Global investment managers say no to carbon

September 11, 2020 by  
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A European group of global investment managers and pension funds has devised an ambitious plan to cut their portfolios down to net-zero carbon . The Institutional Investors Group on Climate Change includes more than 1,200 members in 16 countries. Together, they control over $40 trillion in assets. The group distributes its recommended measures to asset managers to help them reach the European Union’s goal to be climate -neutral by 2050. Its policies are based on a framework developed with more than 70 funds around the world. Related: Critics question Amazon’s sustainability amidst Bezos Earth Fund launch As investors focus more on sustainability, especially since the Paris Climate Agreement, they’ve begun to pressure their asset managers to cut the carbon in their portfolios. “Countries, cities and companies around the globe are committing to achieve the goal of net-zero emissions and investors need to show similar leadership,” Stephanie Pfeifer, IIGCC’s chief executive officer, said in a statement. IIGCC’s agenda is lengthy. A few points include analyzing the latest policy developments for members, developing policy positions, collaborating with like-minded global and European bodies, and facilitating workshops and roundtables with peers. Decarbonizing the world’s economy is an overwhelming task. Before a slight pandemic-related blip downward, global coal demand was at an all-time high. With a projected 9.7 billion people by 2050, it will take a lot of money, education and commitment to meet the ever-increasing appetite for electricity with renewable sources. Oil use currently averages more than 90 million barrels per day, and 70% of this is used for transportation. To reach net-zero carbon goals, these diesel- and gasoline-chugging vehicles will need to be switched out for electric vehicles charged with renewable energy sources. On the plus side, the world spends more than $5 trillion on fossil fuel subsidies, which would go a long way in funding renewable energy instead. We might also see a big drop in healthcare costs if people were no longer exposed to the detrimental effects of burning coal for fuel. + Institutional Investors Group on Climate Change Via Forbes Image via Pixabay

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Global investment managers say no to carbon

LeSportsac’s ReCycled collection uses recycled water bottles

September 11, 2020 by  
Filed under Business, Eco, Green, Recycle

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In 1974, LeSportsac opened its doors for business in New York City. Much has changed since then, but not the company’s focus on creating innovative, colorful and useful bags that encourage an on-the-go lifestyle. With the modern-day zeitgeist squarely aimed at improving sustainable practices, both in the private and business world, LeSportsac’s most recent release removes plastic from the waste stream while encouraging fans to continue their LeSportsac journey. Called ReCycled, the new bags come in three prints, each making a statement about green developments in production and packaging. LeSportsac’s effort to improve its products through sustainable practices has led to a reduced carbon footprint by utilizing post-consumer water bottles in the fabric. In fact, every yard of fabric equals nine recycled bottles, and each product lists the actual equivalent number of water bottles used. Related: This versatile, waterproof parka is made with recycled PET bottles Fortunately for the environment, many companies have adopted the advancing technology of turning  post-consumer plastic  into usable fabric. The process involves collecting, cleaning and shredding plastic into small chips. Subsequently, the chips are spun into yarn for the fabric.  Small and large cosmetic, cross-body, hobo and weekender bags make up the collection in all three prints. Eco Iris Garden features tones of blue and purple with the telltale yellow color punch of an iris in bloom. Eco Rose Garden offers a colorful and classically feminine floral motif. Eco Black delivers the same travel bag options in a more subdued color offering.  LeSportsac has even transformed its old logo to accommodate the recycled logo. The LeSportsac Fall 2020 ReCycled Collection debuted in-store and online mid-August 2020, and each component of the capsule collection is now ready for purchase. After more than four decades in the industry , LeSportsac aims to continue providing the bags consumers need for an active lifestyle while simultaneously focusing on sustainable, eco-friendly development. + LeSportsac Images via LeSportsac

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LeSportsac’s ReCycled collection uses recycled water bottles

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