Fashion4Land (F4L) High Level Segment - Action Dome, UNCCD COP17

Your Excellencies, distinguished guests, ladies and gentlemen, good afternoon and thank you for joining us here in the Action Dome for the Fashion for Land Forum. We are delighted to welcome you here for what promises to be an inspiring, a creative and of course, a beautiful moment. We are here today to look fashion through a lens that is sometimes surprisingly absent from conversations about the industry's environmental footprint and its land, of course. Because before there's a garment, there's a fiber. And before there's a fiber, very often, there is soil, pasture, and water. And there is also somebody whose livelihood depends upon them. So fashion is not simply about manufacturing or the consumer industry. It's a land use industry. And that brings us to the question we want to tackle in this final session, regulation. Around the world, sustainability regulation is accelerating on traceability, due diligence, deforestation, environmental claims, disclosure and reporting. The ambition is necessary, but for a global industry operating across extraordinary complex value chains, there is also a risk. If standards overlap, definitions differ and companies and producers repeatedly have to prove the same thing all over again in different ways. And then compliance itself becomes very expensive. And the people least equipped to absorb that cost can be those right at the beginning of the supply chain, including farmers, herders and pastoralists. So our question this afternoon is the following, how do we regulate for greater environmental ambition without creating greater fragmentation? And how do we make sure that the money spent demonstrating sustainability ultimately helps deliver sustainability on the land itself? To frame our discussion, we are truly honored to hear first from three distinguished leaders representing our host country here, Mongolia, and the international community. So ladies and gentlemen, please join me in welcoming our first leader here, Batmura Batsetseg, who is Minister of Foreign Affairs of Mongolia. Thank you.

So distinguished Guests and delegates, ladies and gentlemen, good afternoon. It is my great pleasure to extend a warm welcome to all participants of the Fashion for Land Forum convened as part of the finance day of the 17th session of the Conference of the Parties to the United Nations to combat desertification. At a time when the fashion industry's impact on climate change is receiving increasing global attention, discussions on sustainability standards and regulatory frameworks are both timely and essential. At first glance, fashion and land may appear to be separate issues. In reality, however, they are profoundly interconnected. Behind every fiber of the clothes we wear, land and natural resources. Each fiber begins with soil, rangelands, forests, water and ecosystems. Behind these resources are the livelihoods, knowledge and hard work of communities whose well-being depends on healthy and productive landscapes. Mongolia accounts for approximately 40% of the world's raw cashmere production. Our cashmere sector is directly linked to around 190,000 herder households and 27 million goats. Through Kashmir, Mongolia's ranchlands, nomadic heritage and herders livelihoods are connected to global fashion markets. Today, consumers are increasingly concerned not only with product quality, but also with origin, traceability and environmental and social impacts. As a result, supply chain transparency and responsible production are becoming key indicators of competitiveness in the fashion industry. For this reason, Mongolia attaches great importance to this issue. We are advancing initiatives at the international level while implementing concrete measures at home. At Mongolia's initiative, the United Nations proclaimed 2026 the International Year of Rangelands and Pastoralists. This designation provides an important opportunity to draw global attention to the protection of rangeland ecosystems, the support of pastoralist livelihoods, and the advancement of sustainable development. At the same time, through the White Gold National Movement initiated by the President of Mongolia, is promoting greater value addition to livestock derived raw materials, enhancing herders incomes, strengthening resilience, encouraging the responsible use of natural resources and advancing a balanced approach to economic, social and environmental sustainability. Distinguished guests and delegates, ladies and gentlemen, as the president of COP17, Mongolia is committed to linking land protection and restoration with economic opportunity, investment and innovation. We believe that emerging environmental standards and regulations in the fashion industry should serve not as barriers, but as enablers of sustainable production. Small and medium sized enterprises, primary producers and herders. And herders must have access to the knowledge, technology and financing necessary to meet these evolving requirements. We therefore call upon the private sector, international financial institutions and investors to play more active role in sustainable fashion value chains and to increase investment in environmentally responsible production, innovation, land restoration and the livelihoods of local communities. The future of sustainable factories should be measured not only by the value of its products, but also by how effectively it protects the land, ecosystem and communities upon which production depends. I'm confident that today's discussion will help foster practical solutions new partnerships and stronger cooperation towards achieving this shared objective. I wish to every success in your deliberations. I thank you.

