The May policy bulletin from Copenhagen Fashion Week delves deeply into the European policy environment and its consequences for the fashion sector. The bulletin concentrated on the significant agreements ratified, such as the Corporate Sustainability Due Diligence Directive, the Packaging and Packaging Waste Regulation, and the ESG Ratings Regulation, in light of the European Parliament's end of its ninth parliamentary term on April 25, 2024, and the June 6–9 European Elections.
An important period of legislation came to an end with the last session of the European Parliament. In order to debate and decide on important matters, European Parliament (MEP) members convened for plenary sessions in Strasbourg or Brussels. These sessions' deliberations and decisions will have a significant impact on a number of industries, including the fashion industry.
Not all of the conversations between the European Union's (EU) parliament and council were completed by the conclusion of the parliamentary term, despite the progress that was achieved. According to Copenhagen Fashion Week's May policy bulletin, some of the European Commission's proposals are still unresolved because of differences in interinstitutional negotiations or the incapacity of national governments to forge a consensus.
The freshly elected MEPs' terms as members of the European Parliament are about to start. Their power may be restricted if they decide to stay independent or connect with one of the seven parliamentary groupings. The newly elected MEPs will have a month to settle into Brussels and choose which committees to join when the election results are announced. The new term's first plenary session is set for July 16–19, 2024.
The approaching elections for the European Parliament are important, as the newsletter emphasizes. Fashion is one of the many businesses directly impacted by the decisions made by MEPs. /BGNES