Canadian luxury retailer Holt Renfrew is stepping up its commitment to sustainability with the signing of the G7 Fashion Pact, alongside other major fashion players like Chanel, Gucci and Adidas.
The pact, which was presented to heads of states at the Biarritz G7 Summit in August, outlines three main areas that the fashion industry needs to take action on: climate, biodiversity and oceans. These objectives will use science-based targets (SBTs) to define and set goals for change, including the implementation of 100 percent renewable energy across the entire supply chain by 2030.
Holt Renfrew, along with its four sister companies (Selfridges & Co, De Bijenkorf, Brown Thomas and Arnotts), have joined 32 other industry signatories promising to work towards achieving sustainability targets. Together, this group represents about 150 brands including Nike and Zara.
(See the entire list of brands here.)
“This unique movement highlights the impact brands and retailers can make if they join forces and commit to positive change through responsible business practices, innovation, and collaboration,” said Holt Renfrew president Mario Grauso in a press release. “This is an important milestone for our industry as we, along with our sister companies, work towards delivering on the key objectives outlined in the Fashion Pact.”
The retailer has already been taking steps towards minimizing its environmental impacts, such as working on eliminating single-use plastics and the H Project, a curated line of socially-responsible products.