#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. 


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