ESG Sustainable Procurement News and Updates
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AI and Climate Change Dominate Insurance Industry Priorities
The insurance sector's landscape is evolving, with a recent survey revealing that artificial intelligence (AI) and climate change have ascended to the forefront of industry concerns. The International Insurance Society (IIS) has published its 2024 Global Priorities Survey, which collected insights from nearly 20,000 senior executives worldwide, highlighting key strategic focuses for the year ahead.
|July 18th, 2024|10:16 AM
Ricron Panels Secures Series A Funding Led by Boon Sustainability to Expand Operations in India
Mumbai — Ricron Panels, a pioneering player in the plastic waste recycling sector, has successfully raised Series A funding led by Boon Sustainability Technologies. This capital infusion will bolster the company’s growth initiatives, marketing efforts, and capital expenditures, facilitating an expanded footprint in the Indian market.
|July 18th, 2024|10:16 AM
Shein Shifts IPO Plans to London, Unveils Sustainability Push Amid U.S. Scrutiny
Fast-fashion behemoth Shein is pivoting its initial public offering (IPO) strategy towards London, abandoning its previous intentions for a U.S. listing in light of rising allegations of labor abuses and significant opposition.
|July 18th, 2024|10:16 AM
Textile Exchange Postpones Launch of eTrackit Traceability System
Textile Exchange, the global non-profit organization focused on sustainable practices, has announced a delay in the rollout of its highly anticipated eTrackit traceability system following a pilot phase.
|July 18th, 2024|10:16 AM
Google Acknowledges AI's Contribution to Growing Emissions
Google's recent acknowledgment of artificial intelligence (AI) contributing to increased emissions highlights a critical intersection between technology innovation and environmental sustainability, raising pertinent questions for businesses engaged in sustainable procurement.
|July 10th, 2024|9:56 AM
Supreme Court Decision Raises Concerns for Environmental Protections
The recent Supreme Court decision has ignited widespread concern over the future of environmental protections in the United States, with significant implications for businesses engaged in sustainable procurement. The ruling, which curtails the regulatory authority of the Environmental Protection Agency (EPA), has introduced a new layer of complexity for companies striving to meet sustainability goals.
|July 9th, 2024|5:27 PM
EU Clarifies CBAM's Environmental Focus, Rejecting Trade Barrier Claims with India
The European Union's Carbon Border Adjustment Mechanism (CBAM) has sparked significant debate, particularly concerning its potential impact on trade relations with key partners such as India. However, EU officials have recently clarified that the primary aim of CBAM is environmental sustainability, not the erection of new trade barriers.
|July 9th, 2024|5:27 PM
The Path Forward for Sustainable Space Exploration
As the race to explore space intensifies, the imperative for sustainable practices in this domain has never been clearer. The burgeoning interest from both government agencies and private enterprises in space exploration necessitates a strategic approach to sustainability, ensuring that the benefits of space ventures are maximized while minimizing the environmental impact.
|July 9th, 2024|5:26 PM
Sustainability Governance
Concerns Over Impact of New EU Reporting Rules on M&A Activity
The European Union’s forthcoming Corporate Sustainability Reporting Directive (CSRD) is poised to reshape the landscape of mergers and acquisitions (M&A) across the continent. This landmark legislation, mandating comprehensive ESG disclosures, has raised significant concerns within the business community about its potential impact on M&A activity.
|July 9th, 2024|5:26 PM
Sustainable Materials
The Crucial Role of EPR in Achieving a Circular Fashion Economy
The fashion industry's rapid growth has led to severe environmental degradation, making Extended Producer Responsibility (EPR) for textiles essential for achieving a circular fashion economy.
|June 21st, 2024|10:03 AM
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Lenzing And Cobalt Fashion Partner With Exponent Envirotech To Revolutionize Fashion With ECOHUES™ Waterless Dyeing Technology
Lenzing and Cobalt Fashion partner with Exponent Envirotech to revolutionize fashion with ECOHUES™ waterless dyeing technology for wood-based cellulosic fibers.
|June 17th, 2024|1:01 PM
Sustainable Materials
Spinnova Continues Collaboration With Luhta Sportswear Company And Releases A T-Shirt Made With SPINNOVA® Fibre
Rukka, a brand under Luhta Sportswear Company, released a t-shirt made with 29% SPINNOVA® fibres in deep blue and white, as part of its 2024 Olympic collection, marking the first consumer product with SPINNOVA® fibres available online.
|June 13th, 2024|12:19 PM
Sustainable Materials
Ambercycle and Hyosung TNC Join Forces to Scale Decarbonized, Circular Polyester
Sustainable fiber manufacturer Hyosung TNC is partnering with Ambercycle, an innovator of textile-to-textile circular polyester material, to advance the commercialization of this decarbonized material innovation.
|June 13th, 2024|7:37 AM