Six of the largest banks in the United States have bowed out of the global Net Zero Banking Alliance (NZBA), with the inauguration of Donald Trump predicted to bring political backlash concerning climate action, reported The Guardian.
The latest to withdraw is JP Morgan, which followed Citigroup and Bank of America. Morgan Stanley, Goldman Sachs and Wells Fargo have also left the United Nations-sponsored NZBA since the beginning of December.
“JPMC is ending our membership in the Net Zero Banking Alliance (NZBA). We will continue to work independently to advance the interests of our Firm, our shareholders and our clients and remain focused on pragmatic solutions to help further low-carbon technologies while advancing energy security. We will also continue to support the banking and investment needs of our clients who are engaged in energy transition and in decarbonizing different sectors of the economy,” a spokesperson for JPMorganChase said in a statement provided to ESG Today.
The defections from NZBA come on the heels of exits from similar groups in the finance industry. In 2023, GOP litigation threats led to a mass exodus from an insurers’ net zero alliance, Bloomberg reported. And an asset managers climate organization disbanded from Vanguard Group — the second-largest money manager in the world — in 2022.
The breakup of worldwide climate associations has forced the regrouping of those in charge. The Glasgow Financial Alliance for Net Zero (GFANZ) serves as a finance industry net zero umbrella organization, and it ended last year with a message that it was going to distance itself from the other alliances. According to the latest update from GFANZ, it plans to make its advice available to financial firms that have made no commitment to a net zero pact, as well as those that have.
JPMorgan said on Tuesday that it plans to “continue engaging with GFANZ, among others, to advance pragmatic solutions and market conditions that can help further a low-carbon and energy-secure future,” as reported by Bloomberg.
According to analysts, the banking institutions’ withdrawals are a response to “anti-woke” sentiment from U.S. rightwing politicians, which are predicted to increase when Trump becomes president, The Guardian reported.
Trump’s campaign promises to deregulate energy, dismantle environmental rules and “drill, baby, drill” are predicted to become a governing reality in his role as commander-in-chief of the world’s biggest producer of oil and gas.
“The sudden exodus of these big U.S. banks out of the NZBA is a lily-livered effort to avoid criticism from Trump and his climate denialist cronies,” said Paddy McCully, a senior analyst at campaign group Reclaim Finance, as reported by The Guardian. “A few years ago, when climate change was at the front of the political agenda, the banks were keen to boast of their commitments to act on climate. Now that the political pendulum has swung in the other direction, suddenly acting on climate does not seem so important for the Wall Street lenders.”
NZBA — led by banks, but convened by the UN Environment Programme’s finance initiative — commits its members to aligning their investment, lending and capital market activities with the goal of net zero emissions by mid-century or earlier.
A spokesperson for Citigroup — a founding member of NZBA — said the financial institution’s decision to leave would allow it to “focus on addressing barriers to mobilising capital to emerging markets in support of the low-carbon transition. We remain committed to reaching net zero and continue to be transparent about our progress.”
Carbon Trust senior manager Toby Kwan said the NZBA departures could give banks more flexibility concerning which pathway they choose to align with and which sectors they include in their targets, as well as less strict timeframes.
A Republican-led House of Representatives judiciary committee in December accused “a cartel” of financial institutions and climate activists of conspiring to “impose radical ESG-goals” on companies in the U.S.
After the most recent withdrawals, 141 banks remain members of NZBA, including all of the largest banks in Europe.
“By strengthening their commitments, NZBA banks can demonstrate that they have not simply used U.S. obstructionism as an excuse to maintain the NZBA’s weak position,” McCully pointed out, saying those remaining would now have a chance to advance further.
Kwan added that NZBA’s loss of U.S. banks was not a death knell for the organization.
“While these major financial institutions leaving the alliance raises a question mark on the future of climate action in the financial sector, the remaining NZBA members represent a significant portion of the global banking sector, controlling approximately 40% of global banking assets, or $64tn [£51tn],” Kwan said, as The Guardian reported. “This substantial influence cannot be understated, and NZBA members can drive the transition to a net zero economy.”
