29 January 2021
Inditex joins MIT Climate and Sustainability Consortium
- Pablo Isla highlighted the importance of developing strong cross-sector links and collaborations among companies, academics and scientists in order to achieve a bold change toward a circular economy
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.