“With the Fashion Pact, some leading players in the fashion and textile sector are joining forces for the first time to launch an unprecedented movement.”
Fashion giants like Burberry, Chanel, Giorgio Armani, Stella McCartney, and 28 other companies, have launched a new sustainability initiative called the Fashion Pact.
Last week, they signed the ‘Pact’ in order to work together to mitigate the impact of the fashion industry on the environment. The group will be led by French luxury fashion house Kering.
Kering (@KeringGroup) Chairman and CEO Francois-Henri Pinault launched the Pact officially to the heads of the G7, who met over the weekend (24-26 August).
The Fashion Pact’s objectives draw on the Science-Based Targets (SBT) initiative – a partnership between CDP, UN Global Compact, the World Resources Institute and WWF.
The initiative focuses on three main commitments which include stopping global warming, restoring biodiversity and protecting the oceans. In relation to the latter, the fashion companies want to reduce the industry’s negative impact on the world’s oceans through practical initiatives, such as gradually removing the usage of single-use plastics. They are designed to be embraced by every company involved and backed by cross-sector initiatives, along with the deployment of innovation accelerators.
In a statement, Kering said private companies and nation states have an essential role to play in protecting the plant. “With the Fashion Pact, some leading players in the fashion and textile sector are joining forces for the first time to launch an unprecedented movement.
“A collective endeavour by its nature, the Fashion Pact is open to any company that wants to help to fundamentally transform the practices of the fashion and textile industry, and to meet the environmental challenges of our century.”
The initiative started to take shape back in April when French President Emmanuel Macron had given Pinault a mission to bring together the leading players in fashion and textiles, with the aim of setting practical objectives for reducing the environmental impact
The companies that have signed up to the Pack include: Adidas, Bestseller, Burberry, Capri Holdings Limited, Carrefour, Chanel, Ermenegildo Zegna, Everybody & Everyone, Fashion3, Fung Group, Galeries Lafayette, Gap Inc., Giorgio Armani, H&M Group, Hermes, Inditex, Karl Lagerfeld, Kering, La Redoute, Matchesfashion.Com, Moncler, Nike, Nordstrom, Prada Group, Puma, PVH Corp., Ralph Lauren, Ruyi, Salvatore Ferragamo, Selfridges Group, Stella McCartney, Tapestry.