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1. ESG should be boiled down to one simple measure: emissions. Although ESG is often well-meaning it is deeply flawed. It risks setting conflicting goals for firms, fleecing savers and distracting from the vital task of tackling climate change. – Read More on the Economist

2. Retail bankruptcies still low — for now: S&P estimates that the chances of default — which is measured by share price volatility and country and industry-related risks — are an average of 4.5% for publicly traded retailers. – Read More on Axios

3. Valentino to open first monobrand stores in India after Reliance deal: Though small for a country of its size, India’s luxury market is set to be one of the fastest growing in the industry. It will nearly double in size to almost $5 billion within five years, Euromonitor estimates. – Read More on Reuters

4. Rep. Maloney Introduces the Fashioning Accountability and Building Real Institutional Change (FABRIC) Act of 2022: The bill addresses issues in the apparel manufacturing industry such as the exploitation of essential workers, offshoring, and an aging workforce by implementing measures that would advance workplace rights, protections, and manufacturing incentives to solidify the U.S. as the leader in responsible apparel production. – Read More on House.Gov

5. What Sustainability Risks Are Woven Into Fast Fashion? Companies with brand-led intangible asset economic moats, resulting pricing power, and potential volume leverage are best placed to share pain with their suppliers to weather this risk. – Read More on Morning Star