The Spanish fashion retail giant Inditex has announced a significant investment of €15 million ($16.25M) in Conservation International’s Regenerative Fund for Nature. The Regenerative Fund for Nature was launched in 2021 by Conservation International and Kering to transform 1,000,000 hectares of crop and rangelands into regenerative agricultural systems by 2026.
Inditex’s contribution will enhance the fund’s efforts to expand and scale regenerative practices in the fashion industry, which depends on agriculture for its raw materials. The investment will focus on regenerative practices in artificial cellulosic fibers and cotton. Grants will go to farming groups, project leaders, NGOs, and other stakeholders ready to test, prove and scale regenerative practices that work in harmony with natural systems.
The fashion industry has long been criticized for its impact on the environment, with agriculture being a significant driver of environmental impacts. Most clothing begins on a farm or rangeland, from cotton to wool or leather to cashmere. However, regenerative agricultural practices offer a unique solution and have the ability to restore nature and yield environmental benefits.
Inditex’s investment in the Regenerative Fund for Nature is part of the company’s #BRINGYOURBAG initiative. Following the elimination of plastic shopping bags, Inditex commenced charging customers for single-use paper shopping bags in 2021 to encourage the use of reusable bags. Full proceeds generated through the shopping bag charge initiative are being invested in environmental and social projects in collaboration with non-profit organizations such as Water.org, WWF, or Action Social Advancement (ASA), among others.
This initiative is part of Inditex’s ongoing commitment to sustainability. The company has set ambitious targets to achieve a circular and regenerative fashion industry, including sourcing 100% sustainable cotton, reducing greenhouse gas emissions, and promoting the circular economy. Inditex’s investment in the Regenerative Fund for Nature is a significant step towards achieving these targets and promoting sustainable practices in the fashion industry.
Image provided by Inditex