A joint investigation by the Guardian, Die Zeit and SourceMaterial found that more than 90% of offset credits sold to protect portions of the rainforest are "ghost credits" and do not represent true reductions in carbon dioxide emissions. Gucci reacts through the public response of the certifier Verra, who denies the investigation. Vogue Business reflection is that "Carbon credits are defective. For now they are still needed"
The 20th National Congress of the Communist Party of China (CPC) opened. "China must accelerate the creation of a new development model and pursue high-quality development," Xi Jinping said. Luxury executives around the world will keep an eye on China this weekend for an update on its zero-Covid policy, which has devastated supply chains and forced store closures throughout 2022.
Open cell foam technology developer OrthoLite has said that its Cirql initiative, launched earlier this year, is already helping to put the athletic footwear industry on the road to a circular, sustainable future. [Circular convictions around OrthoLite Cirql rema - SportsTextiles]
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