Ethics, Environment and Business

• What are ethics?

  The moral standards by which behaviour is judged
• What is fast fashion?

  Mass-produced, inexpensive clothing that quickly imitates current fashion trends.
• Fast fashion:

  -2400 gallons of water for a pair of jeans

  -emits 10% global gas emmisions

  -second hand things are meant to double in value over the next 10 years
• Increasing ethics can mean:

  -increasing worker pay and conditions

  -increasing price paid to low income suppliers

  -paying tax in the country where the firms is most active, not where the rate is the lowest

  -being honest with investors and consumers

  -using environmentally friendly production processes

  -reducing carbon emissions

  -using sustainable materials

  -prioritising animal welfare

  -consulting with local communities

  -reducing plastic packaging