Sustainability In Fashion: Inditex Joins MIT Climate and Sustainability Consortium
Pablo Isla highlighted the importance of developing strong cross-sector links and collaborations among companies, academics and scientists in order to achieve a bold change toward a circular economy
Inditex, parent company of Zara, will be one of the founding members of the new MIT Climate and Sustainability Consortium (MCSC), launched with the goal of vastly accelerating large-scale, real-world implementation of solutions to address the threat of climate change. The MCSC brings together leaders from a broad range of industries to work together, and with MIT, to build a process, market and ambitious implementation strategy for environmental innovation.
The catastrophic consequences of climate change already touch every corner of the global economy. Some industries are seeking solutions, setting goals and already making progress; in other sectors, work must still begin. By accelerating progress within industries and by cross-pollinating best practices across sectors, the MCSC aims to drive changes swift and broad enough to match the scale of the climate challenge. The MCSC also recognizes the need to generate enduring environmental solutions that include social equity issues at their core such that all have access to improved quality-of-life and social welfare. The strategy will emphasize rapid prototyping, training leaders who can engage across disciplines, and generating ripples of deeply inclusive change within and across industries.
Regarding the consortium, Inditex Executive Chairman, Pablo Isla, highlighted that our communities must “develop strong cross-sector links and collaborations among companies, academics and scientists in order to achieve a bold change toward a circular economy. I cannot find a better platform than the MIT Climate and Sustainability Consortium in this sense, as they meet the ideal conditions to find global solutions that make a difference.”
Inditex will work alongside other global companies to cooperate in trying to find a solution to the climate crisis. Through leadership from MIT’s School of Engineering and in collaboration with students, faculty and researchers from across MIT, the MCSC aims to:
· Drive down costs and lower barriers to adoption of best available technology and processes.
· Speed retirement of carbon intensive power generating and materials-producing equipment.
· Direct investment where it will be most effective.
· Rapidly translate best practices from one industry to the next in an effort to deploy social and technological solutions at a pace more rapid than the planet’s intensifying crises.
· Innovative projects in sustainability
In addition to collaborating with MIT, Inditex currently collaborates on investigative projects linked to sustainability and corporate management with Tsinghua University, the Universities of A Coruña, Santiago de Compostela, Comillas Pontifical and the Polytechnic University of Catalunya, among others.
About the MIT Climate and Sustainability
The MIT Climate and Sustainability Consortium aims to vastly accelerate large-scale, real-world implementation of solutions to the looming threat of climate change by creating an action alliance of sustainability leaders from a broad range of industries, The MCSC unites similarly motivated, highly creative and influential companies to work with MIT to build a comprehensive process, market, and ambitious implementation strategy for environmental innovation.