Many thanks, Minister, for your opening remarks. And now to place this discussion within the broader international environmental agenda, from biodiversity to circularity and global environmental governance, please welcome Inger Anderson, who is Executive Director of the United Nations Environment Programme. Thank you.

Good afternoon. I am very, very pleased to speak today. It's very difficult to have iPad, you know, when you try to not print, you end up having difficulties. However, let me start by congratulating Madam Minister and Mongolia for this exquisite and extraordinary hospitality with which we have been met and to congratulate my dear sister Yasmin Fouad for leading the convention so fabulously. It's a real pleasure for us all to be here in beautiful Mongolia. And thanks also for having this second dialogue, if I'm not mistaken, on fashion. I think the first one we had in Riyadh, if I'm not mistaken. And I'm really pleased that this fashion for land is growing roots here. And I think it is, as we just heard from Madam Minister, such an important issue on which to focus and which is often overlooked, as you said, Madam. And so because we have to understand that fashion is critically important, it is generating lots of jobs, as we heard from Madam Minister, from farm to field to factory and so on and so forth. And so it matters. It employs hundreds of millions of people across the world. But clothes, nevertheless, are being thrown away faster than ever before. And that's a conversation that we need to have about. By 2030, the fashion industry is expected to generate almost 150 million tons of textile waste every year. And land degradation, widespread pesticide use, plastic pollution because of synthetics, deforestation, exploitation of workers, these are all dimensions that we have to discuss because they are endemic issues that are pertinent to this sector. And so friends, what then lies in the solution? Obviously, we have to talk about fast fashion. I buy something, I wear it twice, I throw it away. Is that the way of the future? Clothes is washing up on shores. If you look at some of this secondhand clothing market that we are seeing in Africa and what it is doing in terms of waste clogging of waste streams, it's a real challenge. And that European consumer may think that they are doing a good thing to recycle, but it's killing the African textile industry and killing our landfill and killing our ditches and our drains. And so we have to talk about circularity in the fashion industry. We have to talk about longevity in the fashion industry of that which you wear. How long will it last? How long will you keep? And I think, Madam Minister, if we buy fabulous cash from Mongolia, it will last a lifetime and a generation. And so we have to talk about how we design, how we value reuse, how we value repair and how we value recycling. And that transformation has to take hold. And to do so, we need, as we heard the moderator say, standardized reporting methods in the industry and for society because standard guides if we have those, they will guide companies to measure, to verify and to disclose environmental performance and impacts in a credible way. And these guides are essential to raise the ambition for the transition to more sustainable products and product systems and to build trust. Now, as we know, there are some standards in place, but they are not harmonized, they are not combined. And with the growing numbers of certification schemes, frankly, the consumer doesn't know what's what. And that's the confusing part of this. And this causes fragmentation and is obviously holding us back. And then we have the reality, which we have to talk about too, that most of the world's top fashion brands don't even disclose how much clothes they make in a year. And the disclosure application of standards is further limited by direct suppliers. Fewer than 10% of brands disclose their fiber processing suppliers. So we don't know where the fibers are coming from. And then that leaves behind major blind spots on biodiversity, deforestation, overuse of pesticides, pollution, chemicals and water. And so we need to have that greater harmonization that we discuss about. And that is why we at United Nations Environment Programme are working with many, many governments towards more coherent approach across the entire value chain through what we call the UNEP facilitated global textile policy dialogue, where we focus on five things, extended producer responsibility, sustainable product design Frameworks behavioral change instruments and enabling trade systems and standards and their interoperability I invite everyone here to engage in these dialogues uh with the fashion industry and with ourselves uh through these dialogues and through the textile implementation program on Global chemicals and Frameworks we are carrying out a deep dive into the role of the existing standards and how we can reduce the sector's pollution through chemical footprinting and digital product information systems. And I invite you all to join. So friends, The fashion industry has to inform its reform itself. It can reform by working together consumers, industry, governments, international organizations. We can support sustainable and durable and beautiful fashion to reduce the fashion footprint and still provide affordable clothes to the many people struggling to make ends meet. Thank you.

