CSRD news and archive

Is the EU simplifying or weakening corporate sustainability standards?

The European Union has introduced a raft of sustainability regulations to ensure that companies meet certain due diligence and reporting standards. But recent political moves have raised concerns that these laws, still in their infancy, could be weakened before they are even properly implemented. This raises an important question: could the EU...

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How to comply with the CSRD? Frontrunner Schijvens Corporate Fashion shares the tips for SME companies

Schijvens Corporate Fashion is a leader in sustainability and has taken a pioneering role in preparing for the CSRD. Although the reporting requirement is not yet in effect for SMEs, the Brabant-based family business, which falls into this category, has already provided sustainability information with its latest annual financial statement...

BusinessFeatured

The 7 biggest sustainability reporting mistakes that damage fashion brands’ reputation

The end of the year is approaching, bringing with it a recap of everything accomplished over the past months. December is a time for wrapping up, and fashion brands begin preparing their annual reports. Sustainability stands out as the key focus in non-financial reports. Whether due to regulatory requirements or the need to convey transparency...

BusinessFeatured

“Status of German Fashion 2024”: Between tradition and digitalisation

The Fashion Council Germany (FCG) and eBay Germany recently published the study “Status of German Fashion 2024”, which, in conjunction with the research institute Oxford Economics, examined the economic significance of the German fashion industry (clothing, footwear, accessories, bags and jewellery). The study also looked at the key challenges...

Background

Comprehensive reporting on sustainability is or will become mandatory: Here's what you need to know about the Corporate Sustainability Reporting Directive (CSRD)

“Traditionally, financial reports have been the main focus of corporate reporting,” explains fashion professional Melissa Wijngaarden. Many companies compile annual reports that recount their activities over the last year. An integral part of this report is the financial statements, which summarize the company's financial situation. This allows...

Fashion Featured

New environmental regulation and a greenwashing crackdown: So what does that mean for fashion?

The EU’s Corporate Sustainability Reporting Directive (CSRD) was just passed in January 2023. Encompassed in the EU Strategy for Sustainable Textiles which itself is anchored among other wider schemes such as the Circular Economy Action Plan (CEAP) and The European Green Deal, the new CSRD will require nearly 50,000 qualifying large...