Currently, there is no timeline of if / when this bill will pass.
The new law says that businesses operating in New York have to provide more transparency about their supply chain, disclose the environmental and social impacts of their practices, and report any targets or strategies for impact reduction. Businesses that do not comply with the law could be fined up to 2 percent of their annual revenue of $450 million or more, money that will be given to environmental justice efforts.
But some outside experts think this initial effort isn’t enough, citing the bill’s requirement for brands to map just 50 percent of their supply chain. “This bill is a good step, but it needs to be more concrete and comprehensive. The fashion supply chain is very complex, and it is vital to have transparency and accountability,” Anupama Pasricha, professor of fashion design and merchandising at St. Catherine University, toldWhile Pasricha says that the bill “positions” New York to become a sustainable fashion leader, she warns that as currently written it leaves “wiggle room or gaps that may muddy the intended outcome.
The bill is currently in committee. It is unclear whether it will make it to the assembly floor for a vote this year. New York state’s currentSubscribe to get the best Verge-approved tech deals of the week.Please confirm your subscription to Verge Deals via the verification email we just sent you.
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