The seven sustainability priorities for fashion CEOs
On 27 March 2018 Global Fashion Agenda (the organization behind Copenhagen Fashion Summit) proudly released the first-ever CEO Agenda for the fashion industry, which spells out the seven most crucial sustainability priorities for fashion CEOs in 2018.
The complexity and urgency of sustainability were already acknowledged by most fashion industry executives. However, half of the industry had not yet taken any action and seemed hesitant about doing so.
Now, for the first time, key players from the industry have joined forces and agree on the most important challenges for the industry to tackle together.
“Our aim is that this document can actually help any CEO in the industry gain more clarity and prioritize what they should spend their efforts on,” said Eva Kruse, CEO and president of Global Fashion Agenda in an interview to the Business of Fashion (BoF).
The CEO Agenda consists of three core priorities for immediate implementation and four transitional priorities for fundamental change. The three core priorities are the immediate implementation of supply chain traceability; efficient use of water, energy and chemicals; and respectful and secure work environments. The four transitional priorities are a sustainable material mix; a closed-loop fashion system; the promotion of better wage systems; and supply chain digitization (also referred to as the ‘fourth industrial revolution’).
Dorthe Scherling Nielsen, Head of Corporate Affairs, BESTSELLER: “We consider the CEO Agenda an important initiative and driver for addressing challenges and opportunities collectively as an industry, as well as to inspire individual companies to take action. Working with the other Strategic Partners to provide input on the agenda has been a valuable and insightful journey, and we’ll apply many of the insights as we develop our new strategic framework for BESTSELLER.”
The CEO Agenda 2018 constitute a guiding framework for the programme of Copenhagen Fashion Summit 2018, to take place on 15-16 May.
As explained by Morten Lehmann, Chief Sustainability Officer for GFA “the idea is not to have specific commitments like we had on the 2020 Circular Fashion Commitment,” it is more about identifying key priorities and support the dialogue in the industry to move in this direction.