Inditex, parent company of Zara, will be one of the founding members of the new MIT Climate and Sustainability Consortium (MCSC), launched with the goal of vastly accelerating large-scale, real-world implementation of solutions to address the threat of climate change. The MCSC brings together leaders from a broad range of industries to work together, and with MIT, to build a process, market and ambitious implementation strategy for environmental innovation.
Regarding the consortium, Inditex Executive Chairman, Pablo Isla, highlighted that our communities must “develop strong cross-sector links and collaborations among companies, academics and scientists in order to achieve a bold change toward a circular economy. I cannot find a better platform than the MIT Climate and Sustainability Consortium in this sense, as they meet the ideal conditions to find global solutions that make a difference.”
Inditex will work alongside other global companies to cooperate in trying to find a solution to the climate crisis. Through leadership from MIT’s School of Engineering and in collaboration with students, faculty and researchers from across MIT, the MCSC aims to:
- Drive down costs and lower barriers to adoption of best available technology and processes.
- Speed retirement of carbon intensive power generating and materials-producing equipment.
- Direct investment where it will be most effective.
- Rapidly translate best practices from one industry to the next in an effort to deploy social and technological solutions at a pace more rapid than the planet’s intensifying crises.
- Innovative projects in sustainability
In addition to collaborating with MIT, Inditex currently collaborates on investigative projects linked to sustainability and corporate management with Tsinghua University, the Universities of a Coruña, Santiago de Compostela, Comillas Pontifical and the Polytechnic University of Catalunya, among others.