sustainablebusiness
The fast fashion industry is booming. Consumers are buying 60 per cent more clothes and wearing them for half as long, according to data cited by the UN Environment Programme. Estimates suggest a truckload of abandoned textiles is dumped in landfill or incinerated every second. The UN also highlights that the fashion industry produces between 2 to 8 per cent of global carbon emissions. If nothing changes, it will take a quarter of the world’s carbon budget by 2050. Alongside this, textiles shed microplastics when they are washed, contributing to the pollution in our oceans. The dyeing process ...
Euronews (English)
“We once had a client who said, ‘you can’t be green if you’re in the red.’ I think that’s a really important way to think about things,” said Amy Brachio, Global Vice Chair, Sustainability, at consultancy firm Ernst & Young (EY). How can businesses be both profitable and sustainable?Speaking at the Cannes Lions Festival of Creativity, Brachio told Euronews Business that the idea of creating an economy in which business, people and the planet can all thrive is currently “out of balance” with the reality of today. "When you look at 2024, and what it means, businesses have to deal with a lot toda...
Euronews (English)
Nature underpins our global economy with over half of the world’s total GDP — $44 trillion (€40.6tr) — moderately or highly dependent on nature and its services and, as a result, at risk of imminent disruption due to exposure to drivers of nature loss. The World Economic Forum’s Global Risks Report 2024 warns that environmental risks make up half of the top 10 risks over the next decade, ranking biodiversity loss and ecosystem collapse together as the third biggest global risk. Pivoting away from business as usual is not a “good thing to have” but critical for human well-being and economic pro...
Euronews (English)
Two out of three meals per day – that’s how often Simon Johansson, CEO of Nordic Seafarm, eats seaweed. To promote this unusual ingredient, his company in Sweden provided seaweed for this year's Nobel Prize dinner. “We grow sugar kelp and sea lettuce," he explains in this episode of Ocean Calls. "And the king of Sweden ate it, right? And he looked quite happy on TV.” Nordic Seafarm was created by marine biologists in 2016. Their main goal was to examine the environmental impact of large-scale seaweed farming on ocean health but also create a working business model. While many associate seaweed...
Euronews (English)
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