ZIMMERMANN & THE FASHION PACT
8TH DECEMEMBER 2022
The Fashion Pact is a initiative composed of companies in the fashion industry who have all committed to key environmental goals in three areas: mitigating climate change, restoring biodiversity and protecting the oceans. The Fashion Pact is CEO-led, action-oriented, and focuses on building upon and going beyond existing efforts. Today, the initiative has over 70 members, together representing over one third of the fashion industry, each eager to leverage collective action to scale and achieve impact. ZIMMERMANN joined The Fashion Pact in March 2021.
The Fashion Pact is progressing its journey to transform the fashion and textile industry at-large by solving its most complex environmental challenges across three pillars: Climate, Biodiversity, and Oceans. Today, the initiative is announcing the launch of a ‘Collective Virtual Power Purchase Agreement’ (CVPPA), aimed at accelerating renewable electricity adoption by investing in new clean energy infrastructure.
The Fashion Pact created the CVPPA in partnership with the energy and technical consultancy firms Guidehouse and 2050. 12 CEOs have individually committed to procuring renewable electricity, aligned with the 2030 targets to use 100% renewable energy across their companies’ own operations. Alongside ZIMMERMANN, organizations include Bally, Capri Holdings, FARFETCH, Ferragamo, Kering, Prada Group, PVH Corp., Ralph Lauren, Tapestry, Under Armour and Zegna.
At ZIMMERMANN, we believe that group action is crucial to accelerate change, and we are proud to be participating with the other industry players in this collective initiative. The CVPPA aligns with our renewable energy targets and is an opportunity for ZIMMERMANN to contribute to the clean energy transition.
This project seeks to add over 100,000 MWh per year of new renewable electricity generation to the grid, equivalent to removing approximately 24,400 cars from the road, accelerating the transition to clean energy while helping brands invest and progress towards achieving their sustainability targets.
We look forward to continuing our work with The Fashion Pact in the next steps of this project and supporting future initiatives to tackle the environmental challenges of our industry.