Procter & Gamble shareholders overwhelmingly approved a proposal urging the company to issue a report that increases its efforts to eliminate deforestation, with the implication that more needs to be done. The vote was pegged a major victory for environmentalists concerned about P&G’s policies. Because of the company’s size and stature worldwide, it could send a loud statement to other consumer packaged goods manufacturers that paying attention to environmental issues is becoming a real factor with the public and Wall Street. The shareholder proposal, sponsored by the environmentally sensitive Green Century Equity Fund, passed Tuesday with over two-thirds of investors’ votes -- -and over the recommendation to vote against it from P&G’s board.
A three-year strategic roadmap to promote fashion supply chain sustainability and responsible procurement was launched in Singapore on 30 November between the Textile and Fashion Federation (TaFF) and PEFC International.
This partnership will drive greater awareness among TaFF members, partners, and stakeholders of the importance of legal and sustainable sourcing of materials, like fibre from the forests but also its packaging and natural rubber used in the sector.
Fashion supply chain sustainability and responsible procurement are critical to make sure that we all benefit from the many products that forests provide now while ensuring these forests will be around for generations to come.
It is now widely recognised by the business community that consumers expect brands to be environmentally friendly. Across the world, the fashion industry is responding.
This is also in line with the UN Fashion Charter for Climate Action, committing the industry to cut greenhouse gas emissions through global supply chains by 30% by 2030.
PEFC has been working with designers and the fashion industry for some years to show how fibre from sustainably managed forests can be turned into fashionable garments, demonstrating sustainability every step of the way.
more at: https://pefc.org/news/strategic-roadmap-launched-to-promote-sustainable-supply-chains-for-the-fashion-industry-in-singapore