Share to Twitter Share to Linkedin 92 million tons of clothes-related waste are discarded each year. To put that in perspective, that’s the equivalent of a garbage truck full of clothing being sent to a landfill every second. The good news is this excessive waste has driven innovation in ways that not only benefit our planet but that also provide a more transparent and personalized way for brands to communicate with consumers. And a few trailblazing companies are leading the charge. Using Digital IDs for Authenticated Resale Resale is huge and the industry is getting bigger fast. Insulated from supply chain bottlenecks and benefitting from an increased focus on sustainability, the resale market is growing 11 times faster than traditional retail and expected to hit $77 billion in the next five years. So, what is the next evolution in resale? Vanessa Barboni Hallik, the CEO of Another Tomorrow, believes it is important to offer resale … [Read more...] about Brands Are Now Communicating To Consumers About Sustainability Through QR Codes – Here’s How
PETALING JAYA: Star Media Group Bhd (SMG) has signed a new collective agreement (CA) 2022 with the National Union of Journalists (NUJ) as it looks ahead to better serve consumers and provide job security for its employees. SMG group chief executive officer Alex Yeow said he was pleased that the CA was concluded amid the ever-changing media landscape. “It’s always good to work together with shareholders and employees,” he said at the signing ceremony at Menara Star here yesterday. Yeow added that a win-win situation must be achieved in ensuring the sustainability of the company and job security for the workers. Noting the group’s improved revenue in the fourth quarter of 2021, he expressed optimism in print journalism in the digital era while promising to take the company forward. “We have turned around from a difficult period and are optimistic about performing better. Working together: Yeow (fourth from left) exchanging documents with Chin after the signing ceremony at … [Read more...] about New deal puts sustainability, job security at the forefront
Share to Twitter Share to Linkedin The lawn and garden market is projected to reach $26.3 billion by 2020, according to Allied Market Research. Gardening can lift your spirits and help make you feel peaceful and content. Yet, something good for you mentally isn't necessarily good for the environment. The non-organic chemicals in pesticides, herbicides, and fertilizers can be toxic to the environment . Through her capital and deal flow pipeline for early-stage female tech founders, Vinetta Project, Vanessa Dawson started working with consumer packaged goods (CPG) corporations like P&G. Because smaller CPG brands are often better able to address millennial and generation Z consumer demands, established companies are accelerating investment in emerging brands. Farmers and researchers have been developing sustainable ingredients in pesticides, herbicides, and fertilizers. Dawson saw using sustainable ingredients as an opportunity and launched … [Read more...] about How A Female Tech Founder Leveraged Her Skills In The Organic Biological Garden Market
Share to Twitter Share to Linkedin 85% of our wardrobes go to waste, likely without the intent to recycle them, and our disposed clothing ends up in landfills. These include items we may have thought went on to be recycled - in some sustainable way. The complex and intricate problem of garment recycling has sparked SuperCircle , the tech and reverse logistics platform that bridges the gap between retail and textile waste through innovative business relationships that scale the recyclability of discarded textiles. “We always had this intention of, and this realization very early, even before the launch of [ Thousand Fell ]. You can design for circularity but you really need to build this engine to power circularity. And that is the unsexy stuff - the take-back, logistics, and tech. What SuperCircle is and the way we describe it is the tech and logistics infrastructure to link the retail brands with the waste management industry” states SuperCircle … [Read more...] about How SuperCircle Is Changing Fashion And Climate
- A + A KUALA LUMPUR (May 26): CJ Century Logistics Holdings Bhd returned to profitability in the first quarter ended March 31, 2022 (1QFY22) with a net profit of RM9.35 million compared with a net loss of RM2.24 million a year earlier, on higher export volumes handled by its total logistics services segment. Quarterly revenue rose 10.4% to RM242.79 million, from RM219.91 million in the previous year. “When analyzed based on continuing operations, the group recorded revenue and pre-tax profit of RM242.789 million and RM13.341 million respectively for the current quarter, compared to RM219.908 million and RM7.270 million respectively for the corresponding period in the previous financial year, mainly due to the higher export volumes handled by [the] total logistics services segment,” said CJ Century in its filing with Bursa Malaysia. The group’s total logistics services segment performed remarkably well in 1QFY22, with revenue increasing 21.1% to RM197.471 million … [Read more...] about CJ Century Logistics returns to profitability in 1QFY22 from loss a year earlier
