In this magazine we have always keep you updated on all the latest fashion news on sustainability. So, we just couldn’t not let you know about the new green index that will involve the entire industry within the EU.
The Standard Ethics European Fashion & Luxury Index
Approximately one month ago, Standard Ethics, independent rating agency in the field of sustainability, has announced the launch of the SE European Fashion & Luxury Index. The publication is expected for the first half of 2023, with a review every six months. According to a statement by the agency: “the fashion and luxury sectors represent a heritage, also cultural, for the entire European Union and provide an important economic contribution. Sustainability has become a priority for many and the pressure to be aligned with the indications of the supranational organizations (EU, UN and OECD) has accelerated the positioning of the most innovative brands and groups”.
The SE European Fashion & Luxury Index aims to provide an overview on the level of sustainability within the industry and to evaluate the progress made. The analysis will allow companies to compare the annual strategies on the issue with those of the other operators and to improve their approach to align themselves with international guidelines.
The reshoring trend: an opportunity for environmental reputation
Nonetheless, developments in the ecological field do not stop here. Reshoring, or bringing production back to the originating country or to short range locations, has been a hot topic for several years now. A trend that today is even more relevant, considering the difficulties in getting supplies that all industries have been experiencing for the last 24 months. The question does not only concern costs or logistics, but also sustainability.
Often, in fact, the main motivation that pushes the textile segment (and others) toward local solutions is something else: seizing an opportunity to consolidate one’s reputation in the environmental area. A choice that best satisfies market demand, avoiding waste of overproduction and ensuring efficient delivery times, and that enhances the excellence of local areas and Made in Italy.
Milan Fashion Week closes in green
In this increasingly ecological context, the fashion weeks could be no less. Just a few weeks ago, Milan Fashion Week closed with the award ceremony for the Cnmi Sustainable Fashion Awards 2022. An event in the name of sustainability, the result of the joint efforts of various organizations: the National Chamber of Italian Fashion, the Ethical Fashion Initiative of the United Nations, the International Trade Center, the Ministry of Foreign Affairs, the Italian Trade Agency (ICE) and the City of Milan.
The key figures of the awards were people and organizations who have distinguished themselves in the Italian and international fashion scene. This thanks to the commitment to sustainability in the highest terms, that is for vision, innovation, commitment to craftsmanship, recognition of differences, circular economy, human rights and environmental justice. The type of companies, basically, that Bizeta has always supported with its own technologies.
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