Compliance: Page 2
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Shein factory employees work 75-hour weeks for low wages: report
Following allegations from human rights group Public Eye, the fast fashion giant said it invests tens of millions of dollars into strengthening its supply chain governance and compliance.
By Laurel Deppen • May 16, 2024 -
Q&A
Regulations could improve ESG in fashion, but Worldly exec says it’s not enough
James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.
By Laurel Deppen • May 15, 2024 -
California Gov. Newsom says climate bills are ‘funded’ in his revised state budget
The governor’s original budget proposal for 2024-2025 left out funding needed to implement climate disclosure bills SB 253 and SB 261 — an omission met with much criticism.
By Zoya Mirza • May 15, 2024 -
EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
By Zoya Mirza • May 9, 2024 -
FTC lawsuit on Tapestry’s merger with Capri could have wider implications
The complaint demonstrates the agency’s recent crackdown on “serial acquisitions,” a practice that has become more common across industries.
By Laurel Deppen • April 25, 2024 -
Human rights and environmental legislation approved by European Parliament
The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.
By Lauren Schenkman • April 25, 2024 -
FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings
The commission alleges the deal prevents competition between brands at both companies and gives Tapestry a dominant share of the “accessible luxury” handbag market.
By Lara Ewen • April 22, 2024 -
Cotton used by H&M and Zara linked to illegal deforestation: report
A year-long investigation by nonprofit Earthsight found that fiber certified by ethical supply chain organization Better Cotton was grown on "stolen" and "deforested" land in Brazil.
By Lauren Schenkman • April 18, 2024 -
DHS unveils ‘enhanced strategy’ to fight illicit trade in textile industry
The plan includes cracking down on small shipments that fall under the de minimis exemption and benefit fast fashion giants such as Shein and Temu.
By Lauren Schenkman • April 11, 2024 -
Fashion fails to keep ‘grandiose promises’ on sustainability, human rights: report
Major brands haven’t improved their practices compared to last year, according to the 2024 Remake Fashion Accountability Report.
By Lauren Schenkman • March 29, 2024 -
SEC to face all climate rule challenges in U.S. 8th Circuit Court of Appeals
The agency had nine legal challenges to its rule requiring public companies to disclose certain climate risks consolidated into one venue.
By Lamar Johnson • March 26, 2024 -
Workers’ rights and environmental legislation endorsed by European Union
The Corporate Sustainability Due Diligence Directive would require companies to take responsibility for detecting and remedying problems in their supply chains.
By Lauren Schenkman • March 15, 2024 -
How the SEC climate rule will impact manufacturers’ supply chains
Even with scope 3 emissions left out of the new rule, contract manufacturers should be prepared to report emissions data as more states adopt disclosure requirements, experts say.
By Kate Magill • March 13, 2024 -
The Council of the EU and European Parliament reach deal on forced labor product ban
The provisional agreement includes clarity on assessing potential violations.
By Laurel Deppen • March 6, 2024 -
Sustainable Apparel Coalition rebrands as Cascale
The move follows the December exit of CEO Amina Razvi and the organization’s step back from the Higg Materials Sustainability Index.
By Lara Ewen • Feb. 27, 2024 -
SEC to scrap scope 3 reporting from climate disclosure rule: Reuters
The omission could create a compliance conundrum for companies that still need to report scope 3 under the EU’s CSRD and California’s climate regulations.
By Zoya Mirza • Feb. 27, 2024 -
Deep Dive
7 fashion industry trends to watch in 2024
The coming year will bring fast fashion battles, more mergers and acquisitions, an evolution of luxury and a presidential election, and that’s just for starters.
By Laurel Deppen and Lara Ewen • Jan. 12, 2024 -
Temu app contains ‘most dangerous’ spyware in circulation: class action lawsuit
The complaint alleges that the fast fashion giant gains access to “literally everything on your phone” once its app is downloaded.
By Laurel Deppen • Updated Nov. 13, 2023 -
Bangladesh stalls decision on garment workers’ minimum wage
As protests turned deadly, a government board tasked with setting wages for garment workers agreed to reduce the number of pay grades, but did not meet its Nov. 1 deadline.
By Lauren Schenkman • Nov. 3, 2023 -
Deep Dive
New regulations seek to expose fashion greenwashers’ true colors
In Europe, governments plan to prohibit fashion companies and other industries from making vague or misleading environmental claims, and the U.S. could soon do the same.
By Lauren Schenkman • Nov. 1, 2023 -
Adidas case slapped with amended complaint for violating ESG policies
Shareholders amended the class-action lawsuit against the sportswear brand, which accuses it of failing to disclose ESG and DEI violations made by rapper Ye in a timely manner.
By Zoya Mirza • Oct. 26, 2023 -
Amazon crimes unit referral nabs court win in China
Prada and other brands received a favorable ruling in the case following the e-commerce giant's effort to curb the sale of counterfeit luxury products.
By Laurel Deppen • Oct. 24, 2023 -
Adidas requests new trial in Thom Browne infringement case
A jury found the luxury fashion brand not liable for the sneaker giant’s complaints in January.
By Laurel Deppen • Oct. 23, 2023 -
Shein faces copyright infringement complaint
The legal complaint is the latest for the fast fashion giant, which recently faced copyright charges under racketeering laws.
By Laurel Deppen • Oct. 13, 2023 -
Abercrombie & Fitch facing investigation over former CEO’s behavior
The law firm is investigating whether Abercrombie’s top leadership breached “their fiduciary duties” to their shareholders.
By Laurel Deppen • Oct. 9, 2023