"Sustainability Governance" News Archive

The evolving discussion on double materiality holds significant implications for accounting standards and finance, with the IFRS set to determine its direction before COP26, shaping the path towards a net-zero economy.

The EU's adoption of the Global Reporting Initiative (GRI) template ensures smooth compatibility with the Corporate Sustainability Reporting Directive (CSRD), streamlining reporting processes and fostering harmonization, thereby addressing challenges arising from heightened reporting requirements.

Recyclability in California requires meeting strict criteria, including widespread collection, sorting in large-volume facilities, adherence to plastic packaging guidelines, and avoiding materials like PFAS and specific chemicals that hinder recyclability.

The AAFA opposes Washington State's PFAS legislation, deeming it unnecessary, and calls for alignment with existing national standards while emphasizing industry efforts to phase out PFAS.

The European Union has banned vague environmental marketing claims, requiring terms like "environmentally friendly" and "climate neutral" to be backed by concrete evidence, marking a significant move to combat greenwashing and protect consumers.

Explore the vibrant landscape of global fashion trade with the United States Fashion Industry Association (USFIA), a three-decade champion of international commerce, dedicated to breaking down barriers and fostering the growth of the U.S. fashion industry.

The European Commission introduced the Green Claims Directive on March 22, 2023, in response to increased consumer demand for eco-conscious products, aiming to combat greenwashing and promote transparency in environmental claims.

The European Union has achieved a landmark provisional agreement, requiring large companies in the bloc to proactively tackle adverse environmental and human rights impacts in their supply chains through the Corporate Sustainability Due Diligence Directive (CSDDD).

The UK government aims to ban deforestation-linked commodities like palm oil and soy through the Forest Risk Commodities Scheme, targeting large businesses, but concerns about loopholes remain.

Two years into the commitment to halve emissions by 2030, major fashion brands, including ASOS and Primark, have achieved only a 2% reduction, as revealed by NGO WRAP's recent report on the Textiles 2030 initiative.