The Fashion Pact unites CEOs of over 60 global leading companies from the fashion and textile industry, including sports, lifestyle and luxury as well as suppliers and retailers, committing to a common core of ambitious quantified environmental objectives that focus on three pillars; climate, biodiversity and oceans. One year since its creation, the Members have identified seven strategic tangible targets, particularly in the areas where collaborative action is needed, to scale solutions in order to achieve critical impact on a global level. “The Fashion Pact is still at the beginning of its impact. The coalition has made its first strides, including implementing an operations structure, developing a digital dashboard of KPIs to measure joint impact as well as beginning first collaborative activity on biodiversity together with the technical expertise of industry experts”, said Kering in a statement.

For climate, the Fashion Pact’s signatories have committed to the implementation of Science Based Targets (SBTs) to achieve net-zero carbon impact by 2050, such as by implementing the principles of the U.N. Fashion Charter, achieving 25% lowimpact materials sourcing by 2025, and achieving 50% renewable energy by 2025, and 100% by 2030 in their own operations. In the pillar of biodiversity, the Fashion Pact has committed to the protection of key species as well as the protection and restoration of critical natural ecosystems. The targets are achieving individual biodiversity blueprints by the end of 2020, and supporting zero deforestation and sustainable forest management by 2025. In the Oceans pillar, the first area of focus is on eliminating problematic and unnecessary plastic in packaging. Targets include the elimination of problematic and unnecessary packaging in B2C packaging by 2025 and in B2B by 2030, and to ensure that at least half of other plastic packaging in B2C is 100% recycled content by 2025, and by 2030 for B2B.

Launched during the G7 meeting in France in August 2019, members of the Fashion Pact include Kering, Chanel, Burberry, Adidas, Nordstrom, Ferragamo, Puma, Bally, Capri Holdings, Tapestry, Geox, Giorgio Armani, Mango, Inditex and H&M.