ESG Sustainable Procurement News and Updates
"Biodegradable Materials" News Archive
TômTex Secures $2.25 Million in Seed Funding, Surpassing $4.15 Million Total Raise
TômTex, a sustainable biomaterial producer, has secured $2.25 million in a seed round led by Happiness Capital, with participation from prominent climate-tech venture firms, marking a significant milestone for the visionary founder Uyen Tran.
The Unintended Consequences of Biomass
The launch of the Fashion Industry Charter for Climate Action has provided a promising avenue for holding the fashion industry accountable for reducing emissions.
The Sustainable Fashion Future Consists of Microbial Leather
Innovative companies such as Polybion, Riina O, and Le Qara are redefining the future of fashion for their groundbreaking leather alternatives.
Lenzing is on its way to Hitting its 2030 Environmental Goals
Backed by the Science Based Targets Initiative, Lenzing Group has released a report that reveals it’s “on track” to halve its CO2 emissions by 2030.
Textile Exchange Unveils Enhanced Preferred Fiber and Materials Matrix
Textile Exchange launched an updated open-source Preferred Fiber and Materials Matrix (PFMM), evaluating sustainability standards through 80 indicators, blending quantitative life cycle metrics with qualitative criteria for enhanced material choice understanding in sustainability.
Stella McCartney Unveils the Hult Prize for Revolutionizing Fashion with Banofi
Banofi, a banana leather producer, has won the Hult Prize's first-ever fashion-focused competition, earning $1 million in seed funding for their innovative sustainable leather made from discarded banana waste, presented by Stella McCartney.
KITOTEX®: How Candiani’s Innovative Technology is Saving Water
Created by Italian denim mill Candiani, Kitotex® is a breakthrough in water-saving technology that recycles the exoskeletons of crustaceans to create biodegradable yarn.
What Strategies and Innovations Does the Future Hold in Store for Sustainable Fashion?
The fashion industry is experiencing a surge in sustainable innovations, highlighted by Stella McCartney's use of seaweed-based fabric and new dyeing techniques leveraging bacteria and algae, as well as textile recycling’s triumph recognized by the H&M Foundation Global Change Awards.
Apparel & Textiles
Material Innovation & Circularity
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.
The FTC Heightens Scrutiny on Corporate Sustainability and Greenwashing Claims
Increasing scrutiny on corporate sustainability claims and greenwashing regulations prompts divergent perspectives and calls for stricter enforcement, while companies are urged to enhance governance controls and procedures to verify sustainability claims.
Our Community
TômTex Secures $2.25 Million in Seed Funding, Surpassing $4.15 Million Total Raise
TômTex, a sustainable biomaterial producer, has secured $2.25 million in a seed round led by Happiness Capital, with participation from prominent climate-tech venture firms, marking a significant milestone for the visionary founder Uyen Tran.
The Unintended Consequences of Biomass
The launch of the Fashion Industry Charter for Climate Action has provided a promising avenue for holding the fashion industry accountable for reducing emissions.
The Sustainable Fashion Future Consists of Microbial Leather
Innovative companies such as Polybion, Riina O, and Le Qara are redefining the future of fashion for their groundbreaking leather alternatives.