sustainability

12Oct

By THEIRL1ADMIN01No Comments

ENVIRONMENT

‘Sustainability’ In Business – How The Climate Crisis Is Transforming The Meaning

Raz Godelnik, The New School In his 2021 letter to CEOs, Larry Fink, the CEO and chairman of BlackRock, the world’s largest investment manager, wrote: “No issue ranks higher than climate change on our clients’ lists of priorities.” His comment reflected a growing unease with how the climate crisis is already disrupting businesses. Companies’ concerns about climate change have typically been focused on their operational, financial and reputational risks, the latter associated with the growing importance of the issue among young people. Now, climate change is calling into question the traditional paradigm of corporate sustainability and how companies address their impacts on society and the planet overall. As a professor working in strategic design, innovation, business models and sustai...

Sustainability Crisis In The Fashion Industry May Be Solved By The Boom In Secondhand Clothing Sales

A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10 years – from US$28 billion in 2019 to US$80 billion in 2029 – in a U.S. market currently worth $379 billion. In 2019, secondhand clothing expanded 21 times faster than conventional apparel retail did. Even more transformative is secondhand clothing’s potential to dramatically alter the prominence of fast fashion – a business model characterized by cheap and disposable clothing that emerged in the early 2000s, epitomized by brands like H&M and Zara. Fast fashion grew exponentially over the next two decades, significantly altering the fashion landscape by producing more clothing, distributing it fa...

Sports Teams Sustainability Efforts, Does It Matter To Fans?

While the sport sector’s environmental impact is not fully understood, it has a social platform and reach to influence a significant number of people worldwide to choose more sustainable behaviors. Brian McCullough, associate professor of sport management at Texas A&M University, says that sport organizations should be proactive in becoming more sustainable to increase business performance, deepen connections with fans and attract new ones. Do fans care about sports teams’ sustainability efforts? How are sports being affected by climate change? And how might they be affected in the future? To use a sports analogy, there will be winners and losers as a result of climate change. Certain sports, like outdoor winter sports and even surfing, are vulnerable to the effects of climate change. ...