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China's energy "13th Five-Year Plan" once again raised its low-carbon targets.

China's 13th Five-Year Plan for Energy Raises Low-Carbon Targets Again. China's 13th Five-Year Plan for Energy is perhaps one of the most closely watched energy development blueprints in the world. It will have a profound impact on China's carbon footprint over the next five years, given that it is the world's second-largest economy and largest carbon emitter. On January 5, 2017, the National Energy Administration of China finally released this highly anticipated plan, which includes a series of 2020 targets covering everything from total energy consumption to wind power capacity. One noteworthy point is that through the 13th Five-Year Plan for Energy, China may have once again raised its low-carbon ambitions, highlighting the urgent need for this smog-ridden country to achieve energy transition. Last March (2016), China released the "Outline of the 13th Five-Year Plan for National Economic and Social Development (2016-2020)," which included a series of climate and energy targets, such as setting an energy consumption ceiling and increasing the proportion of non-fossil fuels in the domestic primary energy mix to 15%. If we view this "top-level plan" as China's comprehensive development plan for the next five years (2016-2020), then the 13th Five-Year Plan for Energy is a "sub-plan" in the energy sector. This plan will include more specific objectives, thereby guiding policy-making, public spending, and project planning in the energy sector. The Chinese government has already clearly outlined many goals for 2020 in the "Energy Development Strategy Action Plan (2014-2020)" and the 13th Five-Year Plan.

Greenpeace releases "Click Green Report," including Acer, ASUS, and other major telecom companies in its global ranking.

Greenpeace Releases "Click to Green Report": Acer, ASUS, and Baidu Included in Global Ranking. To accelerate the development of renewable energy among businesses, Greenpeace released the "Click to Green Report" on the 19th, comparing the use of renewable energy in the global and Taiwanese ICT industries. The results found that Taiwan's ICT industry has significantly improved its energy information transparency, outperforming well-known companies such as Amazon and Baidu. Tsai Szu-ting, Greenpeace's Renewable Energy Project Director, stated, "Energy information transparency is a crucial first step in developing renewable energy, and Taiwan's ICT industry has made significant progress, which is commendable." However, in areas such as renewable energy use, procurement, and advocacy, Taiwan's ICT industry still lags far behind international brands like Apple and Google. In response, Tsai specifically mentioned the recently passed amendment to the Electricity Act, which allows for the direct sale of renewable energy to users. Tsai stated that this important opening allows companies to conduct "Power Purchase Agreements (PPAs)," with businesses taking the lead in accelerating the development of Taiwan's renewable energy trading market. This will not only enhance the international trade competitiveness of businesses but also allow Taiwan to move towards becoming a green energy powerhouse! The "Click Green Report" assessment criteria include five main aspects: energy information transparency, renewable energy commitment, energy efficiency and carbon reduction, renewable energy procurement, and initiatives. The assessment results are graded A, B, C, D, and F, with A representing the best performance and F indicating a failure in specific areas.

The circular economy initiative has generated $8 billion in revenue for businesses.

Circular Economy Initiatives Generate $8 Billion in Revenue for Businesses. According to an industry survey conducted by the US-based sustainability consultancy Pure Strategies, large companies implementing circular economy initiatives and improving resource efficiency earned over $8 billion more in 2015 compared to their peers. The survey results show that corporate sustainability actions can deeply embed a brand in the public consciousness, thereby boosting sales, motivating employees, and reducing risk and costs. These large brands that have profited from implementing sustainability initiatives will invest more in sustainability projects in the future to build a sustainable corporate image. Pure Strategies invited 153 globally renowned companies with annual revenues of at least $250 million to complete this industry survey questionnaire, spanning industries such as food and beverage, apparel and footwear, biotechnology and medical products, electronics and appliances, home care and cleaning, personal care and cosmetics, and department stores. The corporate sustainability initiatives in the questionnaire included actions related to climate change, resource efficiency and the circular economy, sustainable agriculture, and chemical substance management. Of the surveyed companies, 43% increased revenue by more than $1 million by implementing sustainability initiatives, while 45% saved manufacturing costs by promoting resource and productivity efficiency improvement programs. Clorox, a major American household cleaning brand, implemented a sustainability improvement project in 2008, and by the end of 2015, had saved $15 million in manufacturing costs. Respondents also pointed out the importance of product innovation, green design and development, and corporate sustainability.

