Sustainability Report 2021

Page 56

Mitigating the Impact THE FASHION PACT HAS LAUNCHED A NEW SCIENCE-BASED INITIATIVE TO MITIGATE THE INDUSTRY’S SIZABLE ROLE IN BIODIVERSITY LOSS. JASMIN MALIK CHUA

“We are providing funds to groups that can directly trigger change at the farm-level, ultimately transitioning 1 million hectares to practices that work in harmony with nature.” - Marie-Claire Daveu, Kering

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leading climate-focused fashion agreement backed by Adidas, Chanel, H&M, Nike, Prada and Hermès has revealed a new science-based initiative to mitigate the industry’s impacts on biodiversity loss by minimizing land-use change, pollution and natural resources extraction. The Fashion Pact, a non-legally binding series of sustainability commitments launched by Kering boss François-Henri Pinault in 2019, has linked arms with environmental nonprofit Conservation International to establish “Transforming the Fashion Sector to Drive Positive Outcomes for Biodiversity, Climate and Oceans,” a project funded by a $2 million grant from the Global Environment Facility, the financing arm of the United Nations Framework Convention on Climate Change. “Conservation International is proud to partner with The Fashion Pact and its member companies to develop biodiversity strategies that conserve and restore forests and improve management of agricultural lands,” Bambi Semroc, acting senior vice president for the Center for Sustainable

Lands and Waters at Conservation International, said in a statement. “The support from the Global Environment Facility will enable us to develop regenerative approaches to agriculture supply chains, lessen the impacts of gold mining on nature and reduce carbon emissions while improving the lives of producers.” The effort, which will develop and share best practices designed to “clean [up] supply chains, improve agricultural practices, decrease deforestation and support livelihoods,” will provide a roadmap for the Fashion Pact’s 60-plus signatories to help them create “positive environmental change,” particularly across the cashmere, leather and gold supply chains. Conservation International, a Fashion Pact technical partner, will also help signatories establish “concrete” conservation targets that encourage practical action, including the development of a biodiversity strategy that encourages sustainable forest management with zero deforestation. “This pioneering program is absolutely aligned with The Fashion Pact’s conviction that we as the fashion industry need to


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