As reported by Vogue Business, 32 major fashion companies – representing almost 150 brands – signed a “Fashion Pact” to combat climate change at the 45th annual G7 summit, last week.
Requested by French President Emmanuel Macron and helmed by Kering chairman and CEO François-Henri Pinault, the pact “marks a rare coming together of luxury and mass-market labels” with companies ranging from Chanel and Kering to Inditex and Gap participating.
According to the story, the brands have pledged to take “all possible measures to reduce carbon emissions by 2050, seek out sustainable sourcing of major raw materials and use 100 [percent] renewable energy for key manufacturing processes throughout their supply chain.” They’ve also agreed to regular audits to help keep everything on the level.
Additionally — and perhaps more importantly, for anyone into the ocean as a concept — the 32 companies also agreed to “eliminate single-use plastic by 2030, invest in eliminating [microfiber] pollution and support moves to control the release of plastic pallets in their [fibers] and packaging.”
Even with the high-profile announcement and broad participation, however, Marie-Claire Daveu, Kering’s chief sustainability officer, still acknowledged that “the most important challenge is to be sure that the Fashion Pact will become a reality” noting that it was “key to define quantitative targets with a specific deadline and work together to achieve them.”
“When you are speaking on these subjects, you have to admit that you need time,” she told Vogue. “But I’m really convinced that when you present a powerful group, you can change things and we hope to have other companies join us… It’s a starting point, not the end of the story.”
You can read more about it at Vogue Business.