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, 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 the fashion industry.
Carlo Mazzi, Chairman of Prada spa, invited today at the Elysée Palace by French President Emmanuel Macron, has declared:
"Our participation to the Fashion Pact initiative is a natural progression of the Prada Group commitment in sustainability, a path made of various projects in the environmental, cultural and social sphere.
From now on, the possibility to target these goals together with other important fashion companies represents a concrete hope for a sustainable development that nobody could reach all alone."
In a historic move, a coalition of 32 leading companies from the fashion and textile industry have given themselves a set of shared objectives in the form of a Fashion Pact.
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 S.p.a., Puma, PVH Corp., Ralph Lauren, Ruyi, Salvatore Ferragamo, Selfridges Group, Stella McCartney, Tapestry.
The Fashion Pact’s objectives draw on the Science-Based Targets (SBT) initiative, which focuses on action in three essential areas for safeguarding the planet: