Latest news with #ESPR
Associated Press
14-05-2025
- Business
- Associated Press
Cascale Talks ESPR at Innovation Forum Sustainable Apparel Event in Amsterdam
Elisabeth von Reitzenstein, senior director of policy and public affairs at Cascale, recently took to the stage at Innovation Forum's Sustainable Apparel and Textiles Conference in Amsterdam to discuss Eco-Design for Sustainable Products Regulation (ESPR) and how brands can get ahead of implementation. Carsten Wentink, policy officer at the European Commission, joined her for a conversation moderated by Ian Welsh, publishing director at Innovation Forum. Von Reitzenstein noted the significant adaptations that ESPR will require, which will encourage manufacturers and brands to prioritize circularity, transparency, and innovation. She shared key requirements companies must fulfill to comply with ESPR, including proactively integrating eco-design principles, assessing their supply chains, and preparing for Digital Product Passports (DPPs). Von Reitzenstein highlighted the crucial challenges DPPs will present for businesses, particularly those not currently measuring their carbon impact across supply chains. Emphasizing the importance of gathering reliable information from the full scope of suppliers, von Reitzenstein acknowledged the difficulty in collecting comprehensive and accurate data throughout complex global supply chains. She highlighted Cascale's Higg Index tools, exclusively available on Worldly, and how they can support the collection, tracking, and analysis of supply chain data for regulatory compliance. She noted Cascale's continued efforts to support its members along their compliance journeys by providing resources, guidance, and collaborative platforms to navigate the new regulations. Presenting a global perspective, von Reitzenstein emphasized that companies must move beyond compliance to build genuine resilience. She underscored the critical role of education in understanding legislation, highlighting Cascale's 'Navigating Legislation & the Higg Index' webinar series, which explores how Cascale continues to evolve the Higg Index tools to support companies navigating the legislation landscape. She also shared Cascale's ongoing efforts to develop and share resources with its members and Higg Index users to ensure they are well informed and supported in their compliance journeys. Von Reitzenstein reiterated the vital role of industry input, emphasizing the EU's call for businesses to contribute ideas to shape effective eco-design rules and realistic implementation timelines. She reassured members that they are not alone in this journey, as Cascale continues to offer valuable resources and engagement channels for alignment. She also called on the need for collaboration, highlighting the crucial role of industry organizations like Policy Hub — a Cascale ecosystem partner — in uniting the industry's voice to shape the sector's future. Visit 3BL Media to see more multimedia and stories from Cascale
Fibre2Fashion
13-05-2025
- Business
- Fibre2Fashion
Inside the Indian textile sector's sustainability shift
Sustainability in the textile industry is more important now than ever before! Sustainability gaining in importance like never before, Fibre2Fashion spoke to the experts and those working in the realm of sustainability to understand better the diverse facets and changing dynamics of sustainability. In today's landscape, sustainability directly influences market access, brand reputation, and operational resilience, as per Akhil Sivanandan of Green Story. The sector annually consumes around 93 billion cubic metres of water while also being responsible for up to 8 per cent of global greenhouse gas emissions and generating nearly 9 per cent of microplastic pollution flowing into the oceans, as per some estimates. These staggering figures emphasises the textile industry's central role in addressing the triple planetary crises of climate change, biodiversity loss, and pollution. Yet, while environmental protection is often the most visible component of sustainability, it must be viewed in tandem with equally important pillars of social responsibility and economic development. Fibre2Fashion spoke to a few manufactures, experts and those working in the realm of sustainability to understand better the diverse facets of sustainability, its changing dynamics, the ground realties-opportunities and challenges, and the way forward. 