China's first carbon monitoring satellite was successfully launched, enhancing its international influence.

China successfully launched its first carbon monitoring satellite, enhancing its international voice. Following the worst and longest-lasting smog affecting nearly 15% of China's territory, including Beijing and North China, China successfully launched a global carbon dioxide monitoring scientific experimental satellite from the Jiuquan Satellite Launch Center. Chinese officials stated that the satellite launch aims to enhance China's voice on international climate change and to make its voice heard in global carbon dioxide monitoring. China is the world's largest carbon emitter, and with this successful launch, it joins the ranks of countries possessing such satellites after the United States and Japan. Experts say this carbon satellite will enable China to initially establish the capability to monitor atmospheric carbon dioxide concentrations in key regions and even globally. This is China's first scientific experimental satellite for monitoring global atmospheric carbon dioxide levels. Utilizing hyperspectral and high spatial resolution carbon dioxide detectors, multispectral cloud and aerosol detectors, and other equipment, the satellite regularly acquires global carbon dioxide distribution maps through a ground-based data receiving, processing, and verification system. This will also enhance China's voice on international climate change. Li Jiahong, chief engineer of the National Remote Sensing Center of the Ministry of Science and Technology of China, said that the carbon satellite is a major mission deployed to address global climate change and enhance China's global carbon dioxide monitoring capabilities. Li stated that the satellite is of great significance in enhancing China's voice on international climate change issues. He told Chinese media that the satellite will undergo approximately six months of on-orbit testing after launch. In the future, China will cooperate with domestic and international partners as appropriate.

Taiwanese investors rank 7th globally in corporate social responsibility; Japanese companies rank the lowest?

Taiwanese Investors Rank 7th Globally in Corporate Social Responsibility (ESG) Attention, Japanese Companies Rank Low? Schroders' Chief Marketing Officer, Hsieh Cheng-huang, stated that while the level of importance varies across countries, using a company's ESG attitude as an investment criterion has clearly become a new investment trend. Statistics show that companies that prioritize ESG generally outperform those that don't. According to the survey results, investors in emerging markets place greater emphasis on ESG investment concepts than those in developed countries. The survey ranked investors in 28 countries worldwide based on their level of attention to five options: "good corporate governance," "good social responsibility record," "positive environmental impact," "positive social impact on the local area," and "positive social impact globally." Investors in emerging markets almost single-handedly occupied the top 10 spots, including eight countries such as China, India, Brazil, and Russia. Taiwan ranked 7th, higher than the global average, while developed countries like Japan, Sweden, and the UK ranked near the bottom. However, Hsieh Cheng-huang clarified that while investors in developed countries may seem to place the least emphasis on ESG issues, this is actually because the concept is deeply ingrained in their thinking. Jessica Ground, Global Head of Supervision at Schroders Investment Management, believes that European countries have enacted extensive environmental legislation, and European investors are largely seen as being at the forefront of the ESG investment trend. Furthermore, although European investors' average scores are lower than the global average, Europe currently accounts for over 60% of the total investment amount using ESG as an investment concept globally, demonstrating the strong presence of European investors.

Urban sprawl is out of control! Research suggests it will replace vast tracts of farmland by 2030.

Urban sprawl is out of control! Research: By 2030, it will replace vast tracts of farmland. The demand for locally produced food is increasing, not just organic; however, according to the latest research, it may be difficult to "eat locally" in the future! Threatening food security are not only climate change and population growth, but urban sprawl is also making the situation more difficult for farmers. A new study published in the *Proceedings of the National Academy of Sciences* uses overlay analysis to find that the area of ​​global metropolitan areas will triple by 2030, and the land being encroached upon is precisely the more fertile farmland, estimated to cause 3% to 4% of global agricultural losses, with rice being the most severely affected, resulting in a 9% reduction in global production. Large-scale urban sprawl into farmland will also impact agricultural productivity. According to the latest research, urban sprawl will cause 3% to 4% of global agricultural losses. While this number may not seem large, the changes are staggering when considering specific regions and crops, especially in Africa and Asia, where the estimated agricultural losses account for 80% of the global total. By overlaying data on farmland location, productivity, and urban sprawl projections for 2030, researchers can see the farmland that future urban sprawl will encroach upon. Egypt, Nigeria, countries around Lake Victoria in East Africa, and eastern China are all hotspots for crop damage (China alone accounts for a quarter of global estimated crop damage). The study points out that 60% of the world's farmland is located in suburban areas, and the productivity of these suburban farmlands is, on average, twice that of other farmlands. Lead author Felix Creutzig, a scholar at the Mercator Institute for Global Community and Climate Change in Berlin, said...

