Due Diligence news and archive

How to comply with the CSRD? Frontrunner Schijvens Corporate Fashion shares the tips for SME companies

Schijvens Corporate Fashion is a leader in sustainability and has taken a pioneering role in preparing for the CSRD. Although the reporting requirement is not yet in effect for SMEs, the Brabant-based family business, which falls into this category, has already provided sustainability information with its latest annual financial statement...

Business

Retraced introduces Due Diligence Guide geared for fashion industry

Retraced, the compliance platform for the fashion and textile supply chain, has published a new Due Diligence Guide. The white paper aims to demystify the legal frameworks reshaping fashion, helping companies reduce risks and enhance their social and environmental impact. Especially in view of new legislation being introduced to shape...

BusinessFeatured

Fashion Revolution on achievements in the last ten years and future needs

In the last ten years, the fashion industry has come a long way - the simple question, “Who made my clothes?” could not be answered after the collapse of the Rana Plaza building on 24th April 2013. Rescuers had to dig through the rubble looking for clothing labels to figure out which brands were producing clothes there. Even then, brands and...

Background

What is the upcoming Corporate Sustainability Due Diligence Directive (CSDDD) legislation? What does it mean for the fashion industry, and what can you do to prepare?

Good news from Brussel. ‘A victory for people and the environment.’ Lara Wolters on X, tweet from March 15, 2024: “Due Diligence passed in Council! People and planet prevailed over cynicism. Thanks so much to the Belgian Presidency for all its efforts!” On Friday, March 15, the EU voted in favor of the Corporate Sustainability Due Diligence...

Business

European Parliament reaches due diligence law agreement

The European Parliament has reached an agreement on the 'Corporate Sustainability Due Diligence Directive' coming more than two weeks after the agreement first failed when several member states rebelled. As such, the directive took on a watered down form due to pressure from Germany, Italy and France. EU member states have agreed that only...

BusinessFeatured

The path forward: OECD perspectives on company-union agreements' role in shaping responsible business practices

During the Organisation for Economic Co-operation and Development (OECD) forum on due diligence in the garment and footwear sector, which took place in Paris from February 19 to 23, prominent experts delved into the potential of legally binding agreements voluntarily adopted by companies and global trade unions. Representatives from various...

BusinessFeatured

European Parliament approves draft law to improve environmental, social practices of supply chains

The European Parliament has voted in favour of a draft law to ensure large companies crack down on suppliers not following certain rules in terms of their social and environmental practices. The Corporate Sustainability Due Diligence Directive (CSDDD) addresses areas including child labour, slavery, labour exploitation, pollution, environmental...

FashionPress Release

Global Fashion Summit: STTI Calls for Responsible Purchasing Practices and Global Standardisation on Due Diligence

STTI spokesperson and Vice President BGMEA Miran Ali called for a globally standardised approach to due diligence at the prestigious Global Fashion Summit last week. Mr Ali was speaking at a panel focusing on the upcoming due diligence legislation, led by OECD due diligence head Tyler Gillard, alongside Maxine Bedat, founder and director of New...

Business|BACKGROUND Featured

Game changing legislations looming over the apparel and footwear industry

In 2020 the EU Commission has launched a Circular Economy Action plan1, aiming at making sustainable products the norm in the EU, support the 2050 carbon neutrality target of the EU, and to push for sustainable growth. The textile sector has been singled out by the EU commission, together with four others, as one with the highest environmental...