The Fashion Pact launched the ‘Collective Virtual Power Purchase Agreement’ (CVPPA), an initiative aimed at accelerating renewable electricity adoption by investing in new clean energy infrastructure, beginning in Europe. A first-of-its-kind for the fashion industry, the project seeks to add over 100,000 MWh per year of new renewable electricity generation to the grid, equivalent to removing approximately 24,400 cars from the road. 12 CEO members have individually committed to procuring renewable electricity, aligned with the 2030 target to use 100% renewable energy across their companies’ own operations. #TheFashionPact #cvppa