Walmart’s “greenwashing” costs millions of dollars

Walmart Pays Millions for "Greenwashing" The leading U.S. retailer recently agreed to pay millions of dollars to resolve allegations of "greenwashing" violations. The violation stemmed from Walmart's sale of plastic products labeled "biodegradable" and "compostable" in California, which the state government deemed misleading and deceptive. California law prohibits labeling plastic products as "biodegradable" or using similar terms. California environmental authorities pointed out that these product declarations typically lack any explanation, leaving consumers unaware of how long it would take for discarded plastic products to decompose completely in landfills or other environmental conditions. Plastic products labeled "compostable" are also prohibited in California unless they pass specific scientific testing standards confirming their biodegradability in public composting facilities. Most California consumers are highly concerned about reducing plastic waste in landfills and therefore rely on product labeling to purchase items with better environmental performance. However, in reality, many plastic products labeled "biodegradable" or "compostable" fail to decompose properly in landfills or composting sites due to the lack of necessary environmental conditions such as temperature and humidity. These supposedly environmentally friendly products remain unprocessed for thousands of years in these facilities, causing environmental pollution. Therefore, the California government, which actively promotes environmental regulations, has legislated to prohibit plastic products from being labeled "biodegradable" or "compostable."

Apple's 2017 Environmental Report: Driving 100% Green Electricity in the Supply Chain to Achieve "Dense-Circuit Supply"

Apple's 2017 Environmental Report: Driving 100% Green Energy in the Supply Chain to Achieve a "Closed-Circuit Supply Chain" On Earth Day, Apple released its latest environmental report, outlining its efforts to ensure 100% renewable energy use throughout its supply chain and Apple's own facilities. The company aims to eliminate the need for new mining and instead use recycled materials in its product development. To this end, Apple has implemented several construction projects. One such project is Apple's new data center in Jutland, Denmark, which will operate on renewable energy and will also feed back the significant amount of heat generated by the data center to the local community as energy for its heating system. Part of the data center's energy comes from biogas produced from agricultural waste, and some of the waste materials used to produce biogas can be recycled into fertilizer and given back to local farmers. Apple's technology was developed in collaboration with Aarhus University, Denmark's largest university. Furthermore, because it uses renewable energy, the data center will not burden the local power grid and can operate independently. Generally, data centers have mechanisms for recovering heat energy, but some simply discharge it directly. A few data centers, like Amazon's, use excess heat for office heating. Another new facility is a data center in Ireland, where Apple is using ocean currents for power generation in partnership with Sustainable Energy Australia.

The U.S. CPSC has warned manufacturers and consumers to pay closer attention to the flame retardant ban.

The U.S. Consumer Product Safety Commission (CPSC) has warned manufacturers and consumers to be more aware of the ban on organohalogen flame retardants. The CPSC is urging manufacturers to stop using organohalogen flame retardants (OFRs) in certain products and encourages consumers to actively request relevant information from manufacturers to ensure their right to know about OFRs. In 2017, the CPSC issued a guidance document that is expected to ban the addition of OFRs to the following product categories: – Children's products; – Home textiles; – Mattresses; and – Electronic device casings. The CPSC guidance does not prohibit the addition of these substances to other household products or require preventative labeling, but strongly recommends that consumers request manufacturers to provide proof of OFR-free status and test reports when purchasing products that will have prolonged contact with their skin. This guidance states that the industry mistakenly believes OFR must be added to the plastic casings of children's products, home upholstered furniture, mattresses, and electronic devices. From a scientific perspective, the health risks of adding OFR to these products, especially for pregnant women and children, outweigh the preventative risks. Source: Chemical Watch (2017-)

