(3BL Media/Justmeans) The cocoa industry has a dirty secret. Child labor is way too common in West Africa. Over 70 percent of the global cocoa supply comes from two West African countries: the Ivory Coast and Ghana. Farmers supplying companies with the chocolate they use in their products receive little for the cocoa. That means they are unable to hire laborers to harvest the crop, and child labor is widely used as a result.
FROM THE EDITOR
“Gender Equality” Bond Issue is Oversubscribed—by 20 Times
A $400 million “gender equality bond” issued by Australia’s QBE Insurance Group turned out to be beyond popular: applications of more than $8.25 billion were received for the offering. Adding to its “wow factor,” the QBE bond is the first-ever such bond to be issued in a G3 currency—US dollars, euro, and yen. “The funds raised will be invested in bonds issued by companies that have policies of supporting workplace gender equality,” reports Reuters, including those that have signed up to the United Nations seven principles on Women's Empowerment and entities referenced in the Equileap 2017 Gender Equality Report. The outsized interest in this gender-defined bond reflects the growing attraction for ESG-driven products by mainstream investors.
John Howell, Editorial Director
Special Announcement: National Association of Environmental Management issues EHS & Sustainability Staffing, Structure and Budget Report
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News & Blogs
Guest blog by Taproot Foundation
(3BL Media/Justmeans) In parts of the Antarctic peninsula, sea ice cover has reduced by over 60% in 30 years; and this has affected the Adélie penguins who are a vital part of the Antarctic food chain. The Adélie is the smallest and the most widespread, species of penguin in the Antarctic. Eating mainly krill and small fish, and are a source of food for predators like leopard seals and killer whales.
(3BL Media/Justmeans) – Global companies have been widening their scope of corporate responsibility to address a variety of challenges facing humanity. From localized sourcing that supports indigenous growers to selling sustainable products that improve the customers’ well-being as well as the environment, these companies are focusing on sustainability in every aspect of their business.
(3BL Media/Justmeans) Can an industry that creates products from trees be sustainable? The US forest products industry proves it is possible. Accounting for 6 percent of the country’s total manufacturing GDP, the industry places a premium on recycling and using renewable energy. Over 66 percent of the paper consumed in 2011 was recovered. Consisting of about 250 companies, the industry is the leading generator and user of renewable energy.
(3BL Media/Justmeans) - Fact: humanity wastes a huge amount of food and this need to change. According to the USDA, in the U.S. alone approximately 2.7 billion pounds of meat, poultry and fish are lost, totaling $8.8 billion.
With all that food, huge amounts of resources are also wasted. When we remember that to make one pound of beef it takes more than 600 gallons of water, 1.8 pounds of grain and 50 pounds of CO2, we get an idea of how devastating food waste is.