Green Deal news and archive

What is the upcoming Corporate Sustainability Due Diligence Directive (CSDDD) legislation? What does it mean for the fashion industry, and what can you do to prepare?

Good news from Brussel. ‘A victory for people and the environment.’ Lara Wolters on X, tweet from March 15, 2024: “Due Diligence passed in Council! People and planet prevailed over cynicism. Thanks so much to the Belgian Presidency for all its efforts!” On Friday, March 15, the EU voted in favor of the Corporate Sustainability Due Diligence...

BusinessFeatured

A closer look at the upcoming EU’s Right to Repair legislation and its impact on fashion

Brussels - In light of grueling concerns over environmental degradation and sustainability, new European legislation aims to improve the longevity and durability of products through the ‘right to repair’. This legislative framework represents a holistic approach to supporting circular economy, waste reduction and sustainable consumption in the...

Business

European Parliament reaches due diligence law agreement

The European Parliament has reached an agreement on the 'Corporate Sustainability Due Diligence Directive' coming more than two weeks after the agreement first failed when several member states rebelled. As such, the directive took on a watered down form due to pressure from Germany, Italy and France. EU member states have agreed that only...

Comprehensive reporting on sustainability is or will become mandatory: Here's what you need to know about the Corporate Sustainability Reporting Directive (CSRD)

“Traditionally, financial reports have been the main focus of corporate reporting,” explains fashion professional Melissa Wijngaarden. Many companies compile annual reports that recount their activities over the last year. An integral part of this report is the financial statements, which summarize the company's financial situation. This allows...

BusinessFeatured

The Digital Product Passport and the revolution of data sharing in sustainable fashion

In recent years, the fashion industry has undergone a significant transformation, where the concept of sustainability has evolved from being considered a niche concern to becoming a legislative requirement. The European Union, at the forefront of regulating sustainable practices, is establishing guidelines for textile companies to ensure their...

BusinessFeatured

'Transition to circular economy has virtually come to a standstill despite European billions'

The 10 billion euros that EU member states have received to stimulate the circular economy have "ended up in the waste bin". The vast majority of the budget was spent on waste management, rather than on innovations to reduce the amount of waste, the European Court of Auditors (ECA) concluded in a study. The billions were intended to drive green...

BusinessFeatured

What does the EU's Green Deal mean for the textile industry?

The European textile industry has to waste less and recycle more after being highlighted as a key sector by the European Commission in its industrial strategy for a transition to a circular economy. With the Commission's new plan, voluntary green initiatives by the textile industry could become legally binding in the future. In its plan for a...