EU environmental label adds compliance requirements for cleaning products

The European Commission announced stricter compliance requirements for the EU Ecolabel application for cleaning products in June 2017. The new requirements were already confirmed by member states in November 2016. Significant changes include: – No microplastics allowed in products; – Removal of the reduction clause for chronic category 3 (H412) fragrances; – Stricter requirements for preservatives, limiting their use to the minimum necessary amount; – Bio-based products must be sourced from sustainably grown crops, while palm oil, palm kernel oil, and other derivatives require sustainable sourcing certification; – Packaging using more than 80% recycled materials is exempt from other packaging requirements. The updated Ecolabel compliance requirements cover the following six product categories: – All-purpose cleaners and cleaning products for sanitation facilities; – Hand-washing dishwashing detergents; – Dishwashing detergents; – Industrial and commercial automatic dishwashing detergents; – Industrial and commercial laundry detergents; – Laundry detergents. When the new ecolabel compliance requirements take effect in June, all companies that have already obtained the ecolabel will have a transition period of 12 to 18 months to adjust their products to comply with the new requirements. Kristine, convener of the European Commission's policy working group...

European Commission clarifies scope of textile CMR restrictions

The European Commission clarifies the scope of textile CMR restrictions. The European Commission has proposed a draft to restrict the use of 286 chemical substances in textiles that are carcinogenic, mutagenic and reproductively toxic. After a year-long public consultation period, the European Commission is preparing restrictions that are expected to be formally proposed to the REACH Committee this summer. This draft divides the restriction of harmful substances into two stages. The restriction requirements will prioritize textiles with "direct and long-term contact with the skin". In addition to clothing and footwear, this section also covers some textile products such as bed sheets, pillowcases and towels. In February this year, the European Commission held a stakeholder meeting and invited industry associations, academic experts, industry and NGOs to participate in the discussion of the textile category in the draft. During the meeting, the industry association believed that the classification of "direct and long-term contact with skin" is too general and must be stated in detail. After all, consumers' habits of using textile products vary greatly. Buttons, zippers and other non-textile items are often used on textile products. Whether these items are also covered by the draft must be clarified. In particular, which raw materials can be excluded from the above draft restrictions and should be listed in detail. The European Commission proposes to restrict the following chemical substances and similar substances in textiles: – formaldehyde; – cadmium, chromium, arsenic and lead compounds; – chlorinated aromatic hydrocarbons; – phthalates; – polar aprotic solvents; &#8211

Walmart announces plans to further reduce harmful substances in products

Walmart announced further reductions in hazardous substances in its products. Walmart announced it will further reduce high priority chemicals (HPCs) by 1% by weight in its entire product line, bringing the cumulative reduction to 96% starting in 2014. The U.S. retail giant listed its policies and efforts regarding the use of sustainable chemicals in its consumer products in its 2017 Global Responsibility Report and announced this development. Since 2013, Walmart has required its direct suppliers to reduce or avoid the use of concerned chemicals in personal care products, paper products, cleaning products, pet and baby products, affecting more than 90,000 products from over 700 suppliers. In 2016, Walmart announced a 95% reduction in HPCs, followed by the release of information on eight chemicals of concern: – Toluene; – Dibutyl phthalate (DBP); – Diethyl phthalate (DEP); – Nonylphenol isopropoxylates (NPEs, including nine different CAS numbers); – Formaldehyde; – Butylparaben; – Propylparaben; and – Triclosan (besides undergoing the FDA New Drug Application process, ...).

The Dow Jones Sustainability Index increases corporate disclosure of chemical substance management.

The Dow Jones Sustainability Index (DJSI) is increasing its disclosure requirements for corporate chemical substance management. Established in 1999, the DJSI is a joint venture between the Dow Jones Index, STOXX, and Sustainable Asset Management (SAM) in Zurich, Switzerland. It was the world's first social responsibility index to track the top 2,500 companies globally. DJSI will begin requiring companies to disclose more information about the chemicals used in their products. This update is a result of collaboration between the NGO ChemSec and RobecoSAM, a leading provider of information for DJSI's corporate sustainability assessment (CSA). The RobecoSAM CSA is an annual sustainability performance questionnaire for companies, containing approximately 80 to 120 questions depending on the industry, covering economic, environmental, and social issues. The updated CSA questionnaire now includes a new product management section requiring companies to provide information on the percentage of the following substances in their products: – regulated hazardous substances; – substances of international concern; – Substitute It Now data compiled by ChemSec.

Flame retardants regulated by the Stockholm Convention were found in recycled plastic toys.

