Thirty-two top fashion brands and textile companies have committed to Kering’s sustainability pact.
Earlier this year, French President Emmanuel Macron asked Francois-Henri Pinault, chairman and chief executive officer of luxury conglomerate Kering, to bring together the leading players in the industry, with the aim of setting practical objectives for reducing environmental impacts.
Now, ahead of the G7 meeting at Biarritz in France over the weekend, Pinault has announced that the likes of Adidas, Burberry, Chanel, Ermenegildo Zegna, Gap Inc, Giorgio Armani, H&M Group, Hermes, Karl Lagerfeld, Moncler, Nike, Nordstrom, Puma, Ralph Lauren, Salvatore Ferragamo, Selfridges Group, and Stella McCartney had agreed to be a part of the coalition.
In addition, the so-called Fashion Pact has the backing of Capri Holdings, the parent company of Michael Kors and Versace, Inditex, parent of the Zara chain, Tommy Hilfiger and Calvin Klein’s PVH Corp., and all Kering labels, which include Gucci, Saint Laurent, Balenciaga, and Alexander McQueen.
“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 Kering representative said in a statement. “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 Fashion Pact’s objectives draw on the Science-Based Targets (SBT) initiative, which focuses on stopping global warming, restoring biodiversity and protecting the oceans.
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