'In today's landscape, sustainability directly influences market access, brand reputation, and operational resilience,' held Akhil Sivanandan, Co-founder & CEO, Green Story, adding, 'Sustainability is no longer a choice—it is a business imperative. From regulatory frameworks like the EU's ESPR and CBAM to shifting consumer expectations, the entire textile value chain is being called upon to demonstrate measurable impact reduction.' Green Story is a leading sustainability intelligence platform exclusively crafted for the apparel, accessories, and textiles industry. The platform helps brands unlock the potential of their sustainability data and achieve a better way of doing business. Akhil's perspective highlights the shifting global business climate, where sustainability is increasingly embedded in operational models, not only as a matter of ethics but also of competitive survival. Echoing this sentiment, Sabhari Girish, chief sustainability officer at Sulochana Cotton Spinning Mills (Tiruppur), offered his insight into sustainable manufacturing, stating it involves the 'creation of products that use processes which are non-polluting, conserve energy and natural resources and are economically sound and safe for employees, communities and consumers,' thus portraying sustainability as a holistic concept rooted in both planetary and human welfare. Adding further depth to the conversation, Anil Jadhav, regional director of Ecocert for South Asia and the Middle East, pointed out in an earlier discussion that sustainability is built on three fundamental pillars: environmental, economic, and social. He clarified that the focus placed on each of these pillars tends to vary depending on the product and industry, be it textiles, food, or other consumer goods, and hinges on consumer values and how brands choose to position themselves. Ecocert has been a global leader in sustainability certifications and consulting for over three decades, originally beginning with organic farming and later diversifying into various other sectors including textiles. The organisation now provides comprehensive services that include certification, training, and strategic advisory, making it a critical player in driving systemic sustainability. While there is noticeable progress, especially among Indian manufacturers who are striving to meet the international sustainability benchmarks, Sivanandan cautioned that 'the journey is uneven.' He elaborated that 'large export houses are making significant strides, especially in areas like traceability, carbon measurement, and circular design. However, many SMEs still face resource constraints and lack access to the tools needed to meet global requirements like the EU Green Deal or GHG Protocol.' This variance in progress underlines the unequal playing field that small and mid-sized enterprises often encounter, complicated further by the lack of infrastructure and funding. 'At Green Story, we have seen success when manufacturers adopt a phased, data-driven approach,' Sivanandan claimed. Beyond infrastructure and resources, mental and cultural barriers also pose considerable challenges towards sustainable endeavours, pointed out by Girish, who identified the 'mental barrier' as a primary obstacle. Consumer awareness is also a matter of concern, felt the chief sustainability officer of Sulochana Cotton Spinning Mills. 'The sustainability focus depends on the product being sold and the narrative that the brand wishes to promote. Whether it is addressing social issues or environmental challenges, the sustainability strategy is shaped by both the nature of the product and the values consumers expect from the brands,' underlined Jadhav. From a strategic standpoint, Sivanandan recommended that brands adopt a dual approach: reduce environmental impact at the source while simultaneously extending product lifecycles. 'On the operations side, this includes transitioning to renewable energy, optimising logistics, and improving demand forecasting to reduce overproduction. In terms of product strategy, it is about using recycled materials, designing for durability, and implementing take-back and resale programmes,' elucidated Sivanandan, adding, 'In India, we are seeing growing interest from both domestic and export-focused brands who want to showcase their circular practices with credible data. That's where our platform plays a pivotal role—translating intent into measurable, verifiable outcomes.' However, achieving such goals is not without its complications. N Thirukkumaran, chairman of Ess Tee Exports India Pvt Ltd (Tiruppur), laid out a broad range of challenges in this regard. He identified carbon emissions due to energy-intensive process, cost pressures (since sustainable materials and processes often cost more than conventional ones), lack of access to sustainable technologies/waste treatment facilities (in some developing regions), as some of the major challenges towards achieving sustainability in manufacturing. Notwithstanding the growing awareness about sustainability, a certain section of consumers still prioritised price and style over sustainability, felt Thirukkumaran as well, adding the lack of globally accepted standards and certifications further contributes to inconsistent practices and confusion in the marketplace. Esstee Exports is an established name in manufacturing and export of trendy and quality knitted readymade garments. Meanwhile, the matter of sustainable raw material availability also sparked divergent opinions within the industry. Thirukkumaran pointed out that eco-friendly materials like organic cotton, hemp, and recycled fibres are often in short supply and that the supply chain for these resources can be highly fragmented. He also noted that such materials are generally more expensive due to increased production costs, certification fees, and lower economies of scale. 