Lifestyle Style Elizabeth Banks Re-Wears Gown from 2004 Oscars Party to Same Event in 2020: 'It Fits...So Why Not' The actress and director wanted "to bring global awareness to the importance of sustainability in fashion and consumerism" By Julie Mazziotta Julie Mazziotta Twitter Julie Mazziotta is the Sports Editor at PEOPLE, covering everything from the NFL to tennis to Simone Biles and Tom Brady. She was previously an Associate Editor for the Health vertical for six years, and prior to joining PEOPLE worked at Health Magazine. When not covering professional athletes, Julie spends her time as a (very) amateur athlete, training for marathons, long bike trips and hikes. People Editorial Guidelines Published on February 9, 2020 11:04 PM Share Tweet Pin Email For Elizabeth Banks, Oscars fashion only gets better with time. In 2004, the actress and director wore a strappy red Badgley Mischka gown to the annual Vanity Fair Oscars Party. Rather than picking out another new dress for the same event in 2020, Banks decided to ask her stylists, Wendy and Nicole Ferreira, to re-work her old gown to help her promote sustainability in fashion. “It’s gorgeous and it fits…so why not wear it again?!” Banks asked on Instagram. “Proud to wear my @badgleymischka dress that I first wore to @vanityfair #oscars party in 2004, re-imagined with @wendiandnicole, to bring global awareness to the importance of sustainability in fashion and consumerism as it relates to climate change, production & consumption, ocean pollution, labor & women.” Banks said she came up with the look with the help of two foundations: RAD, or Red Carpet Advocacy, a group dedicated to helping actors use their platform on the red carpet to advocate for important causes; and the New Standard Institute, aimed at making fashion brands more sustainable. Jon Kopaloff/FilmMagic; Taylor Hill/FilmMagic “Thrilled to partner again with @radvocacy in support of @nsifashion2030, which helps brands draw down their carbon use and achieve measurable sustainability targets,” she added. Sixteen year ago, she wore the plunging gown with an updo and drop earrings; for this go-around, Banks wore a pearl and diamond necklace by Irene Neuwirth. “@elizabethbanks, you look like a dream in my jewels,” Neuwirth posted on Instagram. The 92nd Annual Academy Awards are airing live on ABC from the Dolby Theatre in Hollywood on Feb. 9.