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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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.
Organisations representing more than 2,500 international brands, retailers and suppliers said the country’s new minimum wage for garment workers is too low to basic needs.
The executive, who helmed the organisation through a greenwashing controversy centred on its sustainability tools, will step down on Dec. 29.
Fashion Recycling Platform SuperCircle Raises $7 MillionThe reverse logistics business, whose clients include Reformation and Uniqlo, sits in an emerging space in the market, as more brands look to ensure the clothes they sell can be recycled at the end of their life.
One woman was killed as police in Bangladesh used teargas and rubber bullets to disperse stone-throwing protesters as a demonstration by garment workers for more pay turned violent on Wednesday.