OECD news and archive

The path forward: OECD perspectives on company-union agreements' role in shaping responsible business practices

During the Organisation for Economic Co-operation and Development (OECD) forum on due diligence in the garment and footwear sector, which took place in Paris from February 19 to 23, prominent experts delved into the potential of legally binding agreements voluntarily adopted by companies and global trade unions. Representatives from various...

Fashion Featured

Regulation, data, harmonisation: How fashion is cracking down on greenwashing

As mounting consumer interest for more environmentally friendly fashion options has accelerated in recent years, so too has an increase in greenwashing - where companies exaggerate their environmental credentials by offering vague or misleading information about the products they sell. But just what can be done to combat such a widespread and...

Fashion Featured

OECD Forum: The challenges and opportunities of adopting circular business models

As fashion brands face mounting pressure from consumers, legislators, and investors to improve their sustainability credentials, they are increasingly shifting to new circular business models. These transitions simultaneously bring with them exciting opportunities, as well as new challenges in terms of due diligence as companies build additional...

Fashion Partner Content

Global suppliers band together to improve purchasing practices

Industry Associations from Turkey, Indonesia and Morocco join Asian Associations in IAF and STAR Network Initiative on 'Manufacturers Payment and Delivery Terms' Four major industry associations, the Indonesian Textile Association (API), the Turkish Clothing Manufacturers Association (TCMA), the Istanbul Ready-Made Garments Exporters'...

Fashion Partner Content

IAF and ITMF, in collaboration with the ITC, unveil SCI at OECD Forum

An initiative to accelerate reduction of audit and standard fatigue During a side session organized by the International Textile Manufacturers Federation (ITMF) and the International Apparel Federation (IAF) at the OECD Forum on Due Diligence in the Garment and Footwear Sector held online from February 1st to February 5th, the two organizations...

Retail

Trade in fake goods worth nearly half a trillion dollars

Imports of counterfeit and pirated goods are worth nearly half a trillion dollars a year, 461 billion dollars, accounting for around 2.5 percent of global imports, according to a new report by the Organisation for Economic Cooperation and Development (OECD) and the EU’s Intellectual Property Office. US, Italian and French brands are the hardest...