SUSTAINABILITY
“ Fashion retailers are concerned that ESG efforts will at best be seen as token change , and at worst , greenwashing ”
LAURA GIBSON HEAD OF SUSTAINABILITY , CORE UK
Also driving change is the European Commission ( EC ), which has announced plans to make far-reaching changes to a key sustainability reporting directive . Under the old EC directive , around 11,000 EU companies with more than 500 employees were obliged to report on their sustainability and ESG practices .
But under the new Corporate Sustainability Reporting Directive ( CSRD ), as many as 50,000 EU companies will be obliged to disclose transactions across their value chains and , unlike the previous system , the data will have to be digitised .
106 May 2022