JAAF Sustainability Newsletter

August Edition

Dear Reader,

Thank you for being a part of JAAF’s sustainability newsletter. This newsletter is a part of JAAF’s efforts to respond to and serve Sri Lanka Apparel evolving needs especially through bridging the knowledge gap that exists in the Environment, Social and Governance Space.

So Welcome! to the August JAAF Sustainability Newsletter, featuring a selection of the latest developments in the sustainability space as it relates to the apparel industry in Sri Lanka. Through this information bridge JAAF aims to curate and communicate the latest developments in sustainability from across the apparel and textile sectors.

We look forward to your ongoing support and encourage you to engage with us by sharing this newsletter with your colleagues and peers in the Sri Lanka and afar. You can also subscribe to this newsletter directly by clicking the link below.

Don't hesitate to contact us at [email protected] if you would like to partner or better yet share the developments in sustainability with our community.

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Let us know the challenges you face in adhering to legal requirements in the Sri Lanka apparel sector. 
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Creation of an ESG Association SL.

Announcing the officially forming an ESG Association SL! As a member of this association, you'll have the opportunity to collaborate with like-minded individuals, contribute to our shared goals, and shape the future of our community.

To help us get started, please take a moment to fill out the attached Google Form. Your information will help us keep in touch, understand your interests, and ensure that our association reflects the needs and aspirations of all its members.
Join ESG Association

Events

The Sri Lanka Export Development Board, in collaboration with KPMG Sri Lanka, is organizing a seminar to address the critical challenges and opportunities facing the export industry due to the impact of EU regulations on ESG standards.

  • Date: Wednesday, 11 September 2024

  • Time: 10:00 am – 12:00 noon

  • Venue: Training Arena, 3rd Floor, NDB Tower

  • Participation Fee: Rs. 2,000/=

  • Contact : [email protected] (Tel: 011 2300721)

The Impact of 2024 European Elections on the Textiles Industry.

GFA Masterclass will delve into the shifting political dynamics and the fashion industry’s alignment with environmental and sustainability goals.

This session aims to provide a comprehensive understanding of the evolving landscape and guide the fashion industry and other stakeholders on who the new key actors for our sector will be.

  • Date: September 3, 2024

  • Time: 15:30 – 17:00 CEST

The Biggest Fashion & Innovation Event In The World

Talks by leaders in the industry, an exhibition of tech & fashion brands and startup pitch for investors.

Key Sustainability Legislations in the EU, US, and UK

“An Apparel Supplier’s Guide 2.0: Key Sustainability Legislations in the EU, US, and UK“ in light of the updated edition of our report for an overview of the most important sustainability-related legislation in the Global North and its implications for suppliers in the apparel value chain held on August 6th. 

JAAF Insights

ZDHC acts as the Manufacturing Restricted Substance List (MRSL) for apparel and textile industry, which includes a list of chemicals that are restricted and not permitted to be use in the manufacturing process of apparel and textiles.

Sustainability In Sri Lanka

Green Industrial Transformation in the EV and Textile Sectors in Sri Lanka: the Role of Financial, Industrial and Trade Policies

Sumith Siriwardana AGM - Group ESG CCL Group represented JAAF as a Panelist at the Green Industrial Transformation in the EV and Textile Sectors in Sri Lanka: the Role of Financial, Industrial and Trade Policies on 21st August 2024  at the Galle Face Hotel, Colombo. The Event was  organized by the United Nations Conference for Trade and Development (UNCTAD) and the Institute of Policy Studies of Sri Lanka (IPS),

 The workshop provided a platform to discuss on policy needs for green structural transformation in the supply chain of EV battery and ready made garment (RMG) sectors so that business and investment in Sri Lanka can respond to the new challenges and opportunities emerging as global markets respond to the needs of climate change. 

JAAF's Secretary General, Yohan Lawrence, participated in the main panel discussion at the event on "The Future of Fashion, Technologies & ESG Integration in the Textile Industry." He shared his insights and expertise alongside other industry veterans.

