auctusESG

The global textile market size was projected at  $1000 billion in 2020   and is expected to expand at a compound annual growth rate (CAGR) of 4 .4% from 2021 to 2028 . Increasing demand for apparel from the fashion industry coupled with the growth of e-commerce platforms is expected to drive the market over the coming years. The textile industry is connected with 5 out of the 17 SDGs, - Climate Action, Gender Equality, Responsible Consumption & Production, Clean Water & Sanitation, and Decent Work & Economic Growth. Textile companies worldwide are actively contributing to pollution-reduction practices and setting up emission targets for controlling climate change. The need of the hour for textile industry Being among the most polluting industries in the world, the textile industry must explore ways of becoming sustainable to minimize resource use and pollution, improve the safety of workers and ensure the right of consumers to make an informed choice. Its supply ch...

  “the global food system needs to be reshaped to be more productive, more inclusive of poor and marginalized populations, environmentally sustainable and resilient, and able to deliver healthy and nutritious diets to all,” - FAO With a rapidly growing global population (an estimated  10 billion   mouths to feed) and the commensurate rise in food demand, the world’s food system desperately needs to be decarbonised. Data shows that global food systems make up   21-37%   of global GHG emissions, with food waste leading to   8-10%   of emissions.     The Food and Agriculture Organisation (FAO) notes   that   “the global food system needs to be reshaped to be more productive, more inclusive of poor and marginalized populations, environmentally sustainable and resilient, and able to deliver healthy and nutritious diets to all,” highlighting that the creation of a sustainable food system is critical to tackle the systemic and complex chal...

Most of the world’s population has started moving towards cities because of the greater availability of all the necessary resources and better employment opportunities. Due to this, many cities are getting overcrowded leading to the huge amount of waste, greenhouse gas emission. UN DESA notes that by    2050 around 68% of the global population  will reside in urban areas, leading to growing concerns around developing smart and sustainable cities. Smart cities have the potential to generate economic benefit worth  $20 trillion by 2026 , leading to 3 priority areas arising to transform urban infrastructure Enabling technology in building and construction Decarbonising the building and construction sector is crucial to achieving sustainable cities. Commercial buildings account for  20% of energy usage (30% of which is wasted).  Smart technologies like digital twins, matching energy occupancy with usage, dynamic power consumption and seasonal thermal energy sto...

  The world emitted 36.42 billion tonnes of carbon dioxide in 2019, equaling 7.9 billion passenger vehicles on the road in one year. Add to that the emissions of other greenhouse gases and the total emission count crosses 50 billion tonnes a year. Such high levels of GHG emissions threaten to push the global temperatures to above 2 degree celsius over pre-industrial levels and well above the ideal 1.5 degree celsius mark. While the most obvious ill-effects of global warming are rising sea levels, melting ice, water crisis, food scarcity and climate related catastrophes like droughts, cyclones, storms et al, the not-so-talked about side effect is the loss of biodiversity.    Biodiversity  is defined as the biological diversity and variety of genetics, species and ecosystem levels on Earth. Biodiversity hotspots (regions with high levels of native species,  and having experienced great habitat loss) are majorly forest areas located in the tropics and are in B...

  Recently, there has been a rising stakeholder demand and an increased media attention on incorporating ESG criteria into financial investment decisions. ESG led investments have had huge impacts on asset inflows and sustainability is no longer just a trend but a vital prerequisite for a well-constructed portfolio. COVID-19 and natural disasters such as the recent cyclonic storm in Mumbai ‘Tauktae’ have only amplified the need to direct finance flows towards green sectors.    ESG based reporting was first conceived in 2006, by the United Nations, Principles of Responsible Investment (PRI). Since then, it has gained traction as it appealed to conscious investors seeking value-based returns along with financial gains. However, even as ESG continues to receive necessary attention, there have been growing speculations on whether ESG is a passing fad or is here to stay.    Business leaders integrating ESG concerns into business strategies, including its core operati...