All Article articles – Page 74
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ArticleBrompton plans new headquarters and factory in Kent
According to information on Ashford City Council’s website, local folding bike company Brompton Bicycle Ltd. has submitted a development request for a new corporate headquarters facility, including a new factory, in the city of Kent in southeastern England. On Feb. 24, the proposals for the new factory were approved in ...
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ArticleNew website greenwash.com aims to unveil false promises on specific products
During the London Fashion Week 2022, The Changing Markets Foundation and activists network Extinction Rebellion launched greenwash.com, a new platform to highlight greenwashing in the fashion and sports industries. The website aims to offer a transparent and objective valuation of the green promises made on specific products with the “wash ...
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ArticleUSWE reports net sales growth of 119% in Q3
Swedish USWE Sports AB, founded in 2007 and listed on the Nasdaq First North Growth Market since June 2021, reported net sales of SEK 23.3 million (€2.19m) for its third quarter (ended Dec. 31, 2021), up 119 percent from SEK 10.7 million (€1.01m) in the year-ago period. Operating income before ...
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ArticleCompass Diversified foresees slower growth in 2022, postpones 5.11 IPO
Compass Diversified (CoDi), citing supply chain and inflationary issues and lower year-over-year demand for products within its Velocity Outdoor rifle, crossbow and ammunition business, is forecasting a temporary slowdown in its 2022 growth rate that will likely be lower than its long-term growth rate target. Also, the Connecticut-based company, whose ...
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ArticleEOCA’s 2022 sustaining members provide funding to support conservation efforts
Since the European Outdoor Conservation Association (EOCA), the European outdoor industry’s initiative to protect wilderness areas, launched its Sustaining Membership program in 2015, a number of committed companies have agreed to fund the association’s core costs. This vital support allows 100 percent of membership fees donated by members to go ...
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ArticleThe IdeaList
Committed, convinced and confident: people we call idealists, whose achievements - small and large - stand out for a more sustainable world. They have inspired others, founded movements or protected regions. Some of them have been seen and heard, others less so. But all of these idealists have proven themselves ...
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ArticleFinancial bottlenecks of Shandong Ruyi group: creditors seek control over Lycra
According to the news service portal Reuters, the creditors of the indebted fashion conglomerate Shandong Ruyi Technology Group will seek control of fiber manufacturer The Lycra Company after Ruyi failed to repay a $400 million loan it took out to buy the company. The creditors were quoted saying that Ruyi ...
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ArticleSustainability State Of Industry Survey
For the first time, EDM Publications conducted a survey among its readers on the topic of sustainability in January. The privilege of gaining access to an elite pool of decision-makers and asking them for their opinions was exceptionally exciting. This survey is not intended to be the only one. We ...
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ArticlePolygiene Q4 sales jump despite logistics, raw material supply challenges
Polygiene saw revenues in the fourth quarter rise by 51 percent to 40.2 million Swedish kronor (€3.7m) as demand for its anti-microbial products continued to be strong, but logistics challenges and raw material shortages also persisted. In the fourth quarter, operating profit before tax totaled SEK 6.2 million (€578,120), making ...
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ArticleWolverine delivers strong Q4 results; Merrell and Saucony with record annual revenue
Wolverine Worldwide swung to a better-than-expected annual profit and narrowed final-quarter losses, boosted by its recent acquisition of Sweaty Betty, the U.K.-based brand of women’s fitness apparel, and it forecast sales growth of 15-18 percent for 2022. The Michigan-based owner of Merrell, Saucony, Sperry, Keds and other brands reported a ...
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ArticleGo ahead and greenwash!
In the fight against climate change, companies must now take responsibility and step up efforts in the area of climate protection. This is true even if strategies and plans are not yet perfectly developed. Inaction and hesitation out of fear of possible criticism harm everyone: the climate and the companies ...
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ArticleCircular Economy: Where all the threads come together
The adage “good things come to those who wait” does not apply to the tasks ahead for a low-emissions industry responding to the climate crisis, the biodiversity and nature crisis, and the pollution and waste crisis. Part of these urgent tasks is to advance existing recycling capabilities. A critical part ...
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ArticleLeading the pack
Some industry executives are thinking further ahead. They have visions. And they act. They have understood. And they share. And they seem to be better at connecting the dots. In our first edition of the EDM Sustainable Business Special, we introduce the first four individuals we consider to be true ...
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ArticleReGenerative Agriculture: A way for clothing to exchange its bad reputation for a force for good?
At the end of 2021, COP26 centered around the climate crisis that has brought global temperature rising to center stage and how there is a need to take carbon out of the atmosphere. This year, COP15 needs to have as much attention as it focuses on restoring global biodiversity. The ...
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ArticleOn the hunt for green trappers: Greenwashing and the EU legislation
Greenwashing, meaning advertising environmental initiatives without actually implementing sustainable business practices, is more than common, misleading consumers with promising advertisements or claims about a product’s true benefits. According to a Deloitte survey of U.K. customers, 34 percent of consumers do not choose sustainable products because they perceive a lack of ...
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ArticleSalewa introduces the “committed” sustainability label
Source: Salewa With the shipping of the spring 2022 collection, a new sustainability label will be marking the most conscious choices of the Salewa collection. The first pieces labeled with the “Salewa committed” seal are hitting the stores with the Lavaredo climbing collection. 243 parts of the ...
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ArticleEngaging with the sustainable consumer: A journey without an end goal
The latest NXT Sustainable Consumer Report 2022, conducted by Swedish market analyst Fredrik Ekström from Above the Clouds, aims to cut through the fog of uncertainty around sustainability and reveal a journey we’re on, as consumers and brands. In his contribution to the EDM Sustainable Business Special, he explains the ...
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ArticleSustainability reporting: New standards on the horizon
In April 2021, the European Commission issued its proposed changes to sustainability reporting in the EU. The new paper’s name that will replace the current Non-Financial Disclosure Directive (NFD) is the Corporate Sustainability Reporting Directive (CSRD). Except for micro-entities, the new CSRD sets out the non-financial information that companies should ...
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ArticleHave you done the math? Growth – the elephant in the executive suite
We need new business models that are not predicated on selling more stuff to more people. World Resources Institute Because of the global context of our “here and now,” there is truly not much more to say. I might finish with nothing more than the above quote. After ...
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ArticleSecond bike stock index and certificate ex-USA
In 2021, the first public donation bike certificate from Daubenthaler & Cie. based on the world’s first bike index celebrated its stock market debut with the “BeneFaktor Zertifikat Bike”. Now the German asset manager follows up with the “BeneFaktor Index Bike ex-USA,” which went live on Feb. 21 with index ...
