Swedish fashion chains KappAhl, Hennes & Mauritz (H&M) and Peak Performance have joined forces under the Swedish Textile Initiative for Climate Action (STICA), committing to reduce their climate impact by 30% by 2030.
The initiative supports the new United Nation’s Fashion Industry Charter on Climate Action, and will help the Swedish fashion and textile industry meet its goals by creating a platform for knowledge sharing, collaboration and reporting.
Go deeper with GlobalData
STICA’s first task will be to assess the climate impact of its members, before creating action plans where they can work together to share knowledge and implement solutions. It will also report on progress in order to allow all stakeholders to follow developments.
The initiative’s vision is that the Sweden’s fashion and textile industry shall lead the way and be climate-positive well before 2050. It is inviting other Swedish textile companies of all sizes to join the collaborative initiative in order to reduce their greenhouse gas emissions and drive industry innovation.
“To tackle the climate impact stemming from our value chain we need joint efforts and clear goals,” says Fredrika Klarén, head of sustainability at KappAhl. “We want to create support for the entire Swedish textile industry, both small and large enterprises, in taking climate action. We want to ensure Sweden leads the way and that the Swedish textile industry becomes climate positive well before 2050.”
See Also:
Felicia Reuterswaerd, head of sustainability at H&M Sweden, says the company’s vision is to use its size and scale to lead the change towards a circular and renewable fashion industry, but says no company or organisation can tackle those challenges alone. “Together with the industry, stakeholders and business partners we can make a sustainable difference,” she says.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe Fashion Industry Charter on Climate Action will be launched next week during COP24 – the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change.
