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AMSTERDAM - The Global Reporting Initiative (GRI) sustainability reporting organisation has backed the European Green Deal as a "global game changer" but says that accurate and transparent reporting on tackling climate change is crucial for it to succeed.

The European Green Deal is a €1 trillion sustainable investment plan to create a 'climate neutral Europe' by 2050, with the textile industry one of the main focuses of a new circular economy action plan.

European Commission Executive Vice-President Valdis Dombrovskis recently set out details of the Green Deal Investment Plan – including strengthening sustainability reporting by companies.

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