Money charged for Inditex bags donated to reforestation project
28/03/2024
The initiatve will conserve and restore the Eastern Himalayan region, an ecosystem that represents over one-twelfth of the planet’s biodiversity, it said.
The overall effort seeks to plant one billion trees and restore and protect one million hectares of land.
Inditex’s CEO, Óscar García Maceiras, said: "At Inditex we are convinced of the importance of protecting biodiversity, which is vital to the planet’s equilibrium and the effort to combat climate change. To that end, we have committed to protect, restore or regenerate five million hectares worldwide by 2030.”
This agreement reinforces Inditex’s partnership with Conservation International, with which it sealed a strategic alliance in 2023 when it joined the Regenerative Fund For Nature, earmarking €15 million to efforts to drive regenerative farming and breeding practices.
The amounts contributed by Inditex are part of the proceeds obtained by charging for paper bags and envelopes, an initiative rolled out by the group in 2021 to foster the use of reusable shopping bags.
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