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The Prada fashion group has become the first luxury brand to sign a sustainability-linked loan. This type of loan (amounting to $55 million for Prada) links annual interest rates to practices that help the environment.
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Yesterday the Ellen MacArthur Foundation (known for their efforts to make apparel more sustainable) announced new guidelines to make denim more sustainable with the goal of making jeans last longer, ensuring that they can be remade into new jeans at the end of their use, and are made in ways which are better for the […]
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By Miro Korenha and Alexandra Patel Fashion house Prada is transforming the material used to make its iconic nylon bags and accessories, which have been a brand staple since 1984, into something more sustainable. The company is partnering with Aquafil, an Italian textile producer, to produce sustainable nylon, Econyl. This material can be continuously recycled, […]
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The fashion industry is one of the most resource-intensive and polluting industries in the world. According to a report published in the journal Nature Climate Change last year, textile production produces 1.2 billion tons of CO2 equivalent per year, which is more emissions than international flights and maritime shipping. There hasn’t yet been a global governing body that tackled the issue of fashion sustainability in a coordinated manner and that’s why this week the United Nations announced that it will officially launch the UN Alliance on Sustainable Fashion on March 14th, during a media event of the 4th U.N. Environment Assembly in Nairobi, Kenya.
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