The fashion industry is making a pact for a sustainable future
The fashion industry is known as the second most wasteful industry in the world behind the oil industry but one pact is hoping to change the future of the fashion industry. The Fashion Pact is an initiative for a sustainable future for the fashion industry with over 60 signators and 200 brands within 14 countries that are committing to focusing on utilizing more sustainable practices.
This initiative was created by fashion chief executives calling to transform the industry to be ecologically responsible so the fashion industry thrives. The first year of the pact will focus on transparency and cooperation while developing shared standards while starting the implementation of action plans.
We are proud to release The Fashion Pact’s Progress Report – One year after its creation, The Fashion Pact’s signatories have identified first tangible targets and have established a way of working together.
Click here to view the full report: https://t.co/taHV0E862K pic.twitter.com/HSBBsGMpFd— The Fashion Pact (@TheFashionPact) October 13, 2020
The Fashion Pact is already demonstrating reduced reliance on harmful or unnecessary plastic and increased use of renewable energy. The multi-sector collaboration will help the fashion industry adapt to using more sustainable practices to transform all parties in the fashion industry including communities, companies, consumers, and employees.
The first year of the Fashion Pact will focus on an agenda with three pillars including climate, biodiversity, and oceans. These pillars represent that actions and targets to scale sustainability in the fashion industry.
The climate pillar will be implemented on the principles of the UN Charter for Climate Action to achieve net-zero by 2050. The goal of the climate pillar by 2025 is to lower climate impact with 25% of key raw materials and by 2030 using 100% renewable energy for operations.
“The Fashion Pact,” one year on— Elie Inoue studies the progress of the mission launched by the financial pillars of the fashion industry: https://t.co/MBYg47fmlI #TheFashionPact #Kering
— TOKION (@TOKiON_jp) December 17, 2020
The overall goal for the ocean pillar is to reduce the negative impact on the ocean environment caused by the fashion industry. The ocean pillar goal for 2025 includes the elimination of unnecessary and problematic plastics in B2C packaging including B2B by 2030. Another goal for 2030 is creating a system to ensure nearly half of all plastic packaging is made of 100% recycled packaging.
The biodiversity pillar addresses implementing and developing strategies as well as science-based trajectories for nature. This pillar will focus on developing individual biodiversity blueprints by 2020 and support sustainable forest management as well as zero deforestation by 2025.
These are some of the initial goals of the Fashion Pact that will also work towards developing additional initiatives to further progress the mission of creating a sustainable fashion industry.
