New York State Considers the First Fashion Sustainability Law in the U.S.
Pedestrians carry shopping bags in the SoHo neighborhood of New York.
Photographer: Nina Westervelt/BloombergThis article is for subscribers only.
New York would become the first state in the nation to require global fashion brands to disclose their climate and social impacts and take action to reduce greenhouse gas emissions under a bill introduced in the state legislature.
If passed and signed into law, the Fashion Sustainability and Social Accountability Act would apply to Armani, LVMH, Nike and other apparel companies with more than $100 million in annual worldwide revenues that do business in New York. Companies that fail to comply with the law may be fined up to 2% of revenues of $450 million or more, according to the legislation.