Friday, March 22, 2019
Kering Signs UN Fashion Charter For Climate Action
As a founding signatory, Kering committed to the Fashion Industry Charter for Climate Action launched during COP24 today. The Charter is a milestone achievement bringing together leading fashion brands, retailers, suppliers, shipping companies and other stakeholders to collectively address the climate impact of the fashion sector across its entire value chain.
Aligned with the goals of the Paris Agreement, 16 key principles and targets underpin the Charter ranging from decarbonization of the production phase, climate friendly and sustainable materials, low-carbon transport, improved consumer dialogue and awareness, working with the financial community and policymakers to catalyze scalable solutions, and exploring circular business models. Already the signatories have set an initial target to reduce their aggregate greenhouse gas emissions by 30 percent by 2030 and have defined concrete measures, such as phasing out coal-fired boilers or other sources of coal-fired heat and power generation in their own companies and direct suppliers from 2025.
“We are proud to be one of the Charter’s founding signatories and at Kering we are conscious that this type of collaboration is imperative to create real, lasting change,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs at Kering. “I truly hope this momentum will inspire our Luxury and fashion peers to sign up”, she added.
“The fashion industry is always two steps ahead when it comes to defining world culture, so I am pleased to see it now also leading the way in terms of climate action”, said UN Climate Change Executive Secretary Patricia Espinosa. “I congratulate the signatories of this important charter, which represents a unique commitment and collaboration from an array of fashion leaders. The Charter, like the renowned fashion runways of the world, sets an example that I hope others will follow.”