All CSR & Sustainability articles – Page 12
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News briefsPrada obtains €90m sustainability-linked loan
Prada has signed a €90 million, five-year sustainability-linked loan with the Italian bank UniCredit . The loan is characterized by the application of a bonus mechanism that allows for a reduction in the interest rate with the achievement of quantitative targets in the field of environmental sustainability. Attainment ...
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ArticleVF wants to eliminate single-use plastic packaging by 2025
VF Corp . has announced new sustainable packaging goals, defined as “a critical component of VF’s global sustainability strategy” for its large portfolio of brands, which includes The North Face , Vans , Timberland , icebreaker and Eastpak , among others. The new targets revolve around the following ...
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News briefs
Wortmann installs PV panels at its HQ
The Wortmann Group has installed nearly 7,000 square meters of photovoltaic (PV) panels on the roofs of its headquarters in Detmold, Germany. The panels cover an area the size of a football pitch and are expected to produce 1.18 million kilowatt hours annually, which corresponds to the consumption of ...
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News briefs
Inditex among the founders of new MIT-led climate consortium
Inditex , the owner of Zara and other brands, is one of the 13 founders of the new MIT Climate and Sustainability Consortium , an alliance of companies that will work with MIT (Massachusetts Institute of Technology) to build a process, market, and ambitious implementation strategy for environmental innovation. ...
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News briefsZalando joins the Ellen MacArthur Foundation
Zalando has joined a circular economy network by becoming a member of the U.K.-based Ellen MacArthur Foundation . The German online retailer said that the collaboration is in line with its commitment to apply the principles of circularity and extend the life of at least 50 million fashion products ...
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ArticleGucci goes beyond carbon neutrality
Italian fashion house Gucci , part of French luxury goods group Kering , announced the extension of its climate strategy, moving beyond carbon neutrality to also focus on measures to protect and restore ecosystems that mitigate climate change. Gucci’s new Natural Climate Solutions Portfolio will encompass initiatives to ...
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News briefs
South Korea has breached labor commitments with EU
A report published by a panel of experts confirmed the EU’s concerns that South Korea has not acted consistently with its trade and sustainable development obligations under the EU-Korea trade agreement, according the European Commission . The independent panel concluded that South Korea needs to adjust its labor laws ...
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News briefsLenzing unveils plans for major solar energy project in Austria
Lenzing, the producer of Tencel fibers , has unveiled plans for a photovoltaic plant in Austria on around 55,000 square meters, set to become the largest ground-mounted photovoltaic plant in Upper Austria. With approximately 16,000 modules, the plant will generate nearly 5,500 megawatt-hours per year, which corresponds ...
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ArticleOeko-Tex carries out its annual standards revision
Oeko-Tex , an association of 18 independent research and testing institutes worldwide that sets standards for more safety in products of the textile and leather industry and their manufacture, is proceeding with its annual revision of test criteria, limit values and requirements for its sustainability certifications and labels – the ...
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ArticleInterview: Diversity equals innovation - D’Wayne Edwards
As part of our survey on diversity and inclusion, the first part of which was published on Dec. 23, we had an email interview with D’Wayne Edwards who was the lead designer of Nike ’s iconic Air Jordan brand for a decade from 2001, making him one of ...
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ArticleDiversity and inclusion are a growing corporate issue
In 2020, the year of the Black Lives Matter (BLM) protests, diversity and inclusion burst onto the public agenda. The theme has emerged on companies’ radars, too. Diversity and inclusion are increasingly criteria by which companies are evaluated. And, while some footwear and sportswear brands have come under fire for ...
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News briefs
TÜV SÜD introduced vegan product certification
TÜV SÜD has introduced vegan product certification to ensure that apparel, footwear and textiles are neither made of, nor finished with, animal-derived materials – such as leather, fur, fibers (wool, silk), glue, dyes and chemical substances (beeswax, carmine dye extracted from cochineal insects). The German company tests, audits and ...
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News briefsBoohoo appoints PKF Littlejohn as auditor after PwC resignation
Boohoo has appointed PKF Littlejohn as its auditor after the resignation of PwC in October in the wake of a scandal over working conditions at some suppliers to the fast-fashion e-tailer. The company came under scrutiny earlier this year after allegations that workers making Boohoo clothes ...
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News briefsVF signs the UN Global Compact, commits to women’s empowerment
VF Corp. is a new signatory of the United Nations Global Compact (UNGC). The company has also endorsed the UN’s Women’s Empowerment Principles . The UNGC’s ten principles boil down to the upholding of “internationally proclaimed human rights,” freedom of association and collective bargaining for labor, the rejection ...
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ArticleEU to cut greenhouse emission by 55% by 2030
The 27 members of the European Union agreed on Dec. 11, after a night of negotiations, to reduce by at least 55 percent their greenhouse gas emissions by 2030, compared with 1990 levels, increasing the target from a previous objective of 40 percent. “Europe will reduce emissions by at ...
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ArticleGore and Bionic Yarn jointly develop textiles made from ocean-bound plastics
W. L. Gore Associates and Bionic Yarn , a material engineering company from New York, have announced a collaboration to drive the development of a high-performance textile made from traceable, recycled plastic. Gore said it recently made an equity investment in Bionic to help streamline its fiber ...
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News briefsRalf Ringer launches a campaign to recycle shoes
Ralf Ringer has launched a campaign offering customers discounts on new footwear if they return old shoes. The Russian company will ship collected used shoes to its factories, where they will be reprocessed, with all re-usable materials returning into the production cycle. Non-reusable materials will be turned into rubber ...
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News briefs
Louis Vuitton sneaker helps combat AIDS
From Dec.1, the Louis Vuitton I (RED) Trainer will be available in selected Vuitton stores worldwide. The company pledged that for every pair sold, $200 will be donated to RED , the organization founded in 2006 by the singer Bono and the activist Bobby Shriver to fight ...
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News briefsBoohoo appoints independent supervisor to monitor supply chain changes
Boohoo has appointed Brian Leveson , a retired senior judge, to provide independent oversight of its Agenda for Change program, launched to deliver “long-lasting and meaningful change” to its supply chain and its business practices. The e-commerce and fashion fashion company came under fire after allegations that it ...
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ArticleLegero obtains top certification for environmentally-friendly new headquarters
Legero United, the Austrian-based footwear group that markets brands such as Legero, Superfit, Vios and Think, was awarded the highest certification by the Austrian Society for Sustainable Real Estate Management (ÖGNI). The company’s new headquarters in Feldkirchen, named the Legero United Campus, have a low CO2 footprint - around 28 ...
