Fashion Pact Aligns with Paris Agreement, Mandating Carbon Targets for Signatories
What happened
The Fashion Pact formally aligned with the Paris Agreement, requiring signatories to set and maintain science-based carbon emissions reduction targets. Chanel SAS was named co-chair of the initiative, serving alongside Inditex chief executive officer Óscar García Maceiras and Paul Polman. The Pact currently includes over 50 brands, including Burberry and Ralph Lauren.
From wwd.com
Why it matters
The formal alignment intensifies the pressure on the fashion industry to meet strict environmental goals. This requires signatories to implement operational changes and increase sustainability efforts to comply with the Paris Agreement, which is governed by the United Nations Framework Convention on Climate Change.
From wwd.com
Who's involved
- ChanelChanel SAS, which was named co-chair of The Fashion Pact.
- BurberryBurberry, which is one of the brands represented by The Fashion Pact.
- Paris AgreementThe international agreement that The Fashion Pact formally aligned with.
- InditexInditex, whose chief executive officer serves on the Pact's steering committee.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
Keep exploring
The entities involved
-
Chanel
fashion brand
-
Burberry
English fashion company
-
Paris Agreement
international agreement from 12 December 2015 within the United Nations Framework Convention on Climate Change (UNFCCC) dealing with greenhouse gas emissions mitigation, adaptation and finance starting in the year 2020