Inditex joins MIT Climate and Sustainability Consortium

11 Feb '21

2 min read

Pic: Shutterstock

Inditex, parent company of Zara, has joined as a founding member 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. Inditex is one of the world’s largest fashion retailers, with eight distinct brands.

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. Inditex will work alongside other global companies to cooperate in trying to find a solution to the climate crisis, the company said in a press release.

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, and 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, Inditex said.

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, according to a media statement by Inditex.

“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 executive chairman, Pablo Isla said.

Fibre2Fashion News Desk (GK)

More Inditex News... More Apparel/Garments News - Spain...