The 27-member bloc outlined an ambitious policy strategy Wednesday that aims to curb the industry’s environmental impact and address labour abuses.
LVMH, Kering and Hermès are among the companies that have yet to set absolute targets to cut greenhouse gas emissions in their supply chains.
As big brands get serious about transforming their businesses for the future, executives with experience driving climate and social impact strategies are in hot demand.
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Drastic cuts to fossil fuel use and growing forests are just some of the actions needed in this decade to contain global warming to 1.5 degrees Celsius above preindustrial temperatures, a major report by the UN climate science agency said Monday.
The certifications and standards widely used to lend credibility to big brands’ sustainability claims are coming under fire, as environmental campaigners seek to influence new policy initiatives.
The German sportswear giant is deploying a new tool from the supply chain traceability-focused tech platform to help document its products’ sustainability credentials.
Just 1 percent of companies who submit climate change-related data to nonprofit environmental disclosure platform CDP provide investors with the information they need to assess whether they have a credible plan for the transition to a low-carbon economy.
The report, released Monday by the world’s top climate scientists, warns of a growing mismatch between rising temperatures and slow, fragmented efforts to adapt, leaving little time for catching up before “a brief and rapidly closing window of opportunity” is sealed shut.
The European Commission on Wednesday proposed a law to make large companies operating in the EU check that their suppliers around the world respect environmental standards and do not use slave or child labour.
Workers in key garment-producing countries are, on average, receiving just 55 percent of the pay they need to achieve a decent standard of living, according to data published Monday by The Industry We Want, a coalition of industry stakeholders calling for better working conditions and environmental sustainability in fashion.
The fashion magazine will no longer promote fur in any of its 45 international editions, Elle senior vice president and editorial director Valéria Bessolo Llopiz announced Thursday at The Business of Fashion’s annual VOICES gathering.