Explainer: Is the fashion sector ready for ESG legislation?

The article discusses the upcoming Environmental and Social Governance (ESG) legislation in the fashion industry. The European Commission has launched a sustainable strategy for the apparel sector, focusing on transparency, quality, and circularity. Several legislations, including Eco Design and waste management, have already been approved. The article emphasizes the need for achievable and enforceable legislation that involves all stakeholders globally. It also highlights the challenges faced by manufacturers in meeting sustainability demands while consumers and brands are not fully ready to support sustainable products. The article concludes by urging fashion suppliers to anticipate and meet buyer expectations regarding ESG requirements. [Extracted from the article]