The Accelerating Climate Transition (ACT) initiative has unveiled a new framework designed to assist fashion and luxury brands, manufacturers, and retailers in tracking their climate commitments. Endorsed by major players [1] like LVMH and Chanel, this tool aims to evaluate whether companies are on course to meet their low-carbon objectives, addressing the significant greenhouse gas emissions contributed by the fashion sector.
This framework provides a standardized methodology [2] for assessing the credibility and ambition of fashion companies’ climate commitments. By promoting transparency and accountability, ACT ensures that companies are genuinely working towards reducing their environmental impact. This initiative aligns the fashion industry with the Paris Agreement’s goals, which aim to limit global warming to 1.5 degrees Celsius above pre-industrial levels. It will help companies identify areas for improvement and develop strategies to achieve net-zero emissions by 2050.
Developed by Paris Good Fashion, CDP, Ademe, and DEFI, the ACT Fashion methodology focuses on concrete actions and evaluations, complementing existing tools like the Science Based Targets initiative (SBTi). Isabelle Lefort, co-founder of Paris Good Fashion, highlighted the framework’s practicality in providing actionable insights.
The new ACT framework aims to drive the fashion industry towards genuine and measurable climate action, ensuring that companies no longer ignore their responsibilities under the Paris Agreement. This tool is expected to play a crucial role in accelerating the industry’s transition to a more sustainable and climate-friendly future.
The framework’s comprehensive data collection and review process assesses companies’ current and future performance based on five principles: commitment, transition plan, present actions, legacy, and consistency. To ensure a thorough evaluation of a company’s climate efforts and its alignment with a low-carbon future.
The ACT initiative, with a history of creating methodologies for various high-emission sectors, has extended its efforts to the fashion industry to address the critical need for coordinated climate action and transparent evaluation metrics.
Sources:
[1] A new tool will help LVMH, Chanel, and more track climate progress https://www.voguebusiness.com/story/sustainability/a-new-tool-will-help-lvmh-chanel-and-more-track-climate-progress
[2] ACT launches tool to evaluate climate progress https://www.ecotextile.com/2024112632747/materials-production-news/act-launches-tool-to-evaluate-climate-progress.html
