Textile Exchange's 'First Global Baseline' for fashion biodiversity, sentiments and updates on COP26, as well as major regenerative funding.
On Tuesday, at the U.N. climate summit COP26 in Glasgow, Amazon Inc. announced it has helped mobilize $1 billion to protect the world’s tropical rainforests, as part of the Leaf Coalition, a public-private initiative to halt deforestation through financing.news Tuesday. The Estée Lauder Cos. Inc. released its fiscal 2021 social impact and sustainability report, Primark launched a circular denim line in line with the Ellen MacArthur Foundation guideposts and the U.S.
The reasoning is clear. “Guess wants to contribute to the global voice and to urge leaders to prioritize action on climate, we want all leaders to prioritize our world and our future,” Carlos Alberini, chief executive officer of Guess Inc., said in a statement to WWD. As is a growing standard among fashion, the company set science-based targets in line with halving its owned emissions by 2030.
Marcial Vargas-Gonzalez, innovation strategy lead at global sustainability strategy firm Quantis, said events like COP26 are “mostly political,” adding “the right messages are there, but what we are often lacking is how it translates into action….What I’ve come to realize is that most companies don’t really understand what the implications of inversing that trend or tendency is.
The San Francisco-based company is only one year old, but already counts Hide Biotech and Seqana innovations in its portfolio.
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