ESG Sustainable Procurement News and Updates
"Smart 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.
Decoding Double Materiality: Unveiling its Significance and Impact
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.
Adidas Partners with Rheon for Innovative Performance Apparel
Adidas' Adizero Control collection, featuring RHEON™ technology, redefines athletic apparel by minimizing energy wastage and enhancing running performance through innovative, patented materials.
Loop Industries and Ester Industries Forge Joint Venture for Sustainable Polymer Innovation
Loop Industries, Inc. and Ester Industries Ltd. are forming a 50/50 joint venture in India, the India JV, to build and operate a cutting-edge Infinite Loop India manufacturing facility, advancing sustainable polymer production.
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.
Hyosung Undergoes Textile Innovation to Replace Synthetic Fibers
Hyosung is pioneering sustainable alternatives in synthetic materials like polyester and spandex, demonstrating a commitment to diverse, eco-friendly options amid varying industry sustainability goals, showcased through innovative products at global trade events.
Advancing Circularity: Eastman's Commitment to a Sustainable Future
Eastman leads the charge in recycling hard-to-recycle plastics into premium materials, epitomizing innovation with its groundbreaking molecular recycling facility in Kingsport, Tennessee.
Reformation Launches New Eco-Swimwear Line
Reformation has enhanced its sustainable swimwear materials, using the previous launch's recycled ECONYL regenerated nylon leftovers as well as a new, non-synthetic, and renewable material made of a bio-based fiber called EVO by Fulgar.
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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.
Decoding Double Materiality: Unveiling its Significance and Impact
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.
Adidas Partners with Rheon for Innovative Performance Apparel
Adidas' Adizero Control collection, featuring RHEON™ technology, redefines athletic apparel by minimizing energy wastage and enhancing running performance through innovative, patented materials.