Many thanks for your words. Our next speaker leads the international convention at the heart of our discussions here in Ulaanbaatar, connecting land restoration, drought resilience and sustainable development. Ladies and gentlemen, please join me in welcoming Yasmine Fouad, Executive Secretary of the United Nations Convention to Combat Desertification. Welcome.

Good evening everyone. My dear sister Inger Andresson, Your Excellency, Madam Batmunkh, Minister of Foreign Affairs and proudly our COP17 President. Dear guests and participants, I would like to add to what Inger has mentioned. She laid on the sustainability and the guidelines and the standards and the five pillars of that. If we would focus on land, we would find that the fashion is still an industry that uses part of our The minister has also indicated how that moves within a country like Mongolia, providing a lot of opportunities to the people of Mongolia and to the rangeland. One important factor beside being a land use industry, next room we were talking about the rangeland and the pastoralists and securing their livelihood. What Mongolia has done beautifully well, and this is my fifth time here in Mongolia, is that they conserve their tradition and mix that with the modern part. So they were able to provide an opportunity for going through and breaking through the industry of fashion, yet keeping their core and the roots, I would say, grounded at the land. And this is a very good example also of our participants here from Italy, from Chile, from other companies that are working on the cashmere. The second thing that I believe we would need in the second anniversary of the Fashion for Land as it started in Riyadh and hope we will continue that in COP18 is to go to COP18 with a more policy coherence, a stronger partnership and a more sense of responsibility of how Fashion for Land can be for the favor of the people and the land together. I thank you all very much.

Many thanks, Yasmin Fouad, for sharing your vision here with us. Many thanks to all three opening speakers. I think that we established something important. The question is no longer whether the fashion industry needs to transform. It's how we create rules capable of accelerating that transformation rather than complicating it. Because regulation is increasing, companies are being asked to trace further into their supply chains, demonstrate environmental impact and substantiate their claims. They're all very legitimate demands. But when requirements are fragmented, every additional audit, data set and reporting format has a cost. And that leaves us with a rather uncomfortable question. How much sustainability spending is actually reaching sustainability? And that's what we are going to explore next with our panel. So please welcome Giovanna Piccarreta, Ambassador of Italy to Mongolia. Maria Fernanda Avila, who's Counselor in the Division of Environment, Climate Change and Oceans at Chile's Ministry of Foreign Affairs. Helene Valade, Group Environmental Development Director at LVMH. Gentari Gadzhetek, who's Chair of the Board at and Enrique Micho, co-chair of the Global Alliance for the International Year of Rangelands and Pastoralists. Please, let's give them a big and warm round of applause. So welcome to all of you. We have representatives here from government, global luxury and Mongolian cashmere producer and the pastoralist perspective represented here. So I am going to begin with government and with you, Maria Fernanda Villa and Giovanna Picareta. We are seeing due diligence, traceability and reporting requirements emerge across multiple jurisdictions, the environmental objectives, may increasingly converge, but the systems do not necessarily do so. So from your respective perspectives, where is greater international alignment genuinely possible without lowering environmental ambition? Please.