The post 6 of the Largest U.S. Banks Leaving Net Zero Alliance Ahead of Trump appeared first on EcoWatch.
https://www.ecowatch.com/banks-leave-net-zero-alliance.html
Most sustainable lingerie is actually just basic undies and bralettes, but we’ve researched high and low to find you a curation of genuinely beautiful, sexy lingerie that’s made from lower impact materials with more responsible practices from small brands.
Why Do We Need Sustainable Lingerie?
It’s no secret that the brand that has dominated the lingerie market is problematic. Between a 2020 Times investigation uncovering Victoria’s Secret “entrenched culture of misogyny, bullying and harassment” to Hulu’s exposing Angels and Demons docuseries to their lack of supply chain environmental impact accountability.
But Victoria’s Secret isn’t alone. Many lingerie brands have their issues when it comes to perpetuating unrealistic beauty standards, relying on synthetic fossil fuel-derived materials like polyester, and lacking supply chain accountability.
While some relatively big name lingerie brands are centering inclusive marketing, we still have to ask questions like: what are their products made from and how are they made? who is making those bras and are they being paid fairly and working in safe conditions?
Because if a lingerie brand is claiming to empower women, they must also consider the women sewing their undergarments.
What Is Sustainable Lingerie?
So enough of the doom and gloom here! Let’s talk about what sustainable lingerie entails and what an ethical alternative to Victoria’s Secret might look like.
Because the fact is that there are a number of incredible eco-minded and ethical lingerie brands out there doing things better! While brands might not meet all of this criteria, these are some general aspects to keep in mind:
Eco-Conscious Materials
Most lingerie is made from polyester and nylon (synthetic plastic fibers). On the other hand, sustainable lingerie materials might include natural fabrics like organic cotton and Tencel or repurposed materials like deadstock fabrics and vintage trims.
Production Size
No matter how eco-conscious the material is, it’s still unsustainable if a brand is overproducing and wasting those garments! An eco-friendly lingerie brand would produce intentionally in small batches, use pre-order or made-to-order models, or have seasonless collections that they won’t toss as soon as the month is over.
Ethical Production
People are part of sustainability too. Look for brands with transparent and socially responsible production practices.
This could include owning their own factory/workshop, developing close relationships with their suppliers, using certified vetted factories, and importantly: paying those supplier factories enough money so that they can pay workers living wages.
Other Sustainability Practices
Some other ways an eco-friendly and ethical lingerie brand might prioritize sustainability include: using renewable energy to power their operations, using zero waste design practices, giving back to their community, and using eco-minded packaging.
Where To Find Sustainable and Ethical Lingerie
From elegant lace bras to bold bodysuits, these ethical and sustainable lingerie labels have it all — and they do it without keeping dirty secrets.
For more basic everyday bras and underwear, check out our Organic Underwear Brands Guide.
For sleepwear, take a look at our Sustainable Loungewear and Pajamas Guide.
This article features affiliates and partners. As always, we only feature brands that meet high standards for sustainability that we love — and that we think you’ll love too!
1. Araks
Araks is a conscious label with a stunning selection of intimates thoughtfully crafted in New York. From pastels to jewel tones, the sustainable lingerie brand has a lovely variety of hues to choose from.
As part of their efforts towards becoming zero waste, Araks selects intentional materials that are evergreen (meaning they can be used in many collections). And their sustainable bralettes, bras, and panties are made from materials like organic cotton, upcycled cotton, plant-dyed organic linen, and RECONYL.
Bralette Sizes: XXS – XL
Underwear Sizes: XXS – XXL
2. Maylyn & Co.
As a slow fashion brand, Maylyn & Co. crafts their timeless sustainable lingerie with intention.
The brand’s romantic slip dresses are made from plant-based Persian Lotus Silk
. In other words, the silky fabric is completely vegan and silkworm-free, made instead from Lotus fibers that are sourced from family farms in Persia.
