Published 4 years ago.
About a 3 minute read.
The companies have signed a Fashion Pact, committing to practical targets together in climate, biodiversity and oceans. The Pact will be presented to heads of state during the G7 meeting this weekend in Biarritz.
Ahead of the G7 meeting in Biarritz this weekend (August
24-26), French President Emmanuel Macron — along with Economy and Finance
Minister Bruno Le Maire, Minister of Labour Muriel Pénicaud, and
Deputy Minister of Ecological and Solidary Transition Brune Poirson — has
invited to the Elysée Palace representatives of the 32 fashion and textile
companies who have launched a new Fashion
by his side.
In April, ahead of the G7 meeting, Macron gave Kering Chairman and CEO
François-Henri 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 of their industry.
In a historic move, given the scale and importance of the coalition that has
been created, 32 leading companies from the fashion and textile industry have
given themselves a set of shared objectives in the form of a Fashion Pact. Led
by Kering, itself a pioneer in sustainable
the coalition includes groups and brands in Luxury, Fashion, Sports and
Lifestyle; along with suppliers and retailers, all of whom are already involved
in separate environmental strategies.
To date, the coalition comprises (in alphabetical order):
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,
Nike, Nordstrom, Prada
Group, Puma, PVH Corp., Ralph Lauren, Ruyi, Salvatore
Ferragamo, Selfridges Group, Stella McCartney and Tapestry.
The Fashion Pact’s objectives draw on the Science-Based Targets
which focuses on action in three essential areas for safeguarding the planet:
Stop global warming: by creating and deploying an action plan for
achieving the objective of zero greenhouse gas emissions by 2050, in order
to keep global warming below a 1.5°C pathway between now and 2100.
Restore biodiversity: by achieving objectives that use science-based
targets to restore natural
and protect species.
Protect the oceans: by reducing the fashion industry’s negative impact
on the world’s oceans through practical initiatives, such as gradually
removing the usage of single-use
These commitments are designed to be embraced by every company involved and
backed by cross-sector initiatives, along with the deployment of innovation
We’ve seen a growing wave of corporate activism toward sustainability, with
business leaders banding together across industries to ensure their longevity
and wellbeing, as well as that of the environment and all of their stakeholders
— just this week, 180 CEOs got together to redefine the Purpose of a
as one that promotes an ‘economy that serves all.’ With the Fashion Pact,
leading players in the fashion and textile sector are joining forces for the
first time to launch an unprecedented movement. The Fashion Pact is open to any
company that wants to help to fundamentally transform the practices of the
fashion and textile industry for the betterment of all.
Published Aug 23, 2019 3pm EDT / 12pm PDT / 8pm BST / 9pm CEST