News that more and more global fashion brands and retailers are striving to tackle sustainability continue to emerge as we enter Fashion Revolution Week 2019 (22-28 April) which promotes greater transparency in the fashion supply chain.
Elsewhere, US retailer Walmart is teaming up with international bank HSBC to roll out a sustainable supply chain finance programme that pegs a supplier's financing rate to its sustainability performance. Under the new scheme, suppliers that demonstrate progress on Walmart's Gigaton or Sustainability Index Program can apply for improved financing from HSBC based on their sustainability ratings.
Meanwhile German sportswear giant Adidas has launched a 100% recyclable performance running shoe called the Futurecraft.Loop, which is made without glue and from materials that can be broken down and reused to create a brand new running shoe.
And a company that produces sustainable textile fibres made from waste materials has raised EUR3.7m (US$4.2m) in funding from investors, including global fashion retailer H&M, to scale up production at its plant in Finland.
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