The 32 founding members of the initiative have pledged to halt climate change; restore biodiversity and protect the oceans by establishing “specific quantitative targets for tackling the challenges facing the industry in terms of fighting the climate crisis”.

Alongside Inditex, brands such as Adidas, Burberry, H&M and the Selfridges Group have added signatures to the initiative which is being unveiled today at the Élysée Palace in Paris at an event convened by French president, Emmanuel Macron.

Signatories will also “champion involvement in other complementary sector initiatives and foster the development of accelerators in order to help meet the objectives set.”