The athleisure brand has taken a minority stake in Samsara Eco, an Australian company that uses enzymes to recycle plastics like polyester and nylon into new materials.
The sustainability analytics platform’s new name distances it from a greenwashing controversy last year that engulfed the Higg Index — the suite of data tools it was originally built to host.
Shein Tops Up Supply Chain Fund With $55 Million and a Focus on Faster, More Efficient Manufacturing
The ultra-fast-fashion giant plans to spend $70 million over the next five years to train and support suppliers and develop leaner production models.
More than 190 investors representing $1.3 trillion in assets under management urged fashion brands to join the International Accord, a legally binding worker safety agreement, in a joint statement Thursday.
Fashion brands are sourcing more recycled polyester, certified cotton and deforestation-free viscose than ever, but emissions from the industry’s raw material supply chain have bounced back from pandemic lows.
Big brands have stepped up sourcing in Europe over the last few years, but the push for faster fashion has come at the expense of European manufacturers and their workers, a new report finds.
The Pay Your Workers coalition said international brands should commit to pay suppliers on time, take steps to address wage theft and make sure factories don’t reopen until they are safe.
Last week, the French luxury group set a target to nearly halve its greenhouse gas emissions by 2035, for the first time setting absolute targets that would require it to decouple sales growth from environmental impact. 2022 proved how challenging this may be.