What: The CEO-powered Fashion Pact is losing its high-profile members and so far delivered little more than a handful of pilot projects.

Why it is important: Fashion Pact was designed to bring together the industry’s decision makers to tackle an increasingly urgent and shared challenge: fashion’s negative environmental footprint.

So far, its impactrests on a handful of pilot projects. High-profile signatories, including Hermès, Selfridges and Stella McCartney have quietly left.

The initiative says fluctuations in membership are normal and after spending the last three years laying the foundations, it’s gearing up for swifter action.

Going forward, it plans to increase focus on tackling emissions in the industry’s supply chain, where most environmental impact takes place. Its efforts rest on a combination of resource and knowledge building and joint projects to test-drive potential solutions.

In addition to the renewable energy power purchasing project the initiative recently launched, it’s working on a pilot programme to explore ways to incentivise lower-impact cotton cultivation. But the strategy to turn these into impactful collaborations at scale remains vague.

Selfridges, Hermès quietly exit Fashion Pact amid slow progress