Sustainability consultancy Eco-Age has announced its closure after facing financial difficulties exacerbated by criminal activities. Livia Firth, the company’s founder, expressed her sorrow on social media, stating, “Tragically, the business was targeted by criminals, and despite our best efforts, we have been unable to recover financially from the impact.”
Eco-Age was established 17 years ago and became a key player in the fashion industry’s sustainability efforts. Throughout its operational years, the consultancy advised major brands and industry groups on various sustainable practices and campaigns. It was well-respected for its innovative approach to sustainability, often setting benchmarks within the fashion sector.
The closure of Eco-Age highlights a broader challenge within the sustainability consultancy landscape—financial vulnerabilities tied to external factors. Despite increasing demand for ethical products and services, consultancies like Eco-Age may struggle with unforeseen operational hurdles, including criminal threats that can lead to significant financial losses.
As the industry rallies around sustainability initiatives, the story of Eco-Age serves as a critical reminder of the obstacles faced by firms dedicated to ethical transformation. The resilience of such companies will be tested amidst the evolving landscape of fashion and consulting. For stakeholders, this also underscores the need for robust cybersecurity measures to protect both brand integrity and financial health.