Updates

The first on-site monitoring visit after their USD 4.5 million investment, made in 2020, to Pratibha Syntex in India was held this week which already displayed fruitful results and positive financial, environmental, and social impact in Pratibha’s spinning, processing, and garment divisions.

The world's first regenerative sneakers — Degenerate — made with 100% plants and minerals and zero plastic, will decompose at end of life to birth something entirely new. The product comes from regenerative fashion company Unless Collective and plant based material innovation company Natural Fiber Welding.

Plant-based indigo innovator Stony Creek Colors’ Series B2 funding round of $4.8 million will allow it to further refine its innovations, as it advances toward scale.

Inversa Leathers has launched the first ever collection made with invasive dragonfin leather in collaboration with Teton Leather Company.

With focus largely on emissions and net-zero, a critical area facing a bigger risk perhaps relates to water — flood risks and fast-depleting water quality, according to a WWF study. And, the warning is grimmer for clusters in India and Pakistan.

The European Council has approved the corporate sustainability reporting directive (CSRD) which means that companies will soon be required to publish detailed information on sustainability matters.

UK's largest circular fashion enabler, Advanced Clothing Solutions (ACS), has partnered with Circularity Capital, with an investment of £10 million to meet its expansion plans.

Ireland’s Circuléire initiative that aims to assist manufacturers and their supply chains to switch from linear to circular business models, has been extended with additional funding of €1.5million.

The projected 2030 average carbon footprint of fashion consumption (measured in CO2e) for G20 countries is the highest in Australia, and the lowest in India. On average, the emissions of the richest 20% were 20 times higher than the emissions of the poorest 20%, according to a recent study.

Brands, retailers and producers of manmade cellulosic fibres (MMCF) are yet to pull up their socks on NextGen materials. Goals for NextGen production, expressed as a percentage of their total production, remain very low, says CanopyStyle's Hot Button Report.