The Copenhagen Fashion Summit is becoming a yearly event and has launched a new year-round initiative, the Global Fashion Agenda, with strategic partners Kering, Hennes & Mauritz AB, Target and the Sustainable Apparel Coalition, organizers said.
“We have carefully selected the strategic partners due to their explicit commitment to create positive change and thus their ability to push the industry towards a more sustainable future,” said Eva Kruse, chief executive officer and president of Global Fashion Agenda and Copenhagen Fashion Summit.
“They will come together to openly share their strategic priorities and expertise and provide thought leadership on what it takes to drive intelligent progress in the industry,” she said.
Global Fashion Agenda has stated its mission as mobilizing the international fashion industry to transform the way clothing is produced and consumed. The four strategic partners were chosen to represent the luxury, high street and mass-market segments.
The initiative plans to create a platform to share and promote industry standards such as the Higg Index designed by the Sustainable Apparel Coalition, an alliance for sustainable production. The tool helps brands, retailers and facilities of all sizes to measure their environmental and social and labor impacts and identify areas for improvement.
Global Fashion Agenda will work with its strategic partners on developing yearly recommendations that will be put forward to the entire industry.
In a separate statement, Kering said it plans to share its sustainability expertise and lessons learned within its brands during the fifth edition of the summit, to be held on May 11 at the Copenhagen Concert Hall under the patronage of Crown Princess Mary of Denmark. The meeting, organized by the Danish Fashion Institute on behalf of the Nordic Fashion Association, was previously biannual.
Kering, which owns brands including Gucci, Bottega Veneta, Saint Laurent, Stella McCartney, Puma and Boucheron, last month revealed the second phase of its sustainability strategy, to run through 2025, a three-pillar plan targeting environmental impact, social aspects and innovation. The program includes a target to reduce the group’s environmental footprint by 40 percent, from a 2015 base, by 2025.
“More than ever, I am convinced that sustainability can redefine business value and drive future growth,” stated François-Henri Pinault, chairman and chief executive officer of Kering.