• 32 global fashion and textile companies have signed a Fashion Pact
• They have committed to achieving practical objectives together in three areas: climate, biodiversity and oceans
• Representatives of these companies have been invited today at the Elysée Palace by French President Emmanuel Macron
• The Fashion Pact will be presented to heads of state during the G7 meeting at Biarritz
PARIS-Friday 23 August 2019 [ AETOS Wire ]
(BUSINESS WIRE)--
Ahead of the G7 meeting at Biarritz from August 24-26, French President
Emmanuel Macron, accompanied by 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 the Fashion Pact by his side.
In
April 2019, ahead of the G7 meeting, Emmanuel Macron had given
François-Henri Pinault, Chairman and Chief Executive Officer of Kering
(Paris:KER), a mission to bring together the leading players in fashion
and textile, 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. 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):
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.
The Fashion Pact’s objectives draw on the Science-Based Targets (SBT1) initiative, 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 ecosystems 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 plastics.
These
commitments are designed to be embraced by every company involved and
backed by cross-sector initiatives, along with the deployment of
innovation accelerators.
Private
companies, working alongside nation states, have an essential role to
play in protecting the planet. 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 endeavor 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.
1 The
aim of the SBT initiative is to match companies’ objectives for
reducing greenhouse gas emissions with the data provided by climate
science.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190823005065/en/
Contacts
Press
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com
Emmanuelle Picard-Deyme
+33 (0)1 45 64 61 87
emmanuelle.picard-deyme@kering.com