'Yes, there are real challenges—supply constraints, cost volatility, inconsistent certifications, and sometimes a lack of performance parity with conventional materials,' agreed Sivanandan! But he also expressed hope, saying that the situation is improving as demand increases and the technology evolves. Meanwhile, Thirukkumaran offered a practical solution by advocating for stronger collaboration between brands and farmers/manufacturers to develop more stable and predictable supply chains, while also calling for Government support in the form of fiscal incentives and tax rebates for companies that invest in environmentally friendly technologies and materials. 'Government subsidies can help offset costs and accelerate the transition,' Thirukkumaran added. Girish, on his part expressed a more optimistic view on raw material availability, asserting that 'with more and more players in the industry showing interest in manufacturing eco-friendly raw materials, there is no dearth of sustainable materials.' However, Girish urged the industry and consumers alike to distinguish between genuinely sustainable products and those that are merely the result of greenwashing. 'Increased awareness and the ability to differentiate between a Green and a Green-washed product,' he feels, is essential to ensure the credibility and impact of sustainability efforts moving forward, to wind up on a positive note! Fibre2Fashion News Desk (DR)
Yahoo
06-05-2025
- Business
- Yahoo
Esperion Therapeutics: Q1 Earnings Snapshot
ANN ARBOR, Mich. (AP) — ANN ARBOR, Mich. (AP) — Esperion Therapeutics Inc. (ESPR) on Tuesday reported a loss of $40.5 million in its first quarter. On a per-share basis, the Ann Arbor, Michigan-based company said it had a loss of 21 cents. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share. The biopharmaceutical company posted revenue of $65 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $57.7 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ESPR at
San Francisco Chronicle
06-05-2025
- Business
- San Francisco Chronicle
Esperion Therapeutics: Q1 Earnings Snapshot
ANN ARBOR, Mich. (AP) — ANN ARBOR, Mich. (AP) — Esperion Therapeutics Inc. (ESPR) on Tuesday reported a loss of $40.5 million in its first quarter. On a per-share basis, the Ann Arbor, Michigan-based company said it had a loss of 21 cents. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share. The biopharmaceutical company posted revenue of $65 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $57.7 million.
Yahoo
03-05-2025
- Business
- Yahoo
Clothing prioritized in European Commission's 5-year plan
This story was originally published on Fashion Dive. To receive daily news and insights, subscribe to our free daily Fashion Dive newsletter. The European Commission has prioritized textiles, especially clothing, in its five-year working plan for implementing legislation outlined in the Ecodesign for Sustainable Products Regulation, or ESPR, which will begin this year, according to a press release. According to the plan, the commission will now, over the next five years, begin laying down specific requirements for product labeling and design. Those requirements will include minimum standards for a product's durability and recycled content, as well as mandatory digital product passports, per the press release. For clothing, these requirements need to be adopted in 2027, and apply to all products placed on the European market, regardless of their country of origin, or the size of the company producing them. ESPR was formally adopted by the European Commission last year, and the regulation is intended to help the European Union meet its environmental, circularity, and climate goals. The measure also harmonizes sustainability requirements and will 'level the playing field' across the EU's 27 member countries, which include 450 million consumers, per the working plan's details. Textiles, especially clothing, emerged as a top priority in the plan. The European market size for the sector, excluding footwear, is estimated at 78 billion euros, or about $88 billion. Although footwear is not included in the working plan currently outlined, a study will be commissioned to evaluate improving footwear's sustainability, to be completed by 2027. The current plan is intended to 'build up experience and capacity of ESPR to reach its full regulatory potential,' eventually expanding to other products, per plan documents. 'By setting clear priorities, we are providing legal certainty and predictability for the concerned industries, fostering innovation, and driving investment to support the transition to a circular economy,' Jessika Roswall, Commissioner for Environment, Water Resilience and a Competitive Circular Economy, said in the press release. Recommended Reading European Council adopts proposal to delay sustainability reporting Sign in to access your portfolio
