How fashion can do better for people and the planet.

With purchasing practices that undercut the cost of production, big brands are shortchanging workers and undermining their own commitments to operate more responsibly, according to a new study.

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The Vivienne Foundation, a non-profit company first established by the late fashion designer in 2019, is launching this week following Westwood’s death in late December.

Post-tax losses at the brand, known for the sustainable positioning and advocacy of its eponymous founder, deepened 7 percent year-on-year, as higher sales were offset by increased administrative expenses amid a wider restructuring, according to accounts filed to UK registrar Companies House.

The Climate Fund for Nature, a new investment scheme, is aiming to raise €300 million ($317 million) of funding commitments from luxury fashion and beauty companies to invest in nature conservation and restoration initiatives, largely in the countries from which the companies source their raw materials.

European Union member states on Thursday reached a deal on rules that would force large companies to check whether their suppliers use slave or child labour, or pollute the environment, but with an optional exemption for financial services.

Under the proposal, all 27 EU members will be required to reduce packaging waste per capita by 5 percent by 2030 and 15 percent by 2040 compared with 2018 levels. Packaging now accounts for 36 percent of municipal solid waste.