These are the stories making headlines in fashion on Tuesday.

The Met Gala 2022 dress code revealed
Guests invited to the upcoming Met Gala will get to play dress-up with Gilded Age-inspired clothing. The event's dress code, revealed Monday, calls for "gilded glamour, white-tie." Vogue's Elise Taylorelaborated on the theme and its origins, writing that colors of the era "were rich and deep jewel tones" and, "hats were a necessity when going out and often were adorned with feathers." All this is to say, extravagance will be in high demand on the first Monday in May. {Vogue} 

Festival fashion returns
Coachella is back after a two-year pandemic hiatus, and with its return come big sales for brands specializing in festival-friendly apparel. Chavie Lieber reports on the money-making potential of festival fashion for Business of Fashion. "Big music festivals produce a torrent of content for social media, and what influencers are wearing at Coachella can quickly become a big seller in stores worldwide," Lieber writes. "Brands see sponsoring the right event, or throwing a good party, as the key to ensuring their clothes and logo appear in as much of that content as possible." {Business of Fashion} 

Is fashion prepared for the SEC's carbon disclosure mandate?
The SEC wants to make carbon disclosures mandatory. Jasmin Malik Chua dives into what this means for fashion brands and retailers in a new piece for Sourcing Journal. Chua explains that the SEC proposal is a good thing for fashion companies as it will help them collect better data. "Getting a sharper understanding of where the worst emissions occur will also help better channel reduction efforts, say in terms of financial incentives for suppliers to make energy-efficiency improvements. It might even put to bed questions like how much the fashion industry contributes to global pollution." {Sourcing Journal}