Is a € 5,99 for a t-shirt too cheap? Or a € 150 jeans too expensive? An increasing number of consumers wants to know more about the product they purchase while companies, civil society organisations and governments aim to reduce costs for people and the planet.
However, in the production of fashion there are many hidden costs that are not part of the price tag but are paid nonetheless – for instance by local communities (scarce water use and water pollution), by future generations (climate change) or by employees (poor working conditions, child labour and underpayment). In this context it was recently estimated that the true price gap – the additional environmental and social costs for society, on top of the purchasing price – of jeans are on average € 33.
At the same time, the prevailing opinion is that we cannot pass the bill on to people with low incomes or farmers at the beginning of the fashion value chain. A journey through the value chain can give us insight into the societal costs. Should the true price be made transparent so that business and consumer can make more sustainable choices? Or should the true price be paid and by whom? We will discuss this important issue with experts and the attendees!
Please note: This event will be in ENGLISH
Directeur en co-founder True Price & Impact Institute, Minister van de nieuwe economie
Sectorbanker Retail ABN AMRO
Economist & Moderator
Owner Fashion & Pattern Design
Materialen Expert Project Cece
Senior Consultant Corporate Responsibility MODINT
Verification and Country Manager Myanmar and Bangladesh Fairwear Foundation
Welcome & short introduction - Senna Maatoug
Framework True Price - Interview with Michel Scholte
The true price of jeans - Henk Hofstede
Meet the value chain: Material Sourcing - Design - Production - Retail - Consumer
Zooming in to solve the problem