CEOs urged to address climate changes as global agenda

Climate change is at the front of everyone’s mind in the fashion
industry. Non-profit organization Global Fashion Agenda announced its
annual CEO agenda for 2019 this week, in partnership with industry
leaders including Kering, the H&M Group, Nike, PVH Corp., Asos,
Target, Sustainable Apparel Coalition, Li & Fung and Bestseller.

Upon updating the CEO Agenda to reflect global developments, the 2019
agenda highlights climate change as a core priority. The Global
Fashion Agenda notes that climate change has been a target of concern
in the fashion industry, with key players working on issues such as
chemicals, circularity and equality but must also further address its
impact on climate change.

In December of 2018, Stella McCartney started a charter within the
United Nations addressing climate change, and a number of fashion
industry companies signing on, including the H&M Group, Kering, PVH
Corp, Target, Gap Inc., Adidas and Burberry.

Addressing climate change is no longer a trend

The Global Fashion Agenda released its 2019 CEO Agenda, presenting
eight sustainability priorities that it believes every fashion CEO
needs to address, “because sustainability is no longer just a trend,
it’s a business imperative.”

In its report, the organization notes statistics of the apparel
industry’s effect on the climate. According to UNFCCC, textile
production causes to 1.2 billion tons in greenhouse gas emissions
annually – more than the emissions of all international flights and
maritime shipping combined.

The Global Fashion Agenda teamed with the Boston Consulting Group
to produce a report that projects the environmental results of
sustainable investments taken by fashion brands. Called the Pulse of
the Fashion Industry 2018 report, the organization estimates that
fashion professionals can reduce their environmental footprint while
simultaneously improving their bottom line.

8 steps to sustainability

The CEO Agenda 2019 notes that climate change, along with
microfiber pollution and a growing population can affect the future
business model of the industry.

It compels fashion CEOs to prioritize eight factors to combat
climate change. These include supply chain traceability, the efficient
use of water, energy and chemicals, sustainable materials,
implementing a circular fashion system and promoting better wage
systems.

“Climate change is an unprecedented threat to people and the
planet,” said CEO and President of Global Fashion Agenda Eva Kruse in
a statement. “We know that change is not easy, but overall progress is
too slow, and we simply can’t afford to lose another year. The fashion
industry is one of the world’s largest and most powerful industries.
Therefore, we need to take leadership to secure the future of our
industry – and our planet.”

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