The FASHION TRACEABILITY News Thread #49 / DPP Preparation Guide / GFA Special Edition / Modern Slavery Act / and More...
GO TRACE - More Traceability, for Responsible Fashion
Traceability rules, tips, events, networking, tools, laws, training and more, for the clothing industry.
Welcome to the 49th GO TRACE Newsletter Edition, bringing you a curated selection of news on supply chain fashion traceability.
Hope you enjoy it!
?? INDUSTRY INSIGHTS
Mary Fellowes, in collaboration with the British Fashion Council, has published a white paper titled “Empowering Citizens for Garment Longevity,” emphasizing the importance of digitalization and consumer behavior in extending garment life. The report advocates for the use of QR codes and digital product passports to enhance transparency and sustainability in fashion.
Shein is shifting its IPO focus from the New York Stock Exchange to the London Stock Exchange due to political and regulatory challenges in the US. This move brings attention to Shein's labor practices, environmental impact, and the increasing global regulatory pressure on fast fashion, highlighting the industry's struggle with sustainability and ethical issues.
?? TRACEABILITY INNOVATIONS
Open innovation in addressing sustainability challenges in the fashion industry is important, aw welle as new legislation and the need for collective intelligence to achieve effective supply chain traceability and compliance with environmental regulations.
Intertek has launched its iCare platform in India. This digital portal allows textile manufacturers to manage and monitor their testing processes seamlessly, from sample submission to report delivery. iCare improves transparency and traceability by offering real-time status updates, a user-friendly interface, and direct communication with experts.
Country-level LCA data planned for cotton (2 min read)
The Better Cotton initiative and Cascale are developing lifecycle analysis (LCA) metrics for cotton-producing countries. This initiative is part of Better Cotton's €25 million traceability solution, allowing brands to track cotton throughout the supply chain.
?? BRAND INITIATIVES
Executives from Kering and Diesel discussed their roles in promoting material innovation at the Challenge the Fabric event. Kering’s Material Innovation Lab focuses on sustainable sourcing and rigorous testing of new materials, while Diesel emphasizes using regenerative, organic, and recycled materials. Both brands prioritize transparency and consumer education to enhance traceability in their sustainability efforts.
?? COMPLIANCE AND STANDARDS REVIEW
Modern slavery (5 min read)
The federal government’s Modern Slavery Act 2018 requires large entities to report on modern slavery risks in their operations and supply chains. A recent review suggested lowering the reporting threshold and imposing penalties for non-compliance. The article highlights the challenges of ensuring supply chain transparency, especially in regions known for slave labor, and emphasizes the importance of regulatory measures and transparency to address these issues.
?? DIGITAL PRODUCT PASSPORT INSIGHT
The Aura Blockchain Consortium has recorded over 40 million luxury goods on its platform, enhancing transparency and authenticity for high-end brands. This blockchain-based system helps brands like LVMH and Prada verify the provenance of their products, ensuring better traceability and combating counterfeiting.
TrusTrace has released a playbook to help fashion brands prepare for the EU's Digital Product Passports, providing step-by-step guidance on data collection and implementation, with insights from industry leaders.
?? ETHICAL TRACEABILITY INSIGHTS
SHEIN's fast fashion frenzy: A wake-up call for HR (4 min read)
The SHEIN scandal highlights the urgent need for ethical practices in fast fashion, focusing on HR's role in promoting sustainable growth and worker wellbeing. Reports of poor working conditions and unethical practices underscore the importance of balancing profitability with humane treatment of employees.
GFA releases special edition of Fashion CEO Agenda (2 min read)
The Global Fashion Agenda's new report emphasizes the importance of responsible purchasing practices to ensure fair compensation and living wages for garment workers. It highlights the need for equity, well-being, and the integration of sustainability into business operations to support worker rights and address economic instability.
领英推荐
?? CIRCULAR ECONOMY & SUSTAINABILITY
Leading fashion brands have joined the Ellen MacArthur Foundation's Fashion ReModel initiative to scale circular business models and decouple revenue from production. This initiative, announced at the Global Fashion Summit, aims to promote rental, resale, repair, and remaking, with a projected market growth to 23% of the global fashion market by 2030.
Experts emphasize that Bangladesh must develop a circular economy policy to sustain its readymade garment (RMG) exports to the EU, addressing challenges like waste management and meeting the EU’s circularity regulations. This is crucial for maintaining market access and ensuring the competitiveness and sustainability of the garment sector.
?? A BRIEF DEFINITION
Double materiality:
It refers to the concept that companies should consider not only how environmental, social, and governance (ESG) issues affect their business (financial materiality) but also how their business operations impact the environment and society (impact materiality). This approach encourages a more comprehensive assessment of risks and opportunities from both a financial perspective and a sustainability perspective.
?? UPCOMING EVENTS
Webinar in Italian
May 28, 2024, Time: 3:00 pm CET
Covering the functionality and implementation of the National Electronic Register for Waste Traceability in Italy to understand new compliance requirements.
OutDoor by ISPO, Munick, Germany
June 3, 2024, Time: 10:30 am - 11:30 am CET
June 3, 2024, Time: 11:30 am - 12:00 CET
June 3, 2024, Time: 1:00 pm - 1:30 pm CET
June 3, 2024, Time: 2:30 pm - 3:00 pm CET
Amfori Event, Brussels, Belgium
June 4, 2024, Time: 11:45 am CET
June 5, 2024, Time: 2:30 pm CET
June 5, 2024, Time: 2:00 pm CET
2024 Global Supply Chain & Trade Conference, Portland, Oregon
June 5, 2024, Time: 11:25 am - 12:15 pm
Thank you for tuning in!
We look forward to reconnecting with you next Tuesday morning for our upcoming 50th edition of the newsletter!