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Oscar Garcia Marceiras appointed new co-Chairman, Steering Committee, Fashion Pact

  

Oscar Garcia Maceiras, CEO, Inditex, has been appointed as the new co-Chairman of Fashion Pact’s Steering Committee.

Set up in 2019 by French President Emmanuel Macron and Francois-Henri Pinault, CEO, Keringat the G7 meeting in Biarritz, France, Fashion Pact aims to address the growing concernsof the fashion industry’s environmental impact. The Pact has set out broad guidelines to improve industry practices by 2050.

Currently comprising 60 names, the consortium includes sportswear brands like Adidas, Nike, Puma, Roosignol and Decathlon. It also includes budget and premium fashion retailers and groups like the Beaumanoir Group, Etam, Celio, MF Brands, Kiabi, PVH Mango, H&M and Inditex. Luxury players such as Ferragamo Armani, ErmenegildoZegna, Chloe, Tapestry, Burberry, Prada and Kering are also a part of this consortium..

Focusing on shared tools and common benchmarks with regards to issues like fighting and climate change, Fashion Pact also aims to preserve biodiversity and safeguard the oceans. However, the regulation’s pledges are considered vague by critics as they lack binding commitments by Fashion Pact’s members with their actions not being transparent enough.

 
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