Cambridge Climate Quest, a self-paced study course designed for students in grades 8-12, will soon be available to all Sri Lankan students free of charge. This comprehensive program, offered in all three national languages, promises to equip young learners with essential knowledge on climate and sustainability.

Upon successful completion, participants will receive Cambridge certification. The course content has been meticulously created and curated by scholars from Cambridge Zero, the research wing of the University of Cambridge, which leads global efforts in climate and sustainability studies.

President Ranil Wickremesinghe yesterday said that Sri Lanka could lead South Asia in terms of Environment, Social and Governance (ESG) standards via greater public private partnership.

Speaking at the inauguration of ESG Summit organised by the Daily FT and Colombo University MBA Alumni Association with HSBC as Strategic Partner, the President also reiterated Sri Lanka’s commitment to achieving sustainable development goals and reaching net zero carbon emissions by 2040.

Sustainability In Textiles

The Dutch impact investor has announced it is selling all of its shares in the clothing industry, as none of the clothing companies meet the investor’s requirements in terms of sustainability.

These markers can be traced through every stage of the supply chain, ensuring that the fibers or raw materials used in regenagri products are genuine and meet the stringent standards set by regenagri. The testing method at each node is qPCR, which provides a forensic result. Haelixa’s reports comply with import and export regulations worldwide, providing proof of the product’s origination. The DNA testing by Haelixa provides a reliable third-party method to verify the data supporting the chain of custody.

Global Fashion Regulations

The Responsible Contracting Project (RCP) has published a policy briefing to help companies comply with the European Union's (EU) new Corporate Sustainability Due Diligence Directive (CSDDD).

The briefing focuses on commercial contracts with suppliers which it says are a key tool for companies to meet their human rights and environmental due diligence (HREDD) obligations.

Dr. Jannis Bischof, Professor from Mannheim Business School, and colleagues surveyed more than 2600 companies on environmental, social, and governance (ESG) in supply chains, including how important they consider non-financial indicators to be when selecting customers or suppliers, or how they rate the new standards for sustainability reporting.

They found that many companies hold a negative attitude towards current sustainability regulations, including the EU’s new sustainability reporting standards: 56% of companies without an ESG focus and 39.2% with an ESG focus rate the new standards for sustainability reporting as “rather negative” or “very negative”, describing the requirements as too bureaucratic and complex.

As the dust settles from the recent EU Parliament elections, the bloc’s attention is now drawn to the key events that follow and the government changes happening at a national level. So, after analysing the outcomes of the 2024 EU elections, it’s time for us to review the news around the EU Council and its 2024 – 2029 Strategic Agenda, especially in reference to Green Transition.

Neighborhood Watch

The Government of India has successfully engaged with the Green Climate Fund (GCF) to secure funding for eleven critical climate-related projects and programs. This collaboration, under the United Nations Framework Convention on Climate Change (UNFCCC), has resulted in an allocation of USD 782.4 million aimed at mitigating and adapting to climate change across various sectors.

Bal Raksha Bharat, also known as Save the Children India, has partnered with Swedish retail giant H&M Group on a circular economy project to “revolutionise waste management” in Bengaluru.

General

Seven countries – including Australia – may now back the Asian Development Bank's IF-CAP programme, amid optimism around the climate investment it will mean for Asia.

Publications & Resources

SRI LANKA’S BLUE ECONOMY. A position paper by UNDP Sri Lanka & Lakshman Kadirgamar Institute of International Relations and Strategic Studies 1.23 MB • PDF File
Sri Lanka Green Finance Taxonomy3.43 MB • PDF File
What to Expect from the EU’s Corporate Sustainability Due Diligence Directive?2.46 MB • PDF File
The Fashion CEO Agenda 202425.53 MB • PDF File
Key Sustainability Legislations in the EU, US, and UK12.85 MB • PDF File

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