The financial commitments to change can often deter business owners from making adaptations and, when it comes to sustainability, costs play a huge role in the decision making process. How have industry leaders merged the two challenges within their organisations?
The COVID-19 epidemic has the world on high alert with travel restrictions, quarantine measures, deaths, and reports of crippling losses and shutdowns across practically all business sectors, destabilized by the disruption in the global supply chain and general mobility of human capital.
At the start of the year we wrote about how Prada had taken on a major sustainability-linked loan, ensuring that the brand had to either reduce its environmental impact or else face pecuniary consequences. We speculated that more brands were likely to follow Prada’s lead in tying the way they raise capital to sustainability objectives, something that would have a fundamental impact on the design and operation of their property portfolios.
Welsh Government circular economy strategy, Beyond Recycling, aims to move Wales to become a zero-waste, net-zero carbon nation that uses its fair share of resources and seizes the economic opportunities from the transition to a circular economy. The move to a circular economy, which aims to keep products, components and materials in use for as long as possible, is central to the country’s post-Covid response and green recovery in Wales, as well as its commitment to achieving a net-zero economy by 2050. The strategy requires all sectors of the community to participate including art and art organisations. This article will look at the relationship between fine art and sustainability and in particular the circular economy through the work of visual artists and specifically will look at works that incorporate materials that would normally be discarded as a resource rather than a waste.
Looking at washing machines, research from Sweden’s Linköping University tries to solve part of the puzzle about how to shift business models to find more traction when it comes to being circular, as well as adding a social element.
Xavier Duran has noticed a change in the students applying for MBAs at Alliance Manchester Business School in recent years: a growing interest in sustainability and responsible business practices. “In the late 1990s, they came with a totally different set of expectations, when the MBA was a passport to jobs in consultancy, finance or banking,” says the director of MBA programmes. “Now, we find more and more applicants from the third sector who want business and management skills to mobilise in non-governmental groups and international organisations.”