Less is more when it comes to sustainability KPIs – Procurement Blog

The government of Canada May 12 listed plastic products as toxic substances on a regulatory proceeding, a technical step needed to give Ottawa the authority for nationwide bans on single-use plastics.

Conscious consumers are championing the resale of goods to reduce waste and extend the active life of garments and other products, and innovators in the retail sector are responding. The transient ownership of goods is an emerging trend that has been on the radar of Flux Trends since 2012. “The growth of sustainable consumption seems to be reaching its tipping point and accelerating as more people understand the environmental impact of waste and strive to support the circular economy,” says founder Dion Chang. “For the fashion industry, 2020 is going to be like a cleaver, dividing it into before and after. Some environmentally conscious consumers who feel concerned about so much waste and throw-away culture are now looking for an alternative to the traditional fashion retailers. The drive to lengthen the lifespan of a garment, in turn, has accelerated slow fashion, the circular economy, and sustainability,” adds Chang.

While European regulators are this year rolling-out climate-change “stress tests” for lenders, the Fed lags its peers. Fed officials have previously said they are considering a new scenario analysis to help them understand how climate change may affect trillions of dollars’ worth of bank assets, but have not said how or when they would start to apply such tests.

2020 could very well be the worst year in terms of Climate Change, and climate-related extreme weather events broke all records this year.