New Directives on Chain of Custody Published

Leading retailers H&M Group, Ingka Group (IKEA), Kingfisher plc and Walmart today launched a new climate change initiative – the Race to Zero Breakthroughs: Retail Campaign – in partnership with the COP26 High Level Climate Action Champions and supported by the World Business Council for Sustainable Development (WBCSD). Retailers have pledged their support to accelerate a movement in the retail industry to drive climate action and encourage other retailers to set out their plans to achieve 1.5 degree aligned carbon reduction targets. The retail sector faces unprecedented challenges due to climate change, which have only been accentuated by the COVID-19 pandemic. The imperative to take action to limit warming to 1.5 degrees Celsius has never been higher. Despite bold actions from some leading retail brands, a decarbonization pathway for the sector is notably absent, with only 5% of retail businesses – by total global industry revenues – having committed to taking action to limit global warming in accordance with the Paris Agreement goals.

Each year during the holiday season people begin decorating and buying gifts. For those that celebrate Christmas, an important decision is choosing a tree. This includes deciding if it will be a real or artificial Christmas tree. How does your decision impact the environment? Cost, convenience, and personal preference are all important considerations, but so too is the environmental impact. Research has shown that locally-sourced natural trees have less environmental impact than artificial ones. An independent Life Cycle Analysis (LCA) study released by the Montreal firm Elliposos determined that real trees have less overall impact in terms of distribution, disposal, and average carbon emissions than their artificial counterparts. The LCA method allows for evaluation of potential environmental impacts of a product (or service) over its entire life cycle and takes raw material processing, manufacturing, transportation, distribution, use, reuse, recycling and disposal impacts into consideration.

On April 22nd, we celebrated Earth Day. This annual event started back in the 1970s and has made a positive impact on the environment. Earth Day has catapulted public awareness of the environment and action to commit to sustainability that has led to important legislation that can help the planet’s resources sustains for generations to come.