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The National Chamber for Italian Fashion (Camera Nazionale della Moda Italiana – CNMI) and Ethical Fashion Institute (EFI), a programme of the International Trade Centre, a joint agency of the United Nations and the World Trade Organisation, have launched the ESG due diligence and corporate social responsibility reporting framework for the fashion industry and 2022 sustainable fashion awards.
For the first time, industry members will be evaluated using a system derived from the ESG due diligence and reporting framework being jointly developed with EFI and CNMI.
Candidates for the awards will be evaluated on their environmental, social and governance performance, using the logic of the metrics set by the ESG framework. The 2022 CNMI sustainable fashion awards will be held in on September 25 at Teatro alla Scala in Milan, Italy. The framework enables stakeholders to access a system integrating sustainability throughout the supply chain through processes of due diligence aimed at spotting, eliminating, and mitigating ESG risks.
The National Chamber for Italian Fashion (Camera Nazionale della Moda Italiana – CNMI) and Ethical Fashion Institute, a programme of the International Trade Centre, a joint agency of the United Nations and the World Trade Organisation, recently launched the ESG due diligence and corporate social responsibility reporting framework for the fashion industry.
The road map for this partnership is based upon the sustainable development goals, the UN guiding principles on business and human rights, the Paris Agreement, as well as the restoration of 4 of the 9 planetary boundaries that humankind has already trespassed. At the core of the roadmap is the need to ensure human rights are respected in all supply chains and full respect for the International Labour Organisation’s fundamental principles on labour and environmental legislation.
Simone Cipriani, chief and founder of the Ethical Fashion Initiative, said, “With CNMI we are pioneering sustainability in a way that’s transparent and based on a serious system of performance indicators. The industry will be ready for the upcoming EU legislation on corporate reporting with an ESG Due Diligence system that has been co-created with the industry. We are running out of time for serious action on ESG in fashion, and this is the way forward.”
“Today, more than ever, Camera Nazionale della Moda Italiana feels the responsibility to play its role in an institutional way and there is no higher institution than the United Nations to implement and promote sustainability in its broadest sense. It is the visions of the future, not those of the present, that must guide us in a process of awareness and transformation that promises to be exciting, in which, with its complexity and the values it represents, fashion can be an active sector in which it challenges the world that surrounds us and by that it plays an important role. It is in the direction of a new awareness, capable of listening to every voice, that the CNMI Sustainable Fashion Awards will become an annual opportunity to verify the state of the art and we are proud to collaborate closely with the Ethical Fashion Initiative,” commented Carlo Capasa, chairman of CNMI.
Fibre2Fashion News Desk (HO)
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