The 2019 G7 Summitâ€”held in Biarritz, France from August 24-August 26â€”included meetings and events focused on climate action, trade and inequality. Here’s a summary of Summit events and statements impacting fashion and fashion tech.
Climate Action. French President Emmanuel Macron placed climate change and biodiversity protection as key issues for the summit. Ahead of the G7 summit, luxury brands and retailers committed to a new environmental Fashion Pactâ€”with goals to stop global warming, restore biodiversity and protect the oceans. On Monday, August 26, G7 leaders agreed to fund $20 million to help Amazon countries fighting wildfires and to protect the rainforest.
World Trade. The G7 leaders issued a statement on world tradeâ€”with a commitment to â€śopen and fair world trade and to the stability of the global economy.â€ť The statement also noted the importance of intellectual property (IP) protection and the elimination of unfair trade practices, as designers and fashion tech entrepreneurs continue to face IP challenges while promoting and scaling their brands.
Inequality. The G7 leaders discussed taking action to eliminate gender inequality and foster economic empowerment for women. Like many sectors and governments worldwide, the fashion industry continues to face challenges of building inclusive teams that reflect the real diversity of their followers and consumers. While the fashion industry has made some progress in terms of inclusivity for models and designers, there is still much work to do for women and talent of color working in legal and other positions of power.