H&M Invests $600M in New Textile-to-Textile Recycled Polyester Venture: Syre
H&M Group and Vargas Holding introduce Syre, a new venture aimed at expanding the scale of textile-to-textile recycling for polyester.
The EU's Corporate Sustainability Directive Fails; Renewcell Files for Bankruptcy; Funding for Next-Gen Materials Surges; Reflaunt-DHL Partnership Forged
Welcome to Week/End, your quick-hit guide to this week’s sustainability news at the intersection of fashion, ethics, sustainability, and business.
What Happened in Sustainable Fashion News This Week: EU Nears Ban on Unsold Textile Destruction, Bestseller and H&M Group Partner on Bangladeshi Wind Farm, and More!
The European Commission moves closer to banning unsold textile destruction, while COP28 sees major brands like Bestsellerand H&M Group championing a pioneering wind energy project in Bangladesh. Meanwhile, Stella McCartney unveils an innovative, recycled plastic-based parka.
H&M Group Launches Green Loan Program to Support Suppliers in Reducing Emissions, Net-a-Porter Launches Rental, Puma Successful Tests Fully Biodegradable Sneaker
This week, in sustainable fashion, H&M launched a groundbreaking green loan program to reduce emissions, while Puma tested a fully biodegradable sneaker. Other highlights include a bold art installation challenging clothing waste, Remake's grant for worker advocacy, Bluesign®'s transparency initiative, Valentino's first sustainability report, and Net-a-Porter's venture into luxury fashion rental.