Maylyn & Co.’s vegan lingerie and sleepwear is made in a small factory in Persia (which their team regularly visits) by makers who receive living wages, and have flexible working hours and lunch breaks.
Your eco-friendly lingerie from Maylyn & Co. is also shipped consciously in organic cotton and recycled packaging.
Sizes: M – XL
3. Juliemay
Designed for the ultimate all-day comfort, JulieMay’s feminine bras and briefs are synthetic free. Instead, most pieces are crafted from an all-natural blend of organic pima cotton and fairtrade mulberry peace silk.
The brand is accredited by AllergyUK to be safe for those with allergic reactions and skin sensitivities. (Elastane is a common irritant and is found in most undergarments.) The brand’s organic undergarments even feature a non-itchy soft tag!
Bra Sizes: 30B – 40G/42DD
Underwear Sizes: 8-18 UK
Use code CLS15 for 15% off!
4. Anekdot
Consciously handcrafted in Berlin by artisan sewers, Anekdot’s exquisite lingerie pieces and sets are soft, sophisticated, and come in confidence-boosting fits.
Anekdot uses many upcycled materials for their gorgeous pieces. They source surplus luxury fabrics from production leftovers, deadstock, off-cuts, and vintage materials.
Bra Sizes: XS – XL; AA – D cups
Underwear Sizes: XS – XL
5. Savara Intimates
Savara Intimate’s elegant bras (including a nursing bra!) are made from mindful materials like TENCEL, STANDARD 100 OEKO-TEX® certified cotton, and surplus lace that was leftover from large factories.
All of Savara Intimate’s sustainable lingerie is ethically made in a family atelier in Latvia and a factory in Romania, where women earn fair wages and work in safe conditions.
And for each bra sold, Savara donates €1 to Because We Carry, a nonprofit supporting refugee kids and moms.
Bra Sizes: S – XXL
Underwear (Slip) Sizes: S – XL
6. Aurore Lingerie
Celebrating the strength and independence as well as the femininity and sensuality of women, Aurore Lingerie designs elegant yet comfortable bras, bustiers, and thongs.
The conscious London-based lingerie label primarily uses deadstock lace, silk, and tule fabric (excess leftover stock) from Europe and Japan. Each piece is made by expert ateliers.
Bra Sizes: 32B – 38D (70B – 85D in cm)
Underwear Sizes: S – L
7. Underprotection
This Danish sustainable lingerie brand has bras, bodysuits, and briefs in neutral hues, full-on lace, and fun prints, depending on your preferred aesthetic.
The B-Corp Certified company sources from certified ethical and sustainable factories and uses eco-friendly fabrics like organic cotton, Tencel Lyocell, and Global Recycle Standard (GRS) certified recycled nylon lace.
Additionally, Underprotection works with vetted suppliers within Europe that have Fair Trade, WRAP, BSCI, and/or GOTS certifications.
Bra Sizes: 30A – 40E
Underwear Sizes: XS – XL
8. Torlowei
Torlowei is a Black woman-owned luxury lingerie brand with exceptionally designed bras, briefs, corsets, nightwear and more — most of which are made from natural fibers (they’re working towards finding replacements for the remaining 20%).
The brand sources from responsible suppliers that have sustainability initiatives and follow ethical production standards. And, by using only durable materials and offering repairs, Torlowei’s lingerie is designed to last.
Bra Sizes: 32B – 36E
Underwear Sizes: US2 – US16 / UK6 – UK20
9. Brook There
Proving that beautiful lingerie can still be breathable and comfortable, Brook There has super soft slip dresses, bralettes, and a variety of bottoms ethically made in Massachusetts from GOTS-certified organic cotton.
In their collection you’ll find pieces to suit your aesthetic, from delicate pastels and bold bright colors to a diverse set of neutrals and even undyed options. Brook There’s bralettes are the comfiest I own! And I love that they ship in minimal, recycled packaging too.
