Beyond regulatory compliance, ESG supply chain initiatives do deliver tangible business benefits, enhancing ESG performance and contributing to sustainable corporate growth. However, companies must also address substantial supply chain ESG risks, as sustainability challenges are projected to cost global companies $120 billion by 2026.
Companies are found in the middle of a regulatory quicksand with escalating geopolitical tension taking place globally, making it increasingly disorienting for them to cope with human rights compliance. Yet businesses can still do well while maintaining a balance between profitability and ethical standards if they follow practical approaches to risk assessment, supply chain management, and sustainable business procedures.
Can global brands create practical circular textile solutions? We explore how brands now run innovative collection programs and designs with the environment in mind and how the EU Strategy for Sustainable and Circular Textiles disrupts the industry’s future while highlighting successful case studies of brands that are leading the way in textile circularity.
