KUALA LUMPUR, Aug 23 -- Thirty-two global fashion and textile companies have signed the Fashion Pact, committed to achieve practical objectives in areas of climate, biodiversity and oceans.
The companies include Kering, Nike, Chanel, Ralph Lauren, Karl Lagerfeld, Puma, Salvatore Ferragamo, Giorgio Armani, H&M Group, Prada Group and Burberry.
The objectives draw on the Science-Based Targets (SBT) initiative, which focuses on stopping global warming, restoring biodiversity and protecting the oceans.
SBT initiative aims to match companies’ objectives for reducing greenhouse gas emissions with the data provided by climate science.
The Fashion Pact will be presented to heads of state during the three-day G7 meeting at Biarritz, France, beginning Aug 24.
Representatives of these companies have been invited to the Elysée Palace by French President, Emmanuel Macron.
Last April, Macron gave Kering chairman and chief executive officer, François-Henri Pinault a mission to gather leading players in fashion and textiles, with the aim of setting practical objectives to reducing the environmental impact of their industry.
The Fashion Pact is open to any company to fundamentally transform the practices of the fashion and textile industry and meet the environmental challenges of this century.
-- BERNAMA
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