NY Fashion Week & Sustainability

What is happening? Council of Fashion Designers of America has pledged to achieve a net-zero goal by 2050.

Why is this important? Some fashion law types say that fashion houses banding together to achieve sustainability may run afoul of antitrust regulators. EU regulators did raid fashion houses over antitrust concerns.

How will this be important? “There are emerging tensions between E.S.G. and antitrust,” said William Kovacic, a former Federal Trade Commission chairman, referring to environmental, social and governance goals. “A vocal group of commentators say antitrust enforcement treats cartels very harshly and that unduly inhibits firms from pursuing environmental and social goals.”

NY Times | How ‘sustainable fashion’ could run afoul of antitrust regulators.