The report is a groundbreaking and unique collaboration amongst apparel suppliers. Legislators in the Global North, including the European Union (EU), UK, and US, are driving significant efforts to enact sustainability-related legislation. These laws have the potential to impact companies beyond their jurisdictions, making it crucial for businesses to understand their implications. The report analyses the legislative landscape and helps suppliers navigate the changing requirements, the involved companies said in a joint press release.
The report highlights the importance of determining whether companies are directly or indirectly in-scope of these legislations. It emphasises that even indirect in-scope companies may still face significant impacts and potential legal liabilities. By engaging with the factsheets and compliance recommendations provided in the report, companies can proactively prepare for compliance and mitigate potential risks.
Key points and trends outlined in the report include increased demands for supply chain visibility and traceability, more stringent codes of conduct, heightened reporting requirements, and the need for suppliers to implement due diligence processes.
As a group, the companies encourage fellow suppliers to discuss the implications of sustainability-related legislation with their customers, allocate sufficient resources for compliance, and seek opportunities to engage with policy makers. The report emphasises the importance of aligning sustainability policies and practices with the evolving legislative landscape to stay ahead in the industry.
Fibre2Fashion News Desk (NB)