Thank you very much for inviting me. And first of all, let me thank the organizers of this very timely event and Her Excellency, Madam President of the COP Minister Batsetseg. So let me just, is it okay? Let me just start by saying that the Italian Chamber of Fashion has adopted since 2012 a sustainability manifesto. So we are very happy to share this with the fashion world. And we do believe that the fashion world can be the fashion industry can be part of the solution. So regarding your question, how to ensure that due diligence, traceability and reporting requirements are aligned. We think that the priority is to avoid turning due diligence, traceability and reporting into three separate tracks. Governments should work towards interoperable requirements, shared definitions, common data categories and compatible digital tools. so that companies collect the information once and can use it for several obligations. So I would like to briefly share the experience of Italy in this field. For example, textile waste, separate collection, national extended producer responsibility scheme that was mentioned also earlier, and the use of minimum environmental criteria in public procurement. These are different tools, but they all point to the same direction. clearer material flows, stronger responsibility for operators and demand for more sustainable products. Proportionality is essential in our opinion. The textile sector is also including many SMEs, particularly here in Mongolia. The textile sector is very much made of SMEs and therefore we must be able to meet robust standards without being overwhelmed by duplicating requirements. The digital product passport, for instance, together with credible verification systems, can help, provided it is designed in a practical and accessible way across the value chain. Let me just conclude by mentioning the G7 agenda on circular textiles and fashion that was promoted during Italy's G7 presidency and through dialogue with UNEP. In this way, we want to support the convergence among governments and businesses. The aim is not to lower environmental ambition but to make it easier to implement. Thank you.

Many thanks for that. Maria Fernanda Villa, I'd like to hear your perspective on this please.

Thank you very much. I would also like to thank the government of Mongolia and ministers. Thank you for being here as all my colleagues. I also would like to say that I'm going to have to leave right away after I talk. And it's really unfortunately, but I'm the head of the delegation as well, and we are in the middle of the negotiations. So I really will have to leave. So as we see here, there are three layers of the same value chain. So as Ambassador, we were saying international due diligence, the voluntary industry standards, and the national regulations. The challenge is not that the environmental standards are becoming more ambitious, just it's generally a positive development. The challenge arises when each of these layers require different information using different definitions, methodologies and reporting formats for essentially the same garment, material or fiber. The textile sector by definition today is global. A fabric can be produced in one country, manufactured in another and consumed in a third. Therefore, national definitions of traceability, recovery, reuse or recycling have impacts beyond national borders. for some common definitions, comparable indicators and interoperable reporting system. The key questions are simple. What do we measure? How do we define it? Which indicators and units do we use? Last June, I would like to let you know all that Chile hosted the first global ministerial and textile industry congress of the global south. And one central conclusion was the need for more consistent standards and indicators, particularly regarding material supply chains, chemicals included in the context of the global framework on chemicals and secondhand clothing, which is particularly relevant for Chile. Chile is moving forward with what will be the first extended producer responsibility regulatory framework for textile led from the global south. Textile are already a priority product under our REP law and the regularity process began in March 2026. We want to incorporate these elements, traceability, common definitions, indicators and the particular challenges of second hand textiles into the process. The Santiago discussions confirm that we need a standardization and harmonization at the regional level and ideally globally. The region has taken a first step and a second regional convention is expected in the first quarter of next year. Thank you very much.

Thank you very much. So we've just heard the government perspective. Let's now hear the business perspective with you, Helene Valade, because LVMH has been setting environmental and regenerative targets ahead of some of the regulation now coming into force, including on traceability and nature related reporting. So you have experienced both sides of this voluntary ambition. Congratulations on that. And mandatory requirements. So does regulation help a company like LVMH to go further and faster or is there a point where multiple reporting and certification requirements begin consuming resources that could deliver greater environmental impact?

