H&M Group CEO Helena Helmersson (PC: H&M Group)
Helena Helmersson, CEO of H&M Group has been appointed the Co-Chair of the global CEO-led industry initiative The Fashion Pact succeeding its co-founder, Kering’s Chairman and CEO François-Henri Pinault. The Fashion Pact represents one third of the global fashion industry and is committed to mitigating the impact of climate change, restoring biodiversity and protecting the oceans. The initiative brings together CEOs and senior leaders to accelerate joint action, from suppliers to retailers, and in its next phase, it will go deeper into the value chain.
“I am proud and humbled to take on the role as Co-chair of The Fashion Pact and to collectively move our industry closer to a sustainable future. In today’s urgent climate context, we need to work together to tackle challenges that one company alone can’t solve. Now is the time to build on the great progress that has been achieved so far and accelerate emission reduction and decarbonisation activity deeper down the value chain. It is only by coming together we can create real change, and The Fashion Pact’s unique collective power has the ability to accelerate our actions together,” Helmersson said.
Helmersson, Co-Chair Paul Polman and Executive Director & Secretary General Eva von Alvensleben, alongside CEO members will continue to build on The Fashion Pact’s strong progress to deliver its goals and ambitions around climate, biodiversity and oceans.
Efforts will build on The Fashion Pact’s since it was founded in 2020, including accelerating renewable electricity adoption by creating a first-of-its kind Collective Virtual Power Purchase Agreement (CVPPA) in the fashion industry. This project will add over 100,000 MWh per year of new renewable electricity generation to the grid. Setting an industry biodiversity baseline for companies to measure their impact on nature and enabling the creation of biodiversity strategies. This has resulted in over half of The Fashion Pact members developing actionable strategies. Improving sourcing pathways and integrating more sustainable materials directly into supply chains.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha B / 
The Ministry of Industry and Advanced Technology (MoIAT) in cooperation with Lulu
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
/ 
During her SOLOx session at the IMAGES RetailME Awards 2024, Mrunal Khimji,
From being one of the first retailers in Dubai to ban single-use
Founded in 2007 by Kim Thompson and Matt Toogood, UAE-based RAW Coffee
Aligned with the principles of ‘slow fashion’ UAE-based homegrown brand Ryokō Bags
US-based company SAMBAZON, an acronym for ‘Sustainable Management of the Brazilian Amazon’,
Kuwait-headquartered regional retail conglomerate Alshaya Group’s sustainability strategy is centred around three
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
Almost 70% of MENA-based organisations claim to have bold sustainability ambitions with
UAE-based diversified business GMG launched its sustainability report sharing insights on its
From ethical and local sourcing to adopting cutting-edge technologies to curb food
Among several others, three key factors have fuelled the growth of homegrown
Previous Article
