Welcome to the Traceability Edit, TrusTrace's curated list of news to know from the month. In May, it's time to reimagine growth and value, Walk Free releases the Global Slavery Index, and when it comes to supplier discounting, fashion needs a watchdog.
When It Comes To Sustainable Cotton, Fashion’s Focused On 1% at the Expense Of The Other 99. Why? by Brooke Roberts-Islam for Forbes. Too much focus is on organic cotton's impact when it makes up a tiny per cent of total cotton production, says Roberts-Islam.
Rhetoric and Regulation: We Need Immediate Action On Fashion’s Impact by the Interline. The climate crisis is already impacting fashion's bottom line, making the case for urgent ESG action from the industry.
Slowing Down Growth and Reimagining Value Creation by Rachel Arthur for Textile Exchange. Fashion's current targets for 2030 emissions reduction aren't on track. Arthur argues the need for a radical degrowth business transformation that redefines profit and growth to keep fashion's output within planetary boundaries.
The Global Slavery Index 2023 by Walk Free. According to Walk Free's latest report, 50 million people around the world are living in modern slavery. Learn more about what that means for the fashion and textiles industry, and what can be done.
Environmental Compliance May Weed Out Smaller Garment Factories by Mostafiz Uddin for the Daily Star. Small businesses can't keep up with the pace or cost of the sustainable transformation, says Uddin, creating a monocultural industry where only the biggest conglomerates survive.
Supplier Discounts: The Industry Needs ‘a Fashion Watchdog With Teeth’ by Zoe Hu for Drapers. The fashion industry needs impartial support to prevent brands from undercutting and forcing discounts onto suppliers, further widening the power imbalance between brands and manufacturers.
It’s Not You, It’s ‘Re’: Why Some Circular Fashion Businesses Struggle To Succeed by Marcus Jaye for the Industry.Fashion. Following the rapid rise of circular economic businesses, high-profile names are collapsing one by one. A tough investment landscape is partly to blame.
Regulators Want Fashion Brands to Pay for Their Textile Waste by Olivia Rockeman for Bloomberg. Tackling textile waste has long been an ignored issue by the fashion industry, until now. Regulators in the US and EU are planning to force brands into paying for the volume of clothing they produce.
PVH Launches Supplier Finance Program Tied To Sustainability Goals by Ben Unglesbee for Supply Chain Dive. PVH has recently teamed up with Standard Chartered Bank to create a new financing program for suppliers tied to the apparel company’s sustainability goals.