Flame retardants regulated by the Stockholm Convention were found in recycled plastic toys. In 1995, the United Nations Environment Programme called for necessary global action against persistent organic pollutants (POPs), defined as "chemical substances that are present or accumulate in the bodies of plants and animals and that circulate in the natural environment over a long period of time and are harmful to humans." Subsequently, the Intergovernmental Forum on Chemical Safety (ITS) and the International Programme for Chemical Safety (IPC) compiled an assessment of 12 chemicals that pose the greatest environmental threat. On May 17, 2004, the initial 128 bodies and 151 signatory states ratified the Convention, which officially entered into force. They jointly signed an agreement to ban nine POPs. The Convention also agreed that it could be reviewed and supplemented if new chemicals met certain criteria for persistence and transboundary threats. On May 8, 2009, at the Convention conference in Geneva, a new batch of chemicals were added to the Convention for regulation. A recent survey by the International POPs Elimination Network (IPEN) revealed several flame retardants listed in the Stockholm Convention in children's toys made from recycled plastics purchased from 26 countries. These toys were largely made from recycled plastic casings from electronic and electrical products, and the detected flame retardants included octabromodiphenyl ether (octaBDE) and decabromodiphenyl ether (decaBED).

EU emission guidelines recommend restrictions on five hazardous substances in indoor building materials

The EU Emission Guidelines recommend limits for five hazardous substances in indoor building materials. Based on the EU Lowest Concentrations of Interests (EU-LCI) guidelines, the emission limits for five types of chemical substances present in indoor building materials are announced. The five chemical substances regulated are as follows: – 2,2,4-trimethyl-1,3-pentanediol monoisobutyrate (2,2,4-trimethyl-1,3-pentanediol monoisobutyrate), limit value 0.3 mg/m3; – 2,2,4-trimethyl-1,3-pentanediol diisobutyrate (2,2,4-trimethyl-1,3-pentanediol diisobutyrate), limit value 1.3 mg/m3; – 2-methyl 2-methyl-1-propanol, with a limit of 11 mg/m3; – 2-phenoxyethanol, with a limit of 1.3 mg/m3; and – isopropylbenzene ), limit value 1.5 mg/m3. The above-mentioned LCI values were proposed by the German Environmental Protection Agency (UBA) and are hoped to be integrated into the EU-LCI by the end of 2019.

The European Commission has set lower limits for phenol in toys.

The European Commission has adopted a new limit for phenol migration in toys for children under three years old, requiring a maximum concentration of 5 mg/L; if phenol is used as a preservative, the concentration must not exceed 10 mg/kg. Phenol is commonly found as a monomer in phenolic resins used in the manufacture of plywood toys, and degradation of phenolic antioxidants in polymers can also be a source of phenol. Phenol has been identified in game console exhaust, children's tents or tunnels, and packaging films, and has also been found in children's bath toys, inflatable toys, and PVC. Phenol is commonly used as a preservative in: – Water-based liquid toys, such as bubble wrap products; – Water-based liquid inks in felt-tip pens or colored pens. This limit will come into effect on November 4, 2018. Source: Chemical Watch (2017-05-05) (Compiled by PIDC)

ECHA releases latest version of substance specification guidelines for finished products

ECHA releases the latest version of the Substance Specification Guidelines for finished products The European Chemical Agency (ECHA) has finally released the long-awaited final revision of the Substance Specification Guidelines for finished products. ECHA stated that this "comprehensive update" guideline, which was originally supposed to be released in 2016, will provide manufacturers with more information on how to fulfill their communication and reporting obligations when SVHC is contained in finished products. The guidance includes many new case studies, all of which are consistent with the definition of "finished product" by the Court of Justice of the European Union and 2015. The SVHC 0.1% weight percentage limit specified in the REACH regulations is for "each independent component in a complex product", rather than for a single product. Due to the updated definition of finished products, the Guidelines also provide new illustrative examples for businesses to check whether Article 7 and Article 33 of the REACH regulations are applicable. Article 7(2) requires manufacturers and importers to notify ECHA if the product contains more than 1 ton of SVHC per manufacturer or importer/year and the content is greater than 0.11 TP3T weight percent. Article 33 stipulates that companies must respond to consumers’ information about SVHC containing more than 0.11 TP3T weight percentage in products within 45 days. For detailed guidance on substance specifications for finished products, please refer to the attachment: Guidance on requirements for substances in articles_

The new system raises the environmental protection threshold for China's manufacturing industry.

