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LEADING GLOBAL AND TEXTILE COMPANIES UNDER SSI  THAT HAVE SIGNED THE FASHION PACT

Several brands under the SSI Group, Inc., such as Salvatore Ferragamo and Ermenegildo Zegna have confirmed their commitment to protect the planet by joining The Fashion Pact, where major luxury brands, labels and companies set goals to reduce environmental impact in the fashion industry.

The Fashion Pact’s objectives draw on the Science-Based Targets (SBT1) initiative, targeting three key areas for safeguarding the planet:

Stop global warming: by creating and deploying an action plan for achieving the objective of zero greenhouse gas emissions by 2050, in order to keep global warming below a 1.5°C pathway between now and 2100.

Restore biodiversity: by achieving objectives that use Science-Based Targets to restore natural ecosystems and protect species.

Stop single-use plastics: by reducing the fashion industry’s negative impact on the world’s oceans through practical initiatives, such as gradually removing the usage of single-use plastics.

These commitments are designed to be embraced by every company involved and backed by cross-sector initiatives, along with the deployment of innovation accelerators.

Salvatore Ferragamo’s CEO, Micaela le Divelec Lemmi, and representatives of another 32 brands signed the Fashion Pact during a meeting at the Elisee with French President Emmanuel Macron, who has presented the initiative at the G7 Summit held in Biarritz from 24 to 26 August.

“We are proud to be part of this initiative. Thanks to the Fashion Pact, for the first time, major fashion industry players are joining forces to take on the largest environmental challenges of our century,” announced Ferruccio Ferragamo, President of Salvatore Ferragamo.

“Meeting today’s needs without preventing future generations from meeting theirs is an immense challenge that we must all resolve together.”

CEO of the Ermenegildo Zegna Group, Gildo Zegna, also shares, “Zegna is committed in sustainable projects: we are vertically integrated and able to manage key directional projects as the #USETHEEXISTING one based on the recycling and up cycling of natural and technical materials. The Fashion Pact will be, for our Group, not the beginning of the sustainability journey, but the continuation of a commitment initiated by our Founder Ermenegildo Zegna more than a century ago. That’s our legacy and our responsibility.” 

Other SSI brands who have signed the Fashion Pact are as follows:

Burberry, Gap Inc., Giorgio Armani, Hermes, Inditex, Prada, PVH Corp., Ralph Lauren, Stella McCartney and Tapestry.

About SSI Group, Inc.:

SSI Group, Inc. is the leading specialty retailer in the Philippines with an extensive portfolio of established international brands that caters to all aspects of a quality lifestyle and is supported by a nationwide strategic retail presence. Leading the Philippine specialist retail market in terms of the size and breadth of its international brand portfolio and store footprint, SSI Group Inc. has also expanded its retail format offerings with its entry into eCommerce, unique restaurant concepts such as SaladStop! and Shake Shack, and mall developments such as the premiere lifestyle destination Central Square.  It is also the first specialty retail company to receive the Economics Dividend for Gender Equality (EDGE) Certification in the Philippines and in South East Asia, as it reinforces strong gender balance and an inclusive workplace culture.