financial values to water savings. This resulted in an average 765% ROI for investements made by suppliers in the project’s first year associated with a 6.6% total water saving.
During this event, SIWI and partners will share experiences from SWAR but also announce a scale-up in up to 5 production countries, involving 20+ Swedish brands and hundreds of suppliers.
Venue: Side event at the 2014 World Water Week in Stockholm
12:45 Welcome Remarks by SIWI and Fashion Brands Indiska, KappAhl and Lindex
13:00 Water and Energy Integration in Indian Textile Industries
Mr. Pawan Mehra, cKinetics
13:15 Scaling-up Success: Building the Case for the Swedish Textile Industry
Mr. Rami Abdelrahman, SIWI
13:45 Close of Side Event