Global Fashion Agenda (GFA) and Deloitte Global have established a strategic Knowledge Collaboration to help set the global agenda on sustainability in fashion. The organizations expect that the partnership will accelerate efforts to improve the industry and create an environment that is conducive to change. The fashion and textile industries face numerous sustainability challenges. GFA recognizes Deloitte Global’s commitment to leading efforts to advance sustainable practices in the fashion industry.
Later this month, GFA and Deloitte will launch their market partnership with a combined event on circularity in Davos, Switzerland. During Deloitte’s circularity transformation workshop, Federica Marchionni, Chief Executive Officer of GFA, will participate in a panel discussion with Cecilia Dall’ Acqua, Partner, Sustainability, Strategy, Risk & Transactions, Deloitte Spain.
Topics include the potential of circularity and how it contributes to industry-wide competitive advantage. Businesses are increasingly turning to circularity as a way to not only comply but also prosper as global environmental standards become more stringent. This discussion will look at how industry leaders are using circular processes to promote sustainability.
“We are truly excited about this collaboration and the positive impact it will have on the fashion industry’s journey towards sustainability, by collaborating, we believe we can help drive significant change and create a more sustainable future for stakeholders.” said Cecilia Dall’ Acqua, Partner, Sustainability, Strategy, Risk & Transactions, Deloitte Spain.
Federica Marchionni, Chief Executive Officer, Global Fashion Agenda also commented “In this pivotal time for our planet, collaborative action underpinned by trusted and timely research is urgently needed to inform and influence change. We are proud to join forces with Deloitte to provide tools to help the industry adapt to an increasingly regulatory environment and harness the opportunities of industry transformation.”
With assistance from Deloitte, GFA will create a value chain map and toolkit to assist businesses in creating materiality assessments that satisfy the requirements of future regulations, including the Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CSDDD), and others.
This will assist in identifying the main risks, opportunities, and environmental, social, and governance (ESG) consequences along the value chain, serving as a starting point for the development of a strategic plan that will help the participants start down the road to a more sustainable business model.
