Gildan’s Post

Thematic research conducted by analytics firm GlobalData, encompassing a global survey on Environmental, Social, and Governance (ESG) strategy, reveals a significant shift in the priorities of apparel companies. An overwhelming 82% of these companies acknowledge that ESG considerations now play a pivotal role in shaping their investment decisions. This statistic underscores a transformative trend in the industry, signaling a heightened commitment to sustainability, ethical practices, and responsible governance. As the fashion landscape evolves, this growing ESG consciousness reflects a collective industry stance toward creating a positive impact on both society and the environment. Stay tuned: https://lnkd.in/gZD7YVJa #SustainableApparelForum #BDApparelExchange #ApparelSustainability #SustainabilityMatters

Although some says ESG is dead, it is not... all its aspects are and will continue to be critical for every business as it is related to how we as humam being are dealing with our lives, our environment and making that as transparent and acessible as possible. What do you think ? Sustainablity is just fashion or it does bring value to you and your business? What does #sustainability have to do with competitiveness? Survey says: Everything. Find out why. https://imsap.co/6040bzeXO

From start to finish, we make apparel with respect for the environment, people, circularity, communities, and transparency. Read more about our ESG journey here: https://lnkd.in/gRkKa_ZP #GildanRespects

Brandix continues to lead the pack on ESG

This week: The importance of thinking and acting positively and optimistically to achieve a climate breakthrough. Plus, a lab-grown leather breakthrough, and unintended consequences of anti-greenwashing legislation 👇 Selected by Noa Rataj-Mongelous. 1️⃣ STOP MOANING AND START ACTING: CAN ‘COLLECTIVE EFFERVESCENCE’ SOLVE CLIMATE CHANGE? (edie) Is pessimism stopping world leaders and business decision-makers from taking bold, credible climate action? Katherine Quinn, policy lead at the Cambridge Institute of Sustainability Leadership (CISL), believes so. READ: https://lnkd.in/e9Khkzdf 2️⃣ UK START-UP UNVEILS LAB-GROWN REAL LEATHER FOR LUXURY GOODS (Sandra Halliday / Fashion Network) A UK tissue engineering company, 3D Bio-Tissues, said it has “successfully produced lab-grown leather”. It’s only at sample stage for now but the team behind it believes it could be a game-changer for the luxury fashion sector READ: https://lnkd.in/ei9Kc4pJ 3️⃣ IS THE EU ABOUT TO GIVE SYNTHETIC FIBRE MAKERS A COMPETITIVE ADVANTAGE? (Sophie Benson / Vogue Business) An EU Green Claims Directive proposed by the European Commission intended to stop greenwashing, may play to the advantage of producers of synthetic fibres, say farmers. There’s a great deal at stake. READ: https://lnkd.in/eYZSxbQk 4️⃣ WHAT NEW RULES FOR KOJIC ACID MEAN FOR SKINCARE BRANDS (Nateisha Scott / Vogue Business) It’s a popular skin-brightening ingredient, but new restrictions in both the EU and the UK may impact the use of kojic acid as an ingredient. READ: https://lnkd.in/efBvyaDj 5️⃣ NEARLY 90% OF EXECUTIVES WANT COMPENSATION TIED TO HUMAN SUSTAINABILITY METRICS – DELOITTE SURVEY (Mark (Moshe) Segal / ESG Today) More than four out of five C-Suite executives agree that they need to be more accountable on human sustainability issues in their companies, and an even higher proportion want their compensation tied to human sustainability metrics, as they face increasing pressure from stakeholders and anticipate benefits from improvements in workforce well-being. READ: https://lnkd.in/eG7ypmMW 🗞️ To stay up to date with the latest sustainability news and get key industry insights and reports direct to your inbox, sign up to our newsletter: https://lnkd.in/edJa5UjB

This week: The importance of thinking and acting positively and optimistically to achieve a climate breakthrough. Plus, a lab-grown leather breakthrough, and unintended consequences of anti-greenwashing legislation 👇 Selected by Noa Rataj-Mongelous. 1️⃣ STOP MOANING AND START ACTING: CAN ‘COLLECTIVE EFFERVESCENCE’ SOLVE CLIMATE CHANGE? (edie) Is pessimism stopping world leaders and business decision-makers from taking bold, credible climate action? Katherine Quinn, policy lead at the Cambridge Institute of Sustainability Leadership (CISL), believes so. READ: https://lnkd.in/e9Khkzdf 2️⃣ UK START-UP UNVEILS LAB-GROWN REAL LEATHER FOR LUXURY GOODS (Sandra Halliday / Fashion Network) A UK tissue engineering company, 3D Bio-Tissues, said it has “successfully produced lab-grown leather”. It’s only at sample stage for now but the team behind it believes it could be a game-changer for the luxury fashion sector READ: https://lnkd.in/ei9Kc4pJ 3️⃣ IS THE EU ABOUT TO GIVE SYNTHETIC FIBRE MAKERS A COMPETITIVE ADVANTAGE? (Sophie Benson / Vogue Business) An EU Green Claims Directive proposed by the European Commission intended to stop greenwashing, may play to the advantage of producers of synthetic fibres, say farmers. There’s a great deal at stake. READ: https://lnkd.in/eYZSxbQk 4️⃣ WHAT NEW RULES FOR KOJIC ACID MEAN FOR SKINCARE BRANDS (Nateisha Scott / Vogue Business) It’s a popular skin-brightening ingredient, but new restrictions in both the EU and the UK may impact the use of kojic acid as an ingredient. READ: https://lnkd.in/efBvyaDj 5️⃣ NEARLY 90% OF EXECUTIVES WANT COMPENSATION TIED TO HUMAN SUSTAINABILITY METRICS – DELOITTE SURVEY (Mark (Moshe) Segal / ESG Today) More than four out of five C-Suite executives agree that they need to be more accountable on human sustainability issues in their companies, and an even higher proportion want their compensation tied to human sustainability metrics, as they face increasing pressure from stakeholders and anticipate benefits from improvements in workforce well-being. READ: https://lnkd.in/eG7ypmMW

Read between the lines. News headline: "SHEIN launches €200 Million Circularity Fund in the UK and the EU and commits to investing €50 million in broader ESG efforts." Bigger picture: The largest fast-fashion retailer, with an inherently wasteful business model that ships garments by airfreight, will invest 15% of its *annual* profit over five years to showcase ESG efforts that have no real impact on its business. This is not even funny 🤬 The answer to sustainability issues of fast fashion is not venture investment. It's less fast fashion. #fastfashion #greenwashing #circularity

After looming for years, the threat of universal, mandatory ESG / CSR reporting has been suddenly swapped out for voluntary disclosures based on "materiality" - making it potentially much harder to benchmark fashion's footprint 🌏 🦶 Our analysis of the unexpected shift in sustainability directives, and more perspectives on the top industry stories in this week's new analysis: interli.net/3KracPe #fashiontechnology #sustainability

Despite the politics, ESG is getting real. Real scrutiny is coming from regulators (not always in your country of origin), activist groups and customers. Scrutiny is leading to litigation and liability is reaching farther into the supply chain and subsidiaries. Company Boards can no longer pass responsibility for the accuracy or aggeration of sustainability claims in sustainability reports and disclosures. Ecolumix is using real data to provide insights relative to a facility's, subsidiary's, or supplier's actual performance and risk. We think our profiles are a must have for corporate boards and executive leadership.

Sustainability is now a C level issue. ACBC is helping companies along this deep transformation journey. Pioneering #Sustainability in the #Fashion sector through advanced R&D, Ethical procurement and #ESG Advisory Services. Discover more 👇🏼 https://acbc.com