Companies will have 10 days to justify green claims about their products or face “effective, proportionate and dissuasive” penalties, under a draft EU crackdown on greenwashing seen by the Guardian. [EU to crack down on greenwashing with ‘proportionate’ penalties – Guardian]
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"
This is a statement contained in "Supply chain emissions, recycled textiles: Fashion's 2023 sustainability predictions", a Vogue report that describes the progress promised and achieved by the fashion industry in reducing environmental impact. According to the magazine, the fashion industry is still a long way from a 1.5°C target, but there are some encouraging signs.
The agreement achieves the goal of reducing CO2 emissions by 55% by the end of the decade. A new Emissions Trading System (ETS) and a Social Climate Fund (SCF). Power generators and heavy polluters covered by the ETS will have to reduce their pollution by 62% by the end of the decade, 1% more than initially proposed by the European Commission. Waste will be covered by the scheme from 2028, with potential derogations until 2030. [EU reaches deal on critical climate policy after marathon talks – Politico]
The certification body Bureau Veritas has certified plant-based tannin producer Tanac as a carbon-negative company. Leatherbiz explains that a forestry expansion programme and an increase specifically in its planting of black wattle trees has meant that for every tonne of CO2-equivalent of greenhouse gas that Tanac emits, its forests are removing seven tonnes.. [Bureau Veritas Certification Holding SAS - Tanac]
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