Insights
- Copenhagen Fashion Week’s May bulletin dives into European policy and its impact on fashion.
- With the European Parliament’s final session concluding on April 25, key agreements like the Corporate Sustainability Due Diligence Directive and ESG Ratings Regulation were approved.
- Upcoming elections are crucial as new MEPs will influence future policies.
Copenhagen Fashion Week has published its May policy bulletin that takes a deep dive into the European policy landscape and its significant implications for the fashion industry. With the European Parliament concluding its final session of the 9th parliamentary term on April 25th, 2024, and the European Elections scheduled to take place on June 6-9, the bulletin focussed on the major agreements approved, such as the Corporate Sustainability Due Diligence Directive, the Packaging and Packaging Waste Regulation, and the ESG Ratings Regulation.
The European Parliament’s final session marked the end of a significant legislative period. Members of the European Parliament (MEPs) gathered for plenary sessions in Strasbourg or Brussels to discuss and vote on crucial issues. The discussions and approvals made during these sessions will have far-reaching impacts on various sectors, including fashion.
Despite the progress made, not all negotiations between European Union (EU) co-legislators (parliament and council) were finalised by the end of the legislative term. Some proposals by the European Commission remain unresolved due to disagreements in interinstitutional negotiations or the inability of national governments to establish a common position, Copenhagen Fashion Week said in its May policy bulletin.
Copenhagen Fashion Week’s May bulletin dives into European policy and its impact on fashion.
With the European Parliament’s final session concluding on April 25, key agreements like the Corporate Sustainability Due Diligence Directive and ESG Ratings Regulation were approved.
Upcoming elections are crucial as new MEPs will influence future policies.
With the European Parliament elections approaching, the newly elected MEPs will soon begin their term. They will need to align themselves with one of the seven parliamentary groups or choose to remain unaffiliated, which could limit their influence. Following the announcement of election results, the new MEPs will have a month to settle in Brussels and decide on their committee memberships. The first plenary session of the new term is scheduled for July 16 to 19, 2024.
As the bulletin highlights, the upcoming European Parliament elections are crucial. The decisions made by MEPs have a direct impact on various industries, including fashion.
Fibre2Fashion News Desk (DP)
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