G7 Fashion Pact
Climate change was the central focus at the G7 Summit held in Biarritz, France, on August 2019. Just before the summit, President Macron unveiled the industry-wide fashion pact by bringing together some of the current initiatives, together with 32 major fashion brands and aligning sustainable development goals.
The agreement focused on three goals/pillars:
1. Climate, 2. Biodiversity, and 3. Oceans (mainly plastic pollution) and aims to be adopted by 20% of the global fashion industry. These commitments also includes numerical targets to reach 100% renewable energy in-house by 2030. Currently, "Circular Economy" is listed as a methodology for achieving these three goals. Great efforts have already begun to achieve these goals by changing the fashion industry from a linear economy to a circular economy.
Japanese companies like Fast Retailing (UNIQLO) is said to participate in this initiative as well. These are some of the companies that are engaged in the pact and the number of brands participating are increaseing: Kering (Gucci, Yves Saint Laurent, Balenciaga, etc.), Stella McCartney, Burberry, Chanel, Prada, H&M, Gap, Inditex (Zara, Mango, Bershka, etc.), Nike, Adidas, Puma, Nordstrom, PVH (Calvin Klein, Tommy Hilfiger etc.)