The Triple Bottom - 🌱 Chile’s Climate Constitution

Timberloop: Timberland lauches take back scheme for clothes and shoes

The situ: The fashion industry is one of the world’s most wasteful - with estimates that, globally, a bin lorry of textiles end up in landfill every second. 

Timberloop: Timberland has announced the launch of a product take-back scheme, ‘Timberloop’, to support the company's goal of full circularity by 2030

The process: The returned clothes and shoes are quality checked, and If repairable then they are fixed and resold; if they’re beyond repair, they’re recycled. To incentivise uptake, Timberland are giving customers a 10% voucher on their next purchase.  

A growing market: Big companies are eager for the returns from a resale market that is set to grow to $64bn by 2024 -  expanding 1.5x quicker than the fast fashion sector.

A Policy Update:

• New York unveiled the Fashion Sustainability Act: a bill that would make the biggest brands in fashion accountable for their role in climate change. Brands would need to map 50% of their supply chain and disclose the areas of greatest social and environmental impact. (Aligning with 1 of our 7 predictions for 2022)

• 155 Chileans have been elected to write a new constitution amid a “climate and ecological emergency.” as anger has grown over the exploitation of Chile’s lithium reserves (essential to the world’s transition to green energy).

• Germany outlined plans to get back on (climate) track, as it risks missing its emission reduction targets for 2030, if it does not x3 CO2 reductions compared with the last decade. The plan will include mandatory solar roofs for new buildings, new funding for green hydrogen and many more wind turbines.

Burberry signs £300m sustainability linked loan 
Burberry has secured a £300m Sustainability Linked Loan, coordinated by Lloyds Bank. The amount repaid on the loan will be linked to the achievement of key ESG targets as part of Burberry’s ambition to become Climate Positive by 2040. This includes accelerating emissions reductions across its extended supply chain (Scope 3) by 46% by 2030 and becoming net-zero by 2040.

Carbon Capture and Storage 'red flag'? World's sole coal project hits snag 
Carbon Capture utilisation and storage: The capture of carbon dioxide (CO2) emissions from industrial processes, transport and storage deep underground in geological formations or use to create valuable products.
Teething problems: The world’s sole carbon capture project on a power plant caught 43% fewer metric tons of carbon dioxide in 2021 compared with the year before due to equipment failure. Critics say this demonstrates that the technology shouldn’t be funded at coal power plants.
Drop in the ocean… for now: Annual CO2 capture capacity totals 40mn tonnes of the 52bn produced annually. With growing investment incentives and net-zero targets, the IEA predicts CCUS will reduce 15% of emissions in a net-zero energy sector by 2070.

• Beyond Fried Chicken to make US nationwide debut at KFC

• Holcim to trial 'breakthrough' magnetic concrete for wireless EV charging

• Ocean Battery stores renewable energy at the bottom of the sea

• California’s new composting law — a game changer for food waste as fines can be levied for failing to separate organic refuse from other trash

• Invisible barcodes could increase plastic recycling

3 of these stories are true 1 is fake, can you guess which...

• Camel beauty contest struck by botox scandal

• 'Reindeer Burglar' Wanted By New Hampshire Police Over School Break-In

• Man Tries To Dodge COVID Vaccine Using Fake Arm

• Elon Musk just bought a giant metaverse palace in the shape of his face

🍄 Ikea’s mushroom-based packaging 

🏭 Rolls-Royce’s mini-nuclear power plants

⛽️ Bets are placed on Hydrogen fuel