This is how the sporting goods industry deals with CSR & Sustainability – Page 16
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ArticleAll Good Things closes Series A financing, plans to expand UK store network
All Good Things, a UK-based independent retailer founded in 2019 selling exclusively used, torn or repaired clothing, announced that it has received a £2.5 million (€2.93m) equity investment. The funding was provided by Souter Investments in conjunction with a broad range of experienced former retail employees, including Ben Barnett (former ...
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ArticleFESI responds to EU’s ESPR proposal with key concern
The Federation of European Sporting Goods Industry (FESI) has welcomed the EU Parliament’s July 12 adoption of the report on the European Parliament’s Ecodesign for Sustainable Product Regulation (ESPR) proposal. However, it has raised concerns over elements concerning the destruction of unsold goods and how reporting requirements will affect safeguarding ...
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News briefsReport highlights investment needed in materials supply chains for net-zero conversion
Global decarbonization goals have sparked a “materials transition.” A new report by management consulting firm McKinsey & Company explains the actions that will be required in materials supply chains to safeguard the speed of the transition. According to the report, with the decarbonization trajectory trending toward 2.4°C, ...
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News briefsThe FA launches new five-year sustainability strategy
The Football Association (FA), the governing body of English associative soccer, has announced a new five-year sustainability strategy. Dubbed “Playing for the Future,” the new strategy sets the body’s environmental ambitions until 2028 and beyond. The plan focuses on three core areas: “Shoot for net zero,” aiming to achieve ...
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ArticleAuditors declare EU has made “very little progress” in transition to a circular economy
The EU has made “very little progress” in its transition to a circular economy, according to a report published by the European Court of Auditors (ECA). More than 10 billion euros of investment has had little impact, with a lack of circular design and circular manufacturing processes being blamed. The ...
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News briefsBrooks enters resale market with ReStart program
Brooks Running has launched a new program reselling refurbished used Brooks footwear in the U.S.. The ReStart program will sell “lightly used” running shoes at three quality levels: “Like New,” “Great,” or “Good” condition. The move is part of Brooks’ sustainable consumption strategy in support of the United Nations Sustainable ...
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ArticleNGO calls recycled plastic products “avoidance strategies”
AN NGO has denounced as “avoidance strategies” five tactics to deal with waste deployed by some of the biggest companies in the world
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ArticleMAS Holdings invests in HeiQ AeoniQ
MAS Holdings, a global apparel and textile group headquartered in Sri Lanka, has secured an investment in HeiQ AeoniQ™ to support the development of next-gen cellulosic filament fibers to replace polyester and nylon. MAS Holdings is the largest apparel and textile manufacturer in South Asia with sales of approximately $2 ...
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ArticlePuma commits to bovine leather from verified deforestation-free supply chains
Puma has joined the Deforestation-Free Call to Action for Leather, launched by global non-profit organizations Textile Exchange and Leather Working Group (LWG), to create equitable, transparent and deforestation-free leather supply chains. The cross-industry initiative asks brands to commit to sourcing their bovine leather from deforestation/conversion-free supply chains by 2030 or ...
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News briefsTrusTrace releases a second industry playbook featuring Asics
TrusTrace has released its second industry playbook, The Traceability Roadmap: A practical, step-by-step guide to implementing traceability in supply chains. With the free Traceability Roadmap, businesses can find out how to define needs, set goals, outcomes, success indicators, and return on investment to ensure cross-functional buy-in. The ...
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News briefsAmazon to bring first Rivian electric delivery vehicles to Europe
Amazon has announced the launch of new customized electric delivery vehicles in Europe from Rivian, a publicly traded U.S. electric car manufacturer based in Plymouth, Michigan. More than 300 of these vehicles will enter service in Germany – in the Munich, Berlin and Düsseldorf areas – in the coming weeks. ...
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ArticleUNEP and UN Climate Change release the first Sustainable Fashion Communication Playbook
The United Nations Environment Programme (UNEP) and UN Climate Change have released the first Sustainable Fashion Communication Playbook, a practical guide for communicators across the global fashion industry on how to align consumer-facing communication with sustainability targets. The 96-page document was presented at the recent Global Fashion ...
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News briefsFootball equipment market to grow 2.59% CAGR by 2027, propelled by eco-friendly products
The football equipment market is estimated to grow by $2,021.66 million from 2022 to 2027, representing a compound annual growth rate of 2.59 percent during the forecast period, according to a recent research report by Technavio. Europe, which accounted for the largest share of the global market in 2022, is ...
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ArticlePangaia and Goldwin first to join Spiber’s “Biosphere Circulation” program
Japanese biotechnology start-up Spiber has introduced the “Biosphere Circulation Program,” a breakthrough method for upcycling biobased and biodegradable textile and agricultural waste through the use of the company’s proprietary fermentation technology. The main objective of the program is to develop a global solution to produce fully recyclable textile products that ...
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News briefsFreitag to offer free bag rentals this summer
Hot on the heels of its first fully recyclable backpack, Swiss bag manufacturer Freitag is now launching a free rental service for travel bags this summer. Source: Freitag The F511 Skipper and F512 Voyager from Freitag Between June 28 and Aug. 23, members of the benefit program ...
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ArticleAllbirds is giving away the secrets of its net-zero shoe
Allbirds has released the details of its net zero carbon shoe, M0.0NSHOT, and, in a bid to encourage competitors to create their own version, is giving away its entire methodology.
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ArticleHamburg Declaration to combat physical inactivity renewed, IOC supports efforts
Despite individual political efforts, including the German Prevention Act in 2015 and, in 2020, the World Health Organization’s “Global action plan on physical activity,” the trend toward global inactivity has not yet been significantly reduced or even reversed. Renowned scientific societies and organizations have therefore been calling for years on ...
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News briefsFreitag presents first fully recyclable backpack
The first fully recyclable backpack from Swiss bag manufacturer Freitag is not made of recycled truck tarpaulins or PET bottles as before. All parts of the new backpacks called Freitag Mono[PA6] – from the waterproof fabric to the straps and buckles – are now made of a single material, polyamide ...
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News briefsLululemon joins Sorting for Circularity USA while Adidas becomes the project’s lead sponsor
Lululemon has joined the Sorting for Circularity USA project as a seventh external brand partner. Furthermore, Adidas has become the project’s lead sponsor. Sorting for Circularity USA was launched in January 2023 by Amsterdam-based Fashion for Good and Circle Economy, building on the learnings from Sorting for Circularity Europe and ...
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News briefsNike commits to Responsible Wool Standard
Nike has committed to using certified wool sourced with Responsible Wool Standard (RWS), which means that the brand will now source only certified non-mulesed wool. Animal welfare organization Four Paws International said in a statement that Nike “changed its CSR policy by committing to the certified Responsible Wool Standard in ...
