Tag Archives: sustainable

Minister Ng meets the British Secretary of State for International Trade | Instant News

Yesterday, His Excellency Mary Ng, Minister for Small Business, Export Promotion and International Trade, met virtually with Liz Truss, Secretary of State for International Trade for the UK.

Minister Ng and Secretary of State Truss discussed the importance of trade between the two countries to ensure a sustainable and sustainable global economic recovery from the Covid-19 pandemic.

They discussed the recent Canadian-UK Memorandum of Understanding, signed in December 2020, which sets out individual countries’ commitments to ensure the continuation of preferential tariff treatment until the Canada-UK Trade Continuity Agreement (TCA) is ratified and implemented. Minister Ng reiterated that he hopes to work with all Canadian lawmakers to adopt this important law as quickly as possible to provide the business continuity they need. Minister Ng stated that he hopes to launch negotiations for a new comprehensive free trade agreement with the UK, with a focus on supporting small businesses, women, the environment and digital commerce. Minister Ng also welcomed Britain’s formal interest in acceding to the CPTPP.

Minister Ng and Secretary Truss discussed the benefits of multilateralism in trade including the work done at the WTO. Minister Ng reiterated Canada’s interest in working with Britain in the WTO to advance the mutual interests of the two countries, particularly in the areas of trade and the environment, as well as trade and health. Minister Ng stressed the need for multilateral cooperation in order to strengthen global supply chains and facilitate the flow of essential medicines and medical supplies, particularly in the context of the COVID-19 pandemic. The two agreed that they hope to work together during Britain’s G7 presidency to advance their common priorities.


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6 Sustainable Stylish Brands that are Upcycle | Instant News

In a world where we are overwhelmed by piles and piles of goods, people are becoming more intense with their purchases, seeking environmentally friendly options to add to their wardrobe.

Today, there are many sustainable brands that are devoted to the well-being of our planet and are committed to minimizing the fashion industry’s carbon footprint through the adoption of ethical practices. Retail giants like it H&M and Gap has even decided to take part in the green train after the detrimental effect of fast fashion widely published in the last decade.

Many brands are trying to reduce, reuse, and recycle their source materials and stock, making sustainable shopping easier than ever. Among the emerging green keywords, upcycling has not just become a DIY trend but something that is mostly used by designers and retailers circular design practice. While both recycled and recycled fashion materials can be reused, the recycled mode does not require further processing to break them down before they can be used as textiles. To help you sort out lots of new files sustainable rising brand, OFFICIAL rounded up six fashion brands that love recycled materials and clothing that you should consider investing in this 2021.


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Sustainability bonds are fashionable among fashion brands | News | Instant News

Hong Kong property developer New World Development (NWD), owner of the K11 property, became the first real estate developer in the world to sell US dollar-based sustainability-related bonds (SLB) last Friday.

In doing so, the company raised US $ 200 million and is also committed to achieving 100% renewable energy for its Greater Bay Area rental properties within the next five years. So, the future K11 will use more solar panels and wind turbines to generate power. This move will also benefit fashion brands committed to sustainability in their operations and help fashion brands achieve their renewable energy mission in stores.

NWD maintains a 5 star (highest) rating on the Global Real Estate Sustainability Benchmark (GRESB) in 2019 and 2020. “Businesses must take timely action to combat climate change,” said CEO Adrian Cheng.

Green branding is nothing new, but collaboration between brands and developers is on the rise as fashion brands are the most prominent tenants of these shopping centers, and fashion brands seem to value sustainability more than ever. They are looking for a greener place to set up their shop.

The move relates to an industry labeled as the second most polluting industry by the United Nations Conference on Trade and Development (UNCTAD) in 2019. Within a year, global fashion brands rushed into fashion issuing fashionable and greener bonds.

Path announced in September 2020 that it was brought up € 600 million via SLB, the first ever fashion brand. Therefore, Chanel needs to use 100% renewable electricity by 2025 in all of its stores, which encourages it to look for places with high-tech and renewable energy missions to help achieve these goals.

British rival Burberry announced its own SLB that same month, and aimed to achieve climate neutrality by 2022.

In an era of pandemics and financial problems, ESG commitments (environment, sustainability and governance) are not only injecting greener energy but also real money into the fashion industry. Ferragamo secured € 250 million in sustainability loan for ESG targets in June 2020. Moncler secured a loan commitment of € 400 million in July 2020. And Prada signed a contract with Credit Agricole for sustainable lending in November 2019.


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Fashion for Good Project: Tracing sustainable viscose from fiber to finish | Instant News

Facilitated by Fashion for Good, the Viscose Traceability project is a collaboration with a leading brand BEST SELLING and Dry which will provide eight garment models to be tracked for trials, with fiber sourced from three of the leading sustainable viscose producers. TextileGenesisTM will provide their blockchain solution and platform to trace the origins of viscose used in garments along the supply chains of the two participating brands. This supply chain, which consists of spinners, weavers, knitters, dyes and garment makers, spans a total of eight countries to reflect real-world complexity and various supply chain scenarios to fully test the flexibility and scalability of the platform.

The project builds on lessons learned from the Organic Cotton Tracing Pilot 2019, which investigated the technical feasibility of blockchain and physical tracers using organic cotton as the primary fiber. The Viscose Traceability Project’s ambition goes beyond technical viability, however, it goes a step further to explore, in detail, the next steps needed to make a traceability solution not only effective, but also scalable at a commercial level across sectors.

After demonstrating the technological feasibility of the TextileGenesisTM platform and its ability to integrate chain of custody certification in previous pilots, this project will focus on demonstrating the global application viability of solutions across the viscose supply chain. Success will be measured by the flexibility of the solution – being able to operate across multiple supply chains; solution interoperability – collecting data from multiple platforms into a single system; and scalability – global implementation across multiple brands, fiber producers and supply chains.

The scope of this project focuses on tracing viscose fibers from production to retail. To do so, the project leverages the impact work of the CanopyStyle initiative to remove ancient and endangered forest fibers from viscose production and to support the adoption of forest certification standards such as FSC, to address traceability at the beginning of the supply chain from forests to viscose fiber production.

Three fiber producers, Lenzing, ENKA and Tangshan Sanyou were selected for their “Green Shirt” ratings on the Canopy Hot Button Report and reputation as leaders in the field of sustainability. Through this consortium platform, Canopy and TextileGenesisTM have further developed their partnership: the TextileGenesisTM platform upgrade will integrate Canopy hot button rating data and the next-generation line of viscose that will not only be available for participating pilot brands, but also for all other brands using the platform. .

Following the completion of the pilot by the end of 2021, a joint report detailing the main findings and best practices will be shared publicly.


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