The Fashion Pact, a coalition launched in
'As environmental and social priorities rise to the forefront of industry agendas, initiatives like the Fashion Pact help drive positive change through collaboration. Coming at this from a unified, collective position at this scale shows how serious the fashion industry is about working together,' Chirico said.
To measure progress and drive meaningful action, the Fashion Pact is committed to reporting its progress, and has established a digital dashboard of key performance indicators (KPIs). The Fashion Pact: One Year Later presented an opportunity for CEO representatives of the pact to share and discuss progress to date during CFS+ - a key event on the sustainable fashion calendar.
On behalf of the Fashion Pact, Chirico highlighted three established actions taken with respect to the climate pillar:
Alignment with the existing UN Fashion Charter, which sets the bar for driving corporate actions that are consistent to achieve net-zero emissions by 2050, including implementing science-based targets and reducing emissions by 30%.
Sourcing more sustainable materials, specifically achieving 25% sourcing of low impact raw materials.
Transitioning to renewable energy, with members committing to 50% renewable energy by 2025, and 100% by 2030, across their operations.
Speaking to the value of reporting both successful progress and opportunities for improvement, Chirico observed 'Given my financial and operational background, for me, everything needs to be measured if you're going to have success. It's an essential part of demonstrating we are serious about what we are undertaking and this is not just public relations.' He then added, 'We must set tangible, results orientated targets, and continuously disclose progress using consistent reporting frameworks. The key is transparency.'
Also representing PVH at this year's CFS+, Senior Vice President of Corporate Responsibility
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