Thank you so much. Thank you for this invitation, for this opportunity to talk about sustainable fashion. And yes, regulation for fashion industry is a good thing because climate change issues endanger the future. This regulation has become denser over the past five years, in particular in France, but unlike in other sectors such as energy, it is recent so some private companies including LVMH have adopted voluntary targets before the regulation LVMH has a road map called the life 360 with a quantified objective set for 2026 and 2030 on circular economy biodiversity possibility and transparency and climate change and voluntary standards particularly only those that ensure the possibility of supply chains are necessary because there is nothing else to guarantee traceability. So voluntary standards, voluntary targets are not contradictory. to the current regulations. LVMH set a zero deforestation target before EUDR and regenerative agriculture metrics have helped to feed CSRD and TNFD reporting. But regulations do not come from nowhere. They are inspired by what already exists to lead on rules for everyone. There is always a need to combine to balance between voluntary action and the rules. My second message is, in my opinion, the stakes are elsewhere. Regulation can be complicated for implementation when it is not accompanied by a public policy that supports it. Example, when recycling or upcycling infrastructure do not exist, it's very difficult to implement regulation laws on circular economy. Third message. Supplier's fatigue, absolutely supplier's fatigue because some laws such as law on duty of diligence and voluntary standards require suppliers to be surveyed with questionnaires that are often numerous and not harmonized. between brands. That is why the sectoral approach is necessary. It's exactly what we did in France with La Federation de la Haute Couture et de la Mode and in Italy with Camera della Moda. Fashion brands launch a unique single questionnaire to service supplier. It is easier for them, saves time and is more efficient and I think it's a good solution to to bring a response to this problem.

Many thanks, Elaine. Very interesting perspective here. You welcome regulation, but not without a solid public policy program in place to support it. Thank you so very much for that. Next, I'd like to invite a new speaker to come and join us here on stage. It's Una Jones. Please come and take a seat here. And a warm round of applause. Reena Jones is the CEO of the Sustainable Fibre Alliance. And that's the perfect segue to the next question for our guest here who works in Kashmir, Ghatanki, because in Kashmir, sustainability doesn't start in a shop or in a mill, it starts on the ground, in fact, in the steppe, the beautiful steppe here, in Mongolia and every cashmere garment ultimately traces back to grassland and to a herding community and household. And Mongolia has both one of the world's great rangeland systems and significant land degradation pressures. That's the conundrum you are facing. So when European or international sustainability rules reach a country like Mongolia or a producer like Handbok, like from your end of the supply chain?

Let me start to scale up the worry trying to solve here, but I think it's a frames the question based on Mongolian newest national assessment released this month, time for COP17 found that 81.9% of the Mongolian territory is some degree of desertification or degradation. Most of it is moderate and slight, but with a 7% of it is classified as severe to severely damaged. At the same time, our earlier range than health reports tells also a more hopeful story. the share of heavily degraded rangeland actually fell from 10.2% to 6.6% between 2018 and 2022 assessment. So this is not a story of inevitable decline. It's a story of what happens when the right practices and the right resources put in mind is in time. Now put that next to the global finance perspective, the UNCCD uh, clean, uh, estimates that the award needs roughly $355 billion for award, uh, land restoration and the drought resilience commitment. The current level of instant investment is around $77 billion, so that is a gap of $278 billion every year. And this isn't money to be. could throw into the void because based on UNCCD.

Internal assessment, every dollar we invest in the restoration case is wasted. It's because the finance is-- Here's the diagnosis here.