New regulations raise environmental standards for China's manufacturing industry. E-waste, containing various toxic and hazardous substances, has become a global environmental problem. According to the "2014 Global E-waste Monitor" released by the United Nations University, 41.8 million tons of e-waste were generated globally in 2014, of which China generated 6 million tons, accounting for 14.3%, a significant amount. Taking mobile phones as an example, data from the China Academy of Information and Communications Technology shows that 560 million mobile phones were shipped in the Chinese market in 2016. Industry experts predict that the number of mobile phones replaced annually in China may reach 400 to 500 million in the next few years, while the accumulated amount of discarded mobile phones has already reached about 1 billion. These abandoned products pose a huge threat to the environment. Soon, China's electronics industry will face new environmental regulatory pressures. According to the implementation plan of the Extended Producer Responsibility (EPR) system issued by the State Council of China, government departments such as the National Development and Reform Commission and the Ministry of Environmental Protection are required to submit work plans for the recycling and disposal of electrical and electronic products by the end of 2017. The State Council also proposed that by 2025, China will have basically perfected the EPR system for key product categories, made "significant progress" in product eco-design, and ensured that at least half of waste products are properly recycled and reused. The new EPR system defines four environmental responsibilities for producers: eco-design, use of recycled materials, proper recycling, and enhanced information disclosure. The first two aim to reduce the environmental footprint of products at the source, while the latter two aim to make producers assume responsibility for traceability and recycling throughout the entire product lifecycle. The first batch will be implemented...

South Korea accelerates the control of substances of concern and expands the scope of domestic product safety responsibilities

South Korea is accelerating the control process of substances of concern and expanding the scope of domestic product safety responsibilities. The Ministry of Environment of South Korea is expected to implement accelerated management measures for the authorization, restriction and ban of substances of concern. In the latest K-REACH implementation measures, regarding the control of substances of concern, it is expected to open up relevant information on the use of this substance within the jurisdiction of other international regulations, and use this as a reference for inclusion in restrictions and bans, which is expected to reduce the risk assessment carried out by the Korean Ministry of Environment at least 3 years of evaluation time and accelerated control period. This accelerated measure to restrict and ban substances of concern will apply to and refer to the following substances: – substances authorized or restricted by EU regulations, or listed on the list of substances of high concern; or – the U.S. Significant New Use Rule (SNUR); or – listed under Japanese regulations Category 1 Specified Substances include carcinogenic, persistent and bioaccumulative substances. Substances that meet the above conditions must be determined to be of high concern and have sufficient risk assessment data. The Ministry of Environment of South Korea stated that the new assessment measures for this substance before it is designated as restricted and banned will greatly speed up the control speed. In order to assist the industry in responding, the Ministry of Environment of South Korea will also proceed in a phased manner. Another adjustment is to strengthen safeguards for problematic substances entering the domestic market in South Korea. According to current regulations, if a problem occurs with a product, the consignee of the product must bear product responsibility. In the future, when a problem occurs with a product and the OEM announces a product recall, the consignor of the product must also be responsible for recycling it.

EU legislators push for new mandatory legislation for the clothing industry.

The European Union's legislative bodies are pushing for new mandatory legislation for the garment industry. On May 19, 2017, the Council of the European Union published "Conclusions on Sustainable Garment Value Chains," aiming to prevent human rights violations and encourage companies to take socially responsible actions to ensure the garment industry complies with international standards concerning labor rights and environmental protection. Furthermore, the Council encouraged the European Commission to temporarily suspend preferential trade treatment for trading partners who violate labor and human rights commitments. The Council further requested the Commission to improve traceability in the textile industry, emphasizing the need to track chemicals used in the garment manufacturing process and worker exposure to toxic substances. The Council reached these conclusions after the Commission published an approved working paper on April 24, 2017. In the working paper, the Commission proposed several EU measures on "establishing sustainable value chains in the garment industry through EU development actions." The working paper outlines various measures to achieve a fairer, safer, and more environmentally friendly garment manufacturing industry. The European Commission's recommendations focus on: 1. Economic empowerment for women; 2. Reasonable wages for work and living; and 3. Transparency and traceability in value chains. The third point is of particular concern because production chains are highly decentralized, often outsourcing different stages of the manufacturing process to companies in distant countries. Following the approval of the European Commission's working paper, Europe...

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