Foro de moda en Madrid: hacia un negocio sostenible

Foro de moda en Madrid: hacia un negocio sostenible

Hidalgo speaks at the opening of the second edition of Move! Sustainable Fashion Summit, held at La Nave

The Delegate for Economy, Innovation, and Finance, Engracia Hidalgo, participated today in the opening of the second edition of «Move! Sustainable Fashion Summit», a business day that has established itself as the annual reference forum in Spain for the fashion sector and its transition towards a sustainable business. Held at La Nave in Villaverde, it is promoted by the economic fashion information newspaper Modaes and the consulting firm Ernst & Young, with the support of the Madrid City Council.

During her speech, Hidalgo highlighted the importance of «a strategic sector for the capital», in which she emphasized «the enormous creative talent that decisively contributes to the internationalization of the city and the Madrid brand.» An industry, in the delegate’s words, in which «sustainability is an essential axis demanded by society and supported by the City Council through public-private collaboration initiatives» such as the celebration of the first edition of the Europe Fashion Summit, where sustainable design was highlighted at the last Madrid Fashion Week, or projects like the Circularization Program for the textile and fashion sector, organized by the Circular Economy Innovation Center of the Madrid City Council (CIEC), in collaboration with the Association of Clothing and Fashion Companies of the Community of Madrid (Asecom).

With her intervention, the delegate, accompanied at the opening ceremony by Modaes founder Pilar Riaño, kicked off an event that, under the title «Sustainability Hotspots», brings together more than 200 entrepreneurs and executives from large national and international companies in the sector, as well as representatives from medium-sized companies and sustainability experts, around roundtable discussions and presentations that will address the challenge of transforming the industry based on environmental, social, and corporate governance factors (known as ESG criteria). All this, within the framework of European legislative advances in sustainability in the industry.

Alternatives to the traditional business model

A large part of the forum’s interventions will focus on analyzing viable alternatives to the traditional business model, capable of facing the challenges of globalization and making a more environmentally friendly industry a reality.

To this end, solutions that contribute to greater efficiency in the textile production model will be explored, such as reducing emissions in what is the world’s second most polluting industrial sector, according to the UN; circularity in fashion, following the three R rule of reducing consumption, reusing, and recycling, or the incorporation of new materials such as plant fibers or wool, to the detriment of synthetic materials that release polluting microplastics.

A strategic industry for Madrid

Fashion is an essential sector for the city of Madrid as a driver of job creation, attraction of investments, and shopping tourism; it also contributes to the city’s projection to the world. It is also an essential sector of the Spanish economy, generating 2.8% of the national GDP, almost 4% of employment, and almost 9% of goods exports.

A dynamic and competitive industry that builds the cultural identity of the capital and that the City Council, through the Area of Economy, Innovation, and Finance, supports through programs such as Madrid Capital de Moda, which promotes activities related to fashion and lifestyle that energize the economy and project Madrid as a talent benchmark, or through Madrid Fashion Week, an event co-financed and co-organized by the City Council, which includes Madrid es Moda and Mercedes-Benz Fashion Week Madrid.

Additionally, the City Council supports the celebration of Atelier Couture, a leading showcase of bridal fashion craftsmanship and a major exponent of sustainability in the sector. The municipal government team drives the sector and supports its creators through the implementation of grants and various lines of aid that encourage their active participation in Madrid’s main fashion events and promote the functioning of the sector’s associative fabric, its dynamism, and digitalization.


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