Nest has created a global platform for supporting artisanal businesses. With the help of Bloomberg Philanthropies, Nest instructs family-scale enterprises by replicating its specialized training programs. By employing new technology and skilled volunteers, Nest provides small companies with the technical know-how to boost their incomes and support their communities.
Nest was also responsible for introducing the first industry-wide Ethical Compliance Standards for production undertaken outside a conventional large-scale factory environment. Nest partnered with Bloomberg Philanthropies and eight retail brands to pilot these standards with 11,000 artisans, launching this effort at the United Nations. Nest’s standards protect and train artisans and homeworkers in the fashion and design industries, ultimately leading to greater economic sustainability worldwide.
Released in May 2019, Nest’s State of the Handworker Economy report provides data on small to medium-sized artisanal enterprises, homeworkers, and the craft economy. A significant source of employment for women in particular, this market reached $526.5 billion in 2017 – and is expected to reach $984.8 billion by 2023.
Since 2014, Nest has reached more than 250,000 workers in more than 115 countries, while artisans increased their incomes over the minimum wage by 108%.