SUSTAINABLITY
Supplier data harmonisation Supplier sustainability data sits at the heart of effective decarbonisation.
In response to this challenge, The Fashion Pact has launched the European Accelerator with Chanel, Kering, Moncler Group and Prada Group – aiming to unify supplier environmental data and build supplier capacity for sustainability.
An estimated € 4.4bn( US $ 5.09bn) is needed by 2030 for the European fashion sector to meet its decarbonisation targets according to TEHA Group’ s Just Fashion Transition 2025 report, but high debt ratios make such investment unaffordable for nearly 60 % of suppliers.
The Accelerator will adopt a wholesystems approach by harmonising data collection, simplifying reporting and working to unlock financing for supplier investments in cleaner technologies.
Eva von Alvensleben, The Fashion Pact’ s Executive Director and Secretary General, says:“ This unprecedented level of collective commitment marks an important step forward for our industry.
“ By encouraging harmonised environmental data practices, we are not only strengthening the quality and consistency of sustainability data, but also significantly reducing the reporting burden on suppliers.”
128 March 2026