Ralph Lauren Corporation, an American publicly traded fashion company, applauded the selection of the recently-launched US Regenerative Cotton Fund (USRCF) as an Agriculture Innovation Mission for Climate (AIM for Climate) innovation sprint partner.
This initiative was created by the United States and the United Arab Emirates to support investments in climate-smart agriculture over the next five years.
Also, the selection was announced during the United Nations Climate Change Conference (COP26) in Glasgow on November 2.
Ralph Lauren president and chief executive officer Patrice Louvet said, “We must come together as a global community to address the challenges of today so that future generations inherit a world filled with natural beauty and inspiration.”
Actually, they are working toward their Net Zero goal, and it’s the US Regenerative Cotton Fund, created through a partnership between the Ralph Lauren Corporate Foundation and the Soil Health Institute, that complements their goals.
“We’re honored that this work is recognized as an AIM for Climate Innovation Sprint Partner,” he added.
Meanwhile, the Ralph Lauren Corporate Foundation has pledged an inaugural $ 5-million grant to the Soil Health Institute to launch the US Regenerative Cotton Fund.
The first such initiative to support long-term, sustainable cotton production in the United States, and aims to eliminate one million metric tons of carbon dioxide equivalent from the atmosphere by 2026.
Recently, the company has joined a series of commitments that reflect COP26’s scope and mission, emphasizing ongoing efforts as part of its global citizenship and sustainable goals.
On the other hand, as a member of the UN Fashion Industry Charter for Climate Action and Textile Exchange, the company has signed a policy statement issued to all COP26 participating countries urging policymakers to work closely with the garment, textile, and footwear industries.
Which will drive the adoption of environmentally friendly materials and enable the textile exchange to achieve its goal of a pre-spinning phase of textile fiber and materials production by reducing greenhouse gas emissions by 45% by 2030 in line with the Paris Agreement.