CNMI and EFI announce launch of joint ESG Framework for fashion and 2022 Sustainable Fashion Awards
Now more than ever, public pressure on the fashion industry to take concrete action on sustainability is high. The Ethical Fashion Initiative is proud to partner with Camera Nazionale della Moda Italiana to promote and drive innovation and radical change, and to achieve a better industry for all stakeholders.
Reflecting the growing global concern over climate change, Camera Nazionale della Moda Italiana (CNMI) and Ethical Fashion Initiative (EFI) of the International Trade Centre, a joint agency of the United Nations and the World Trade Organization, have proudly launched the first ESG Due Diligence and Corporate Social Responsibility Reporting Framework for the fashion industry this week, whilst hosting the Milan Climate & Fashion Talks, an online event held during Milan Fashion Week to discuss the link between fashion and climate crisis in view of COP26.
CNMI, a leader on sustainability issues since 2011, proudly announced their partnership with the EFI who is also Secretariat of the UN Alliance for Sustainable Fashion – a group of United Nations agencies and allied organizations who ensure fashion contributes to the Sustainable Development Goals. The framework created through the partnership will enable stakeholders to access a system that introduces sustainability throughout the supply chain through serious processes of due diligence aimed at spotting, eliminating, mitigating ESG risks. A constant information service of updating news and data on sustainability has been one of the tools that CNMI is offering to its members. The creation of this framework has been possible thanks to the valuable contribution of CNMI Sustainability Working Group.
Simone Cipriani, Head & Founder of the Ethical Fashion Initiative says: “An ESG Due Diligence and Corporate Sustainability reporting approach allows the fashion industry to talk sustainability consistently and transparently. It also enables investors and consumers to make informed decisions.”
“Having a big communication event on sustainability is not enough: we also need to work on the hard part of sustainability: the scientific foundation that lies under such a glamorous event” noted Carlo Capasa, President of CNMI.
This week’s Milan Fashion Week also heralded the launch of the CNMI Sustainable Fashion Awards, an extension of the collaboration between CNMI and the Ethical Fashion Initiative. The awards will be held in 2022, on September 25th, at Teatro alla Scala. Breaking ground in the world of fashion, the ESG Due Diligence and Reporting Framework jointly developed with EFI and CNMI will form the basis for these awards and for the first time, brands will be recognised not only for their designs, but according to their performance Environmental, Social and Governance criteria.