#73: What should come first, Planet or People?

🎙️ESG Podcast! 🌍🌱

Join us for an insightful podcast episode with Moana from Alphinity, where we delve into the fascinating world of ESG within factories in Bangladesh and Vietnam. 🎧✨

Discover the social cost of ESG in factories across Bangladesh and Vietnam. We will learn from Moana about the impact of ESG policy on workers, labor conditions, and the overall well-being of the local communities.

Don't miss out on this engaging conversation that sheds light on the intersection of sustainability, and social progress! 

Tune in now to broaden your understanding of ESG in these dynamic regions. 🎙️🌏

#PodcastAlert #ESG #Sustainability #Bangladesh #Vietnam #Investment #SocialProgress

Time Stamps:

0:00 - introduction to Moana and Sustainable Finance

4:50 - Changes in the sustainability space 

6:06 - Safeguard mechanism

7:44 - Fast Fashion Introduction

11:35 - What are the factories like in Bangladesh and Vietnam 

13:20 - Bangladesh vs Vietnam labor market

20:00 - Career progression for factories workers

24:09 - The social cost of fast fashion

31:50 - GDP and fast fashion

33:23 - Sustainability goals put pressure on the factories 

43:17 - The future of sustainable fashion

45:60 - What can individuals do?

Key ideas and topics discussed in the podcast:

ESG - Environmental, Social, and Governance - ESG refers to a set of criteria used to evaluate the sustainability and ethical impact of a company's operations. The three pillars of ESG encompass environmental factors, social factors, and governance factors.

Safeguard mechanism - The Safeguard Mechanism is the Australian Government’s policy for reducing emissions at Australia’s largest industrial facilities. The Safeguard Mechanism applies to industrial facilities emitting more than 100,000 tonnes of carbon dioxide equivalent (CO2-e) per year.

Fast Fashion - Fast fashion refers to a business model and trend in the fashion industry characterized by rapidly changing clothing collections, quick production turnaround times, and low-cost garments. 

Ready Made Garment (RMG) - Ready-made garment (RMG) refers to clothing items that are manufactured and assembled in factories and are ready to be worn by consumers without the need for further alterations. 

Modern Slavery Act 2018 - The Modern Slavery Act 2018 is a legislative framework enacted in various countries, including the United Kingdom and Australia, to address and combat modern forms of slavery and human trafficking.

Piece rate - Piece rate is a method of payment where individuals are compensated based on the number of units they produce or tasks they complete. 

Rhino Plaza collapse - The Rhino Plaza collapse refers to an incident in which a building named Rhino Plaza, presumably a commercial or residential structure, collapsed due to structural failures or other reasons. 

Fashion cycle - The fashion cycle refers to the recurring pattern of trends, styles, and designs that emerge, gain popularity, and eventually decline in the fashion industry. 

Natural fibers - Natural fibers are materials used in textile production that are derived from plants, animals, or other natural sources.