We have more than 400 different standards and certification in the textile and the fashion industry alone. for producers, for herders, cooperatives, for manufacturers, each additional standard means separate audits, separate consultants and separate fees often renewed by every year. None of the money actually touch hectare of a range land. It only pays to verify the paperwork that about the range land. So I want to be careful here. I don't want to make an argument because this is not an argument that is against standards and nor this is argument that cashmere industry is somehow a villain in this story. Herders in Mongolia have been practicing rotational grazing centuries because it works. The pressure we are describing is a structural. The herd size is tripled past 30 years. and outpacing the land carrying capacity roughly threefold. As market and mobility partners shifted faster than governments couldn't keep up. So I think this is a systematic problem and not a story about one bad actor, and it's exactly what kind of problem only coherent policy can fix. So what does coherent policy will look like in my opinion, I would like to point out three things and briefly. First, mutual recognition. If producer have already been verified against credible standards, a second or third regulatory regime should accept that evidence rather than requiring a fresh new audit from scratch. That is not lowering standards, that is not lowering ambition. I think it's a recognized that duplicated verification is this waste of resources. Second, aligning private standards to landscape level indicators as SDG 15.3.1. And third, the risk in capital so it can actually moves and actually can scale up. Remember that there's a $278 billion of a gap. And also please remember the 70% of the restoration finance today still comes from public source because the private capital hesitates when fragmented regulation, isolated recommendation makes risk hard to price. So the coherence plans gives the investor a stable target to underwrite against. And that is quite literally we finance, we put a half the financial gap becomes a financing flow. So I think that is the general.

Thank you very much, Gantari, for sharing your very valuable perspective here on how regulation really hits the land. You've shared some staggering figures here with us. Enrique, Michal, we are going to deep dive with you on, well, the very beginning of the chain. Pastoralists have managed rangelands for generations. Yet they often receive only a fraction, a small share of the value of the finished product, while potentially being asked to meet increasingly sophisticated environmental requirements. So the question I have for you is the following. Are we in danger of asking the people with the least economic, and I intended to say political, power in the fashion value chain to carry a disproportionate share of its sustainability burden? And if it's the case, what would a genuinely fair standard look like from a postoralist perspective?

Thank you. Thank you very much for that very important question. Sorry. Thank you very much for the invitation and for the global alliance for very important event. I am a veterinarian and I will speak as a practitioner. So, no change it. The world recognizes the vital role that rangeland pastoralists play in conserving and enhancing biocultural biodiversity. From a biocultural diversity, in conserving and enhancing biocultural diversity, from a socio-ecological perspective, a holistic approach tackling land degradation, costing sustainable food systems, advancing climate actions and adapting to the environment while we are discussing, contributing to economies and supporting socioecological resilience for millions of people. For instance, no longer be seen as wastelands or empty spaces. Pastories should no longer be seen as marginalized group or left behind cultures, but as stewards of women knowledge. Traditional knowledge is now recognized as a valid type of knowledge, as a science, as valid as scientific knowledge, but coming from a different epistemological root. Scientific methods, a story's way of operating knowledge is based in experience, observation, learning from the environment, and the plants that inhabit there, by practice of the same network, by moving doesn't work. What is useful to survive in a specific environment and this was for another generation. These are pure knowledge. Recognition to fashion industries will be the most sustainability now. Organic certification, chemical free and low carbon output for environmental and this is a way to enhance the prestige of astronauts. which covers the history of people and the history of the as well. So we know that fast fashion is one of the things that happens to our planet. And this is not the pastoral way. We need to provoke pastoralists in decision making, regulation standards, designs, and marketing. And the pastoralist of traditional knowledge is the people who see among cultures, countries, continents, pastoralists are our brothers and sisters. share lots of similarities, but local knowledge relies on particularities and responses at the local level. So policy makers and brands need to take this into account. Complex issues that don't respond to simple solutions. We need to find a way to bring all this knowledge by bringing the stories to our table, but with all due respect. Thank you.

Thank you very much, Enrique Micho, for your perspective here. running out of time. I had many more questions for you, of course, on this very important topic of regulation, but it's time now to hand over to Una Jones for closing remarks. I'm delighted to have you here with us here this afternoon. Una, very quickly, you were born here in Mongolia and you founded the Sustainable Fibre Alliance with a very direct and very clear purpose to protect the landscapes of your homeland while helping ensure that herding remains a viable livelihood for future generations. Una, the floor is yours, but not until we have a big round of applause for our guests here on stage. Thank you very much to our wonderful speakers.