Jack Ma - A + A (May 26): Billionaire Jack Ma’s Ant Group Co. saw profit inch up in the three months to December, despite setbacks from regulatory overhauls taming the country’s fintech industry. The Hangzhou-based company contributed 7.28 billion yuan ($1.1 billion) to Alibaba Group Holding Ltd.’s earnings, a filing showed Thursday. Based on Alibaba’s one-third stake in Ant, that translates to an estimated 22.05 billion yuan in profit for Ant’s December quarter, or an 1.3% increase from a year earlier. Ant’s earnings lag a quarter behind Alibaba’s. Ant in March declared a dividend of about 3.9 billion yuan to its backers. But shareholders -- including scores of employees -- of two entities that held 50.52% of Ant pledged to keep the dividend within the firms to “better support the company as it moves forward with its business rectification and facilitate its long term sustainable development,” a company spokesperson said in an e-mailed response. Jack Ma … [Read more...] about Jack Ma’s Ant ekes out profit rise as fintech overhaul advances
- A + A KUALA LUMPUR (May 26): Semiconductor player Malaysian Pacific Industries Bhd (MPI) net profit in its third quarter ended March 31, 2022 (3QFY22) rose 9.4% year-on-year (y-o-y) to RM81.36 million from RM74.37 million, thanks to improved performance across all geographical segments. Group revenue rose 16.13% y-o-y to a fresh quarterly record RM611.56 million from RM526.63 million, with revenue for Asia, US and Europe segments up by more than one-fifth, it said. Quarterly earnings per share rose to 40.98 sen, from 37.55 sen. The company, part of the Hong Leong Group, declared a dividend of 25 sen per share, up from 20 sen per share in 3QFY21, bringing the total to 35 sen in the nine-month period, from 30 sen previously. While its performance improved on a y-o-y basis, MPI’s net profit of RM81.36 million was down 4.64% quarter-on-quarter (q-o-q) from its record high of RM85.32 million in 2QFY22, on the back of higher operating costs. The higher costs more … [Read more...] about MPI 3QFY22 net profit up 9% on record revenue, declares 25 sen dividend
When Tesla was booted off the S&P 500 ESG Index last week—an index that ranks companies based on environmental, social, and governance data—Elon Musk responded by tweeting that ESG was a “scam,” and pointing out that Exxon, one of the most polluting companies in the world, was ranked in the top 10 best companies in the index. advertisement advertisement In a blog post , the S&P explained that Tesla was cut in part because, despite making electric cars, it didn’t have a low-carbon strategy. They cited Tesla’s lack of codes of business conduct, along with reports of discrimination and dangerous working conditions at its California factory, as well as its handling of a National Highway Traffic Safety Administration investigation. (The EV company was also listed on the Toxic 100 Air Polluters, ranking last year for pollution from its battery factories, fined in Germany for not meeting laws requiring it to recycle used batteries; and … [Read more...] about Is it time to rethink what ESG investing means?
Jonathan Mok was assaulted in London, United Kingdom in February. Image: Facebook/@jaidanmok A Singaporean student based in London, United Kingdom has become one of the most recent victims of racist attacks over the global outbreak of the novel coronavirus. Jonathan Mok, 23, took to Facebook earlier today, March 3, to spread awareness on how racism “has found yet another excuse to rear its ugly head,” after he got assaulted by a group of youths on the street. Mok said that around 9:15 p.m. on Feb. 24, he was walking through Oxford Street when he was assaulted by three to four young men and a woman, whom he described to have “seemed no older than 20 years old, but were all more than a head taller than me.” “I walked past a group of young men, when I saw one of them look at me (just as he walked past me) and said something to me, which I could make out the word ‘coronavirus.’ I was stunned and turned around to have a look at the man [who] made the statement,” Mok recounted. … [Read more...] about Singaporean assaulted in UK amid COVID-19 outbreak
The author, Cindy Domingo, at the Bantayog ng mga Bayani in Quezon City, where the the names of her brother Silme Domingo and friend Gene Viernes, Fil-Am trade unionists, are inscribed. CONTRIBUTED SEATTLE – My heart is heavy with sadness and anger as I organize the annual dinner of A Legacy of Equality Leadership and Organizing (LELO) to honor the 41 st anniversary of the deaths of my brother Silme Domingo and his fellow union brother and friend Gene Viernes. Ferdinand Marcos, Jr., the son of the dictator who was responsible for their assassinations in Seattle on June 1, 1981, has been elected president of the Philippines. Many from Seattle and beyond still remember their cold-blooded murders by Marcos gunmen that took place during afternoon rush hour at the Pioneer Square offices of the Alaska Cannery Workers Union, Local 37, International Longshore and Warehouse Union. It took eight years, three murder trials, and a federal civil suit to bring to justice those who were … [Read more...] about A Time to Rise, Again!