In 2018, with the support of UN Climate Change, the Fashion Industry Charter was established to provide a platform for the fashion industry to collaborate toward reaching net-zero emissions by 2050, aligning with global efforts to limit warming to 1.5 degrees Celsius. Although companies are making strides toward their commitments, deeper and closer collaboration is needed to achieve net zero. The fashion industry’s climate impact extends across every stage of the value chain—from raw material extraction and production to manufacturing and transportation, —necessitating coordinated and systematic efforts to drive meaningful change.
Looking ahead, countries’ submission of new nationally determined contributions (NDCs) in early 2025 provides an opportunity to drive more ambitious national climate targets and translate climate goals into practical policy frameworks that incentivize and support sustainable practices within the fashion sector. Clear, supportive policies can enable companies to innovate and adopt sustainable models faster, bridging the gap between high-level goals and on-the-ground action.
However, securing the funding needed to achieve net-zero goals presents a pressing challenge for the value chain of the sector. The transition to sustainable practices demands substantial investment across all stages of the value chain, and companies are actively seeking innovative financial solutions to bridge this gap. From green bonds to impact investment, various financing mechanisms are urgently needed to make sustainable development accessible to businesses of all sizes and locations.
This event will bring together fashion brands, suppliers, investors, policy makers and non-governmental organizations (NGOs) to discuss key levers for transformation and explore how progress can be accelerated collectively. Speakers will share hands-on insights from the field, exploring key themes such as transparency, accessible finance, and the development of supportive policy frameworks.
Agenda
See the agenda and more details of the event in this Concept Note.
The event can be followed by COP 29 registered participants through the COP 29 Digital Platform. Recording of the event is available below.