In April, French President Emmanuel Macron tapped Kering CEO Francois-Henri Pinault to helm sustainability goals for leaders in the fashion and textile market. He is known for his leadership on sustainable business practices. He is also supposed to create practical objectives for reducing the environmental impact of their industry. According to the statement from Kering. The French luxury conglomerate’s stable of fashion brands includes Gucci, Saint Laurent, Balenciaga and Alexander McQueen.
Before the G7 Summit which is going to happen in Biarritz, France from Saturday August 24 through Monday. Macron invited Pinault and representatives of 32 global fashion companies (representing 150 brands) that have signed the Fashion Pact so far to the Eylsee Palace on Friday. Companies like Chanel, Prada, Stella McCartney, Ralph Lauren, Hermes, Burberry, Nike, H&M Group, Gap Inc. and Nordstrom are among the brands committing to climate, biodiversity and ocean initiatives.
The Fashion Pact’s three key goals is to create a plan to achieve zero greenhouse gas emissions by 2050, to restore biodiversity by reinstating natural ecosystems and protecting species and to protect the oceans with efforts such as eliminating single-use plastics by 2030.
The apparel and footwear industries generated roughly 8.1 percent of global pollution in 2016 which translates to 3,990 million metric tons of carbon dioxide emissions. Notably missing is global luxury group LVMH Moet Hennessy and Louis Vuitton. The Stella McCartney label (formerly owned by Kering ). McCartney is a passionate vegetarian and animal rights advocate who has put her business at the forefront of sustainable, ethical fashion and at the luxury level.
“The coalition includes groups and brands in luxury, fashion, sports and lifestyle, along with supplier and retailers, all of whom are already involved in separate environmental strategies,” said the Kering statement.
“I would like to stress that this is something that seems to be quite historic — the creation of a coalition of actors in the private sector that are able to go before the G7, and its heads of state, and tell them that, separately from our government, the private sector can mobilize itself and work together,” said Daveu at today’s press conference. “I think that’s what the president had in mind and it’s an extremely strong moment.”