A new life for fashion
SDA Bocconi Insight - Zoom On
During the G7 held in Biarritz in August 2019, 32 fashion companies signed the “Fashion Pact,” an important statement pledging to gradually align the entire sector with the UN’s Sustainable Development Goals (SDGs). The agreement focused primarily on three gaps, relating to the environment, biodiversity and the climate. Since then, the number of signatory companies has risen to 60, and the calls to action have proliferated, demanding traceability and transparency to realize more sustainable, circular fashion. The industry as a whole has been in a frenzy for years: the social and environmental challenges outlined in the pact make it difficult to envisage the future of fashion without a radical transformation of the underlying business models.
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