Fashion
Japan’s Fast Retailing secures fourth CDP A List for climate change
Fast Retailing’s Initiatives
Fast Retailing was included on CDP’s A List for climate change for the fourth consecutive year and water security for the third time since 2022, reflecting strong transparency.
In November 2025, it raised its supply-chain greenhouse gas reduction target to 30 per cent by 2030 from a FY2019 baseline, with SBTi approval, while continuing water risk assessments and forest protection efforts.
Fast Retailing promotes sustainability initiatives as an integral part of its business, centered on its “LifeWear” philosophy of creating high quality clothing that improves the lives of all people around the world. In the area of climate action, the company is strengthening its efforts aiming to achieve net-zero egreenhouse gas emissions by 2050. In November 2025, Fast Retailing announced that it would raise its greenhouse gas emissions reduction target* across the supply chain to 30% (against FY2019 baseline) from the previous target of 20%. This new target has also been approved by the Science Based Targets initiative (SBTi) as a science-based target (SBT), and is in line with the level of decarbonization required to achieve the goals outlined in the Paris Agreement.
Commenting on the recognition, Yukihiro Nitta, Fast Retailing Group Executive Officer responsible for sustainability, said: “Fast Retailing is accelerating its transition toward a business model that eliminates waste by making, transporting, and selling only the products that customers truly need. Through this approach, we aim to achieve both global business growth and long-term sustainability. In addressing climate change–our highest-priority issue–we are further strengthening our initiatives, including raising our Scope 3 greenhouse gas reduction targets for 2030 in close collaboration with our production partners. We are also advancing water security initiatives by conducting comprehensive risk assessments and implementing actions based on those findings. We believe our continued efforts to work alongside stakeholders, to pursue initiatives that meet globally expected standards, and to maintain highly transparent disclosure have all contributed to our inclusion on this year’s CDP A List.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
India’s manmade yarn market ends 2025 on cautious optimism
India’s manmade yarn market closed 2025 with modest price gains amid average-to-better demand.
Higher cotton, polyester and PTA prices, along with a weakening rupee against the USD, lifted PC, polyester and viscose yarn rates across key markets.
Demand support remained uneven, with payment constraints and thin year-end trade limiting momentum despite expectations of improved lifting in January.
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Fashion
Vietnam to implement 7.2% minimum wage hike effective Jan 1, 2026
Hourly minimum wages will also be revised nationwide, ranging from VND17,800 to VND25,500 (~$0.68-$0.97) per hour. These rates will form the statutory basis for wage negotiations and payments, ensuring that employees paid on a monthly, hourly, daily or output basis receive no less than the prescribed minimum once converted.
Vietnam will implement a nationwide minimum wage hike from January 1, 2026, raising monthly wages by 7.2 per cent on average, with regional and hourly rates also revised.
The changes are accompanied by new policies on labour registration, administrative enforcement, agricultural land-use tax and technology transfer, alongside clearer rules to strengthen labour market governance and compliance.
Monthly minimum wages will be revised across all four regions, with the highest levels set for region 1 and the lowest for region 4.
The updated regulations are being introduced alongside a broader set of new measures covering labour registration, administrative penalties, agricultural land-use tax and technology transfer linked to major railway infrastructure projects.
New rules on labour registration and the labour market information system will take effect, clarifying registration procedures for workers, unemployed persons and those not covered by compulsory social insurance, as per Vietnamese media reports.
From the same date, updated provisions governing the enforcement of administrative sanction decisions will be implemented, outlining clearer principles, processes and responsibilities to strengthen lawful and effective execution.
Fibre2Fashion News Desk (SG)
Fashion
Cruise 2027 moves to the US, signalling a luxury power shift
Cruise 2027 marks a strategic pivot as major luxury houses shift their destination shows to the US.
With New York, Los Angeles and Aspen becoming key stages, the move reflects where spending power, cultural influence and retail potential now converge.
For the textile and apparel sector, this signals tighter timelines, US-centric material needs and faster feedback loops between runway and retail.
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