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Bill would mandate environmental due diligence for fashion companies - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Bill would mandate environmental due diligence for fashion companies by Louise Esola Asbestos & Environmental , Workers Comp Coverage Apr 3, 2026 A bill introduced Thursday in the New York Senate would require large fashion companies to map supply chains, disclose environmental impacts and meet greenhouse gas reduction targets. S. 9740 would establish the “fashion environmental accountability act” and apply to companies with more than $100 million in annual gross receipts from apparel, footwear or fashion bags. The measure would require covered companies to conduct environmental due diligence across their supply chains, including identifying risks, mitigating environmental harm and tracking results. It also mandates disclosure of suppliers across multiple production tiers over time and annual public reporting of due diligence efforts. Companies would be required to set and report greenhouse gas emissions targets aligned with international standards and ensure periodic independent verification of disclosures. The bill also calls for wastewater and chemical management reporting for key suppliers and requires companies to adopt remediation measures when environmental harms occur. Enforcement would fall to the state attorney general, with civil penalties of up to $15,000 per violation per day for noncompliance. The measure would also create a fashion remediation fund to finance environmental projects benefiting affected communities. If enacted, most provisions would take effect one year after passage. Related News Marine war risk facility adds $20B capacity April 3, 2026 KitKat crowdsources recovery after 12-ton chocolate heist April 3, 2026 Appeals court revives part of Vesttoo-related suit against Gallagher April 3, 2026 $2M fee, ‘secret codes’ required for Hormuz transit April 3, 2026 B.P. Marsh raises Pantheon stake to 41% April 3, 2026 Asian cat rates drop up to 25%: Gallagher Re April 3, 2026 Acrisure grows U.K. platform with two broker deals April 3, 2026 Ohio court orders review of summer disability benefits for school worker April 3, 2026 Banyan secures Lloyd’s coverholder status April 3, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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