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globalEDGE Blog - Page 278

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On , the lives of 15,000 people in , ended unexpectedly with a catastrophic chemical plant accident.  On March 24, 1989, an oil barge, the , ran aground and created one of the worlds largest ecological disasters.  Events like these are cemented into history because they have marked important turning points for enhanced levels of corporate and their impact on the environment.  On this topic we’ll approach the subject from two different vantage points:

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In the past decade "going green" has been a popular word among businesses. Many have changed a plethora of their methods to be more environmentally friendly. The business green movement has evolved from the global green movement in other areas.

Going green and being conscious of the environment is something that dates back to the ancient Greeks and Romans. In the middle of severe fuel shortages, they began building cities and houses with windows facing the sun in the wintertime to make use of solar energy. A more recent example is the idea of sustainable development, meeting human needs while preserving the environment. This idea emerged in a series of meetings during the 1970s and 1980s. In 1972, the UN Stockholm Conference on the Human Environment was the first great international meeting to address how human activities are harming the environment. However, action plans were not drawn until the UN Conference on Environment and Development in Rio de Janeiro in 1992.

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In a with Mitch Jackson, the senior director of environmental affairs and sustainability at FedEx, Doug Barry from the U.S. Commercial Service was told a few ways that companies can not only reduce their environmental footprint, but also increase the standards of living for all. I personally took quite a few things away from this interview. I learned the following:

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Unfortunately, the global economic crisis was not biased when it struck industries across the world.  Driven by high-rolling, high-ego aficionados, the was impacted more than one would have expected.  With artworks ranging from just $500,000 to well into the millions of dollars, buyers who take interest in these unique items also felt the burn from the instability of the world markets and significant decrease in personal wealth.  As a matter of fact, in 2007 the art market was valued at $65 billion, down from $113 billion just five years before.  Today it is estimated to be as low as $50 billion.

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The 2010 FIFA World Cup is coming to . Along with it are several business opportunities! As the most popular sport in the world, football brings countless opportunities for many industries to take advantage of. The World Cup in particular attracts business people from all over the world because of its expansive publicity and popularity.

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Some people say Wal-Mart, others say Carrefour, but Iran is saying Hyperstar. Hyperstar, found in western Tehran, is ’s first large U.S.-style , financed by a businessman from the . It is becoming incredibly successful with an average of 15,000 customers a day! Shoppers consist of mainly middle-class residents who show an increasing interest in shopping and traveling.

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It’s that time of year again! All over the world workers are bustling around, working hard to prepare for the upcoming holiday season. Online retailers are rushing to get everything in order for the big day – “Cyber Monday”. This is the first Monday in December and also the most popular day for online shopping. This year, expectations are high and hopefully, so will be sales.

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Last week, the Government of , together with the Department for International Development, the World Bank and the United Nations got together for an investment conference in London, showcasing the opportunities for . Over 500 ruputable companies and 1,000 participants were in attendance.

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The European Commission recently funded a five year project that was completed during fall 2009 - the ENSEMBLES project. Its purpose was to develop a prediction system to provide relevant information on climate change and its interactions with society. According to a report submitted by the scientists who worked on the project, , , and are some of the countries that will most likely experience great changes by the end of the century due to climate changes.

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“Sustainable Development” has quickly become a term used by companies across the world to explain efforts addressing the use of natural resources.  Generally speaking, the concept describes how a company can increase its efficiency, thereby reducing its overall impact on mother earth.  The demand in the marketplace to solve energy-related issues is growing, based on recent changes in global governmental policy.