The Hollywood Reporter/ Ingrid Schmidt/ August 23, 2019
In April, French president Emmanuel Macron tapped Kering CEO Francois-Henri Pinault (known for his leadership on sustainable business practices) to helm sustainability goals for leaders in the fashion and textile market in an effort to create â€śpractical objectives for reducing the environmental impact of their industry,â€ť according to a statement from Kering. The French luxury conglomerateâ€™s stable of fashion brands includes Gucci, Saint Laurent, Balenciaga and Alexander McQueen.
Ahead of this weekendâ€™s G7 summit in Biarritz, France from Saturday, Aug. 24 through Monday, Aug. 26, Macron invited Pinault and representatives of 32 global fashion companies (representing 150 brands) that have signed the Fashion Pact so far to the Elysee Palace on Friday. Also on hand were the French ministers of labour, economy and finance and ecological and solidary transition, as well as Keringâ€™s chief sustainability officer Marie-Claire Daveu.
The Fashion Pact’s three key goals are 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.
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