In April 2019, ahead of the G7 meeting, French president Emmanuel Macron gave François-Henri Pinault, Chairman and Chief Executive Officer of Kering, 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.
It has now been revealed to heads of state during the G7 meeting in the French city of Biarritz, that 32 leading companies (and roughly 150 brands) 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.
The Fashion Pact goals are based on Science-Based Targets (STB) and focus on three key areas for saving the planet: stop global warming by creating and taking steps to achieve zero greenhouse gas emissions by 2050; restore biodiversity by safeguarding natural ecosystems; and reduce the fashion industry’s impact on the oceans through practical measures like gradually curtailing the use of single-use plastics.
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 and Tapestry.