kyrocketed with the overexploitation of our environmental resource.
This success was, however, short-term.
Negative repercussions soon prevailed in 1992 as the cod species projected towards extinction. The environmental resource was not sustained.
The Canadian cod fisheries consequently collapsed. 35,000 fishermen and fish plant workers lost their jobs in the largest industrial closure of Canadian history. A non-sustained environmental resource resulted in adverse social and economic repercussions. Displaced workers were given financial aid and provided with retraining programs, all at a cost to the Canadian economy.
Sustainable business case study two: 2015 Indonesia fires
In February 2015, 5,000km of Indonesia burned under a thick smog. The vast palm oil monocultures, which provoked this catastrophe, were reduced to ash.
Torching a wonderland rich in endemic species to clear the way for plant monocultures of palm oil had always imposed a hazard. In 2015, which was a warmer year than usual, that hazard spread like wildfire over Indonesia.
Again, activities that did not account for sustaining nature caused a delayed backlash that whipped havoc over Indonesia’s society. Accounting for both direct deaths from the blaze and indirect deaths from the lingering smokey haze, 100,000 people were estimated to have died from the disaster.
The economic impacts were just as cutting. The estimated cost of these fires for Indonesia, due to humanitarian aid and loss of productive land, was around $1.6 billion.
Sustainable business case study three: Dhaka garment factory collapse
On April 24th, 2013, the factory known as Rana Plaza in Dhaka cracked and shuddered under the weight of its workers and machines. The Bangladeshi factory, serving the fast fashion industry, had its workers stitching and sewing over twelve hours a day, to take home as little as ~$50 a month each.
Structural cracks in the eight-story commercial building were reported, causing the closure of shops in its lower floors. The garment factory owners ignored war