ArmChair ESG
Updates on recent ESG related legal cases with significant wins and losses changing the ESG landscape.
Updates on recent ESG related legal cases with significant wins and losses changing the ESG landscape.
The travel and tourism industry are projected to grow significantly by 2033, but this expansion poses sustainability challenges due to its environmental impact and contributions to climate change. With climate change already altering travel patterns and threatening local economies dependent on tourism, it is crucial for the industry to adopt sustainable practices. Efforts must focus on reducing greenhouse gas emissions, protecting biodiversity, and supporting local communities to ensure a sustainable future for global travel.
Sharks face significant threats, including habitat loss from coastal development, mining, and aquaculture activities. Coastal and estuarine areas are crucial for many shark species, making them particularly vulnerable to habitat degradation. The adverse impacts of habitat loss extend to marine biodiversity and productivity, emphasizing the urgent need for global action to mitigate climate change, reduce pollution, and implement sustainable fishing practices. Various organizations, such as Shark Trust and Saving the Blue, are leading conservation efforts through advocacy, research, and community engagement, offering opportunities for individuals to support shark conservation initiatives worldwide.
The fashion industry’s rapid consumption cycle leads to environmental degradation, with discarded clothing contributing significantly to landfills and greenhouse gas emissions. Abercrombie & Fitch is among the companies actively addressing climate change, aligning with United Nations goals and implementing waste reduction programs. While strides have been made, low textile recycling rates and overproduction persist, highlighting the need for industry-wide sustainability standards and consumer adoption of eco-friendly practices to combat fashion’s waste crisis.
2024, OWL ESG.