Weaker-than-expected demand for Swedish textile recycler Renewcell’s first commercial volumes of recycled cellulose pulp has sent the company’s stock price plummeting and highlighted broader hurdles challenging efforts to lessen fashion’s environmental footprint.
This week, deadly protests after the Bangladeshi government proposed a minimum wage increase well below the level unions had called for highlighted a fundamental challenge in raising worker salaries: somebody has to pay for it.
Soaring luxury goods prices have boosted turnover at companies like LVMH and Kering, helping them to report reductions in their ‘emissions intensity’ — the volume of planet-warming gases released relative to revenue.
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Large companies in the European Union will have to identify and take remedial action if they find their supply chains employing child labour or damaging the environment, the bloc’s lawmakers and council of member states agreed on Thursday.
The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time.
Dozens of well-known brands including H&M and Zara are identified as being at high risk of sourcing materials made by Uighurs compelled to participate in state-imposed labour.
The Middle East region’s secondhand luxury sector is growing slower than in other markets’, with interest in sustainability still nascent among consumers and cultural stigma remaining around pre-owned items, according to a report by the Dubai-based retail giant.
Companies including Nike, Levi’s and Inditex have managed to curb their planet-warming emissions over the last five years, but remain off track to meet 2030 goals, analysis by climate group Stand.earth finds.
Labour and climate groups are pushing to make the fashion industry a bigger part of the conversation at the UN’s annual climate summit.
The Swedish textile recycler has been under pressure since a weaker-than-expected sales update in October sent its share price plummeting and prompted the abrupt departure of its CEO.
Waste from at least 19 international brands including Adidas and Walmart is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local rights group released on Monday.