Thank you, Charlotte. And thank you for all our distinguished panelists. and for thoughtful discussions. What we've heard today, this afternoon, makes one clear discussions. The change is not lack of an ambition. Across governments, businesses, standards organizations, and civil society, there is a growing recognition of need for greater traceability, stronger due diligence, and more responsible supply chains. The real change is ensuring these efforts work together and that they work for the people, for the landscapes at the start of our value chains. Regulations in fashion is essential and it sets a firm floor of accountability. Voluntary targets and standards do not oppose regulation, they elevate it. So progress requires balance, rules for the foundation, ambitions to make the reality possible. So without a supporting public policy, even the strong laws falter. As the circular economy shows, the suppliers meanwhile grow wary under overlapping demands. The greatest risk is elevating compliance to the real change. Let us measure what matters and investment and innovation, not just paperwork alone. So fashion is also a land use industry. The natural fibers such as cashmere and the supply chain begins on the land. The healthy rangelands, healthy animals and the pastoralist communities who stewards them is at the heart of this dialogue. The success of sustainability policy cannot be measured only by the regulations or reporting framework. We must ask, what difference does it make? We have been working at Sustainable Fibre Alliance with these questions every day. For more than a decade, we have connected responsible fibre productions, animal health and welfare, and working with rangeland stewardship to ensure resilient livelihoods. We understand that change does not come overnight. It takes continuous engagement and commitment from stakeholders, all parts of the end-to-end supply chain, engaging herders, engaging supply chain, home in Mongolia and China, as well as working with the brands, retailer communities. It requires concerted effort. So it's really important through our partnership with UNCCD, we are advancing credible approaches to arrange land stewardship that recognize the people who manage those landscapes, enable markets and a policy in finance to support them. So to bring back to the Charlotte central question, coherence must be built through collaboration. We need greater dialogue and alignment between policymakers, standards, market, and those important for implementation responsibility. So above all producers, pastoralists voices must be part of the conversation. If the standard systems to work better, we need to ensure that practicality, you know, I used to think that indicators were the most important thing and I used to spend hours making sure those indicators are right. However, if this does, if the scientifically important advanced indicators are put forward and none of the herder communities and pastoralists were not to be able to be followed, those frameworks and standards are valueless. So therefore, I would like to thank all of the people who came and bringing valuable contributions and we hope to shape fashion sector supply chain, especially this is important for Mongolia as a soft power in bringing our communities voices in the fashion world. We are nomadic communities, but our wisdom from our communities could shape global dialogue better for a better sustainable fibre and natural fibre sectors beyond that. global land degradation neutralities further than that better positive nature positive environment going forward and thank you everybody and as this evening continues I would like to give a floor to our Mongolian government and Takhankhagaa ask director Jackson to give a floor and our government would like to announce very important announcement for next year. We wanted to ensure that we have Global Cashmere Forum to be organized next year. So I would like to give you a quick floor to announce that.

Thank you, thank you, Yona. And good evening everybody. So I was just going to announce that Mongolia produces half of the cashmere. We have the finest cashmere and we produces five different colors of cashmere. It's a natural cashmere. And so together with the Ministry of Food and Agriculture and Light Industry, next year we will be organizing Global Cashmere Forum. So since everyone is here, I would like to invite especially the global brands to come to Mongolia to celebrate the quality of cashmere. Welcome. Thank you.

Many thanks, many thanks to all of you. Let's have another round of applause please, a final one for all our panelists and speakers. Ladies and gentlemen, thank you. And many thanks to all of you here in the audience who have attended the Fashion for Land Forum. Now before we leave you an invitation at 6:30 here, right here in the actual dome, the Fashion Our fashion moves from conversation to the catwalk. It's ready for you. We hope you can join us for the Fashion for Land fashion show. Thank you. And of course, enjoy the rest of COP17. Thank you.