Last week the Global Fashion Summit 2022 (GFS) took place in Copenhagen, Denmark. Formerly known as the Copenhagen Fashion Summit, the GFS is organized by the non-profit organization Fashion Global Agenda and is the leading international forum for sustainability in fashion. Representatives from brands such as Bottega Veneta, Ralph Lauren, Mulberry, Ganni and super-fast fashion company SHEIN spoke about sustainable initiatives for the future.
As well as breaking news, the brands also shared the science behind sustainable methods, such as textile composition, and the summit also included keynotes from industry leaders from companies like Kering and climate activists like as Xiya Batsita, who attended the 2022 Met Gala alongside Gabriella Hearst. . So, what were the main lessons of the event? We break down what you need to know.
To kick off the two-day summit, SHEIN admitted that creating excess clothing has an impact on environmental impact and announced that it would donate $50 million (which is half of its value – the company is worth $100 billion according to the the wall street journal) over three years through an extended responsibility fund.
Ralph Lauren has launched its new circularity program called Live On, designed to extend the life of Ralph Lauren pieces through repair, resale and rental services. According WWDMulberry announced that he would join Courrèges and Vestiaire Collective will start using data tags, or digital IDs, which allow items to be traced.
Business in vogue reported that Ganni will manufacture products containing three new fabrics, Mylo, Stem and Circulose, to reduce its carbon footprint by 2027. Mylo is a fabric made from mycelium or fungi; upper is a fabric creation process that uses all the fabric made, leaving no waste; and circulose is a material created from salvaging used cotton clothing into dissolving pulp. The circulose decomposition process uses 100% renewable energy.
Bottega Veneta CEO Leo Rangone has announced the introduction of the Bottega Series, which is a new sustainable initiative from the company that will re-release the archived bags in 12 drops each month. The bags will be sold at the same price as before.
The Global Fashion Summit has become a key event on the fashion calendar and we can’t wait to see how brands roll out these initiatives.