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...