LF Logistics, Li & Fung’s logistics business, is supporting an initiative launched by its customer, Nike, and Ocean Conservancy to prohibit shipping through the Arctic Ocean. Though LF Logistics does not use any Arctic sea routes, its signing of the pledge means that it along with other signatories will take shared responsibility for preserving the Arctic.
Li & Fung is the leading supply chain solutions partner for consumer brands and retailers. It is anticipated that the rapid reduction of Arctic sea ice caused by climate change could possibly increase cargo transportation through Arctic sea routes that were previously unnavigable, offering shorter transit times compared to traditional routes. This raises major environmental risks to marine life as well as the human population that relies on a healthy Arctic ecosystem for its livelihood.LF Logistics, Li & Fung's logistics business, is supporting an initiative launched by its customer, Nike, and Ocean Conservancy to prohibit shipping through the Arctic Ocean. Though LF Logistics does not use any Arctic sea routes, its signing of the pledge means that it along with other signatories will take shared responsibility for preserving the Arctic.#
“We are proud to support Nike’s leading role in this pledge which will help prevent harmful trans Arctic shipments. Li & Fung is committed to operating supply chains in a responsible and sustainable manner. We strongly believe in the power of collaboration on urgent action which will bring about a change in the industry and protect the fragile Arctic ecosystem,” said Joseph Phi, group president, Li & Fung.
“Our support to Nike and Ocean Conservancy is critical to the future of this already fragile region. The severe impact of climate change on the Arctic ecosystem is apparent, as evidenced by the rapid reduction in sea ice. The possibility of increased shipping will have catastrophic effects on our ocean,” said Harsh Saini, executive vice president, Sustainability and Government and Public Affairs, Fung Group.
In August 2019, Fung Group announced its commitment to the Fashion Pact, a coalition of more than 30 global fashion and textile companies pledging to reduce the environmental impact of the fashion industry. Presented at the G7 summit by French President Emmanuel Macron, the Fashion Pact focuses on three areas: stopping global warming, restoring biodiversity and protecting the oceans. The objectives of Nike and Ocean Conservancy’s Arctic Shipping Pledge closely align with the Fashion Pact, as well as Li & Fung’s endeavour of pollution prevention and the implementation of environmental responsibility programmes into its operations and supply chains.
Fibre2Fashion News Desk (SV)
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