Bra Sizes: 32A – 38D
Underwear Sizes: XS-XL
Slip Dress Sizes: XS-XXL
The post 9 Best Ethical Lingerie Brands Not Keeping Any Secrets appeared first on Conscious Life & Style.
Sierra Orchards Craig and Emily McNamara credit Nick Roach, USSA
Sierra Orchards, a family farm located along the Putah Creek in Winters, California, has a long history of producing organic walnuts. However, as we learned when we met Craig McNamara and his daughter Emily on our recent USSA press trip, the farm is currently in transition. Facing market uncertainty and competition, the orchard is expanding into almonds, which it will grow conventionally at first, along with other crops.
History of Walnuts
For 47 years, walnuts have been the backbone of Sierra Orchards’ 450-acre operation, which has been certified organic since the mid-1990s. Over the past three years, however, the farm’s profile has changed: about 215 acres are still dedicated to walnuts, but 80 acres now grow almonds, and the farm is transitioning additional land to row crops and potentially olives.
Case for Change
Several factors prompted the decision to move away from a focus on walnuts. Emily and Craig explain that the main reason is that walnuts cannot be replanted after walnuts without major intervention. A phenomenon called allelopathy, a chemical reaction in the walnut tree’s roots and in the soil, makes it very difficult to plant a new walnut orchard after an old one. Diversification was also top of mind, they say. The rising cost of doing business, unpredictable markets, and a changing climate have made monoculture farming increasingly challenging.
Choosing Almonds
When planning a new direction, the orchard considered several alternatives, including pistachios, hazelnuts, pecans, and olives. Ultimately, almonds proved the best fit. The region’s Mediterranean climate is ideal for almond production; there are processors nearby, and the similarities between walnuts and almonds mean Sierra Orchards can use much of its existing harvest equipment. The almond industry’s excellent marketing support also added to the appeal.
Managing Almonds and Water
Craig highlighted that, just a few years ago, “almonds were the poster child for bad water consumption.” However, he points out that many crops require applied water during the growing season. Ultimately, what matters is how an orchard manages its water resources. Emily says that at Sierra Orchards, that means figuring out what each tree needs. The farm uses soil moisture sensors and pressure bombs, which measure the ‘blood pressure’ of trees from their leaves, to determine exactly how much water the trees need. A high-tech irrigation system collects field-level data, which the team reviews weekly to guide watering decisions. Sierra Orchards also relies on a buried drip irrigation system, delivering water directly to the roots while minimizing evaporation.
Transitioning the Orchard
Establishing the new 80-acre almond block called for careful planning. The orchard initially chose conventional methods over organic production, as the family was advised that growing almonds organically from day one would make it hard to manage the weeds and disease common in young orchards and the nutrients required.
They did not take this decision lightly. “Organic is our soul, it’s our blood,” concedes Emily. However, she says it reflects the reality of farming. “It’s a million-dollar investment for these 80 acres, and we had to be sure that we were planting the best trees that would take us through the next few decades of their lifespan and carry our farm as we transition other orchards.”
The farm has already started the three-year transition to organic, underscoring its continued commitment to organic practices.
The post Beyond Walnuts: The California Orchard Diversifying for the Future appeared first on USSA.
Beyond Walnuts: The California Orchard Diversifying for the Future
When it comes to establishing a “natural” skincare routine there are a few relatively simple swaps you can make: shampoo, skincare, deodorant, makeup and makeup remover — but, there’s one category that most people tend to struggle with and that’s non-toxic and eco-friendly perfume.
In this post, Madeleine of The Wise Consumer dives into what fragrance really is, if we should avoid all perfumed products, and how one goes about selecting an eco-conscious and natural perfume!
What is Fragrance Anyway?
For years I avoided any kind of perfume, eau de toilet, or spray — not because I didn’t love these kinds of products but because I was intentionally trying to avoid anything fragranced. And perfume is, in a word, just that — fragrance.
But what is “fragrance” actually?