GOOD

Costco Agrees to Sell Sustainable Seafood: Victory, Paradox, or Both?

Costco has finally updated a sustainable seafood policy. It's a really big deal, but it poses some equally big questions.

Seafood is big business at Costco. The company is the largest retail-sector purchaser of seafood in North America, and sold an astonishing $500 million's worth globally in 2006, the last year for which figures were available.


That's why today's announcement from Greenpeace that Costco has acceded to most of its campaign demands and pledged to adopt more sustainable seafood policy, is a really big deal. Perhaps the most significant change Costco has agreed to make is to stop selling 12 species of fish listed on the International Union for Conservation of Nature's Red List of Threatened Species, including popular favorites such as Chilean sea bass and swordfish.

Greenpeace began its "Oh-No-Costco" campaign nearly a year ago, after giving the wholesale club a "Fail" grade in its 2010 Carting Away The Oceans report on the seafood retail industry. Today, the environmental pressure group called Costco's new policy a "victory," although they noted that the company will need monitoring to make sure it follows through on its promises, and "still has a long way to go."

Costco's announcement comes hot on the heals of Walmart's shift towards stocking more organic and regionally-sourced foods, and both form part of a growing trend toward sustainability on the part of major corporations. It's an interesting relationship: After all, some would argue that the overconsumption that companies like Costco and Walmart encourage is the antithesis of sustainability. Indeed, back in 2007, Harvard professor Michael Norton published a study on what he called the "Costco Effect," arguing that the membership fees and bulk packaging of these big box stores encourages impulse buys and increased levels of food waste. Meanwhile, there are plenty of proponents of artisanal and local "Slow Food" who would argue that the sheer scale of globalized retail can never be truly sustainable, given the distance it puts between grower and consumer.

On the other hand, Costco's huge volume business also means that it has an equally huge impact on the seafood industry—and thus on the environment. Among salmon suppliers and MBAs alike, Costo is legendary for its transformation of farmed salmon in the late 1990s. A recent article in the industry's Seafood Business magazine included quotes from several vendors that made the extent of Costco's leverage clear:

Club stores brought farmed-salmon consumption to "a whole new level," says 
Jason Paine, VP-sales for Multiexport Foods, a Miami-based Chilean-salmon importer, [...] by sheer volume and by demanding that portions of fresh, farmed salmon be skinless, with any brown-colored flesh and pinbones removed.

"At one time, Costco was the single-largest buyer of farmed-salmon fillets in the country, by far," says Tom DeMott, managing partner of Encore Associates, a retail-industry consulting firm. "When you have that situation, a major buyer with a certain spec, now the vendor can more easily supply that product to the industry as whole."

\n

Corporations of this size clearly have a huge impact on global environmental and public health—and, as examples such as Walmart's support for compact fluorescent lightbulbs, PepsiCo's salt and sugar reduction pledges, and now Costco's sustainable seafood policy show, this impact can be positive as well as negative. And in today's political environment, the reality is that global capitalism is not going to disappear—which means that gigantic corporations such as Walmart and Costco are going to have to be part of the solution to the resource challenges we're facing, despite the undeniable problems associated with their business model.

Articles
via David Leavitt / Twitter

Anyone who has ever worked in retail knows that the worst thing about the job, right after the pay, are the unreasonable cheapskates who "want to talk to your manager" to get some money off an item.

They think that throwing a tantrum will save them a few bucks and don't care if they completely embarrass themselves in the process. Sometimes that involves belittling the poor employee who's just trying to get through their day with an ounce of dignity.

Twitter is rallying around a gal named Tori who works at a Target in Massachusetts after she was tweet-shamed by irate chapekate, journalist, and Twitter troll, David Leavitt.

Keep Reading
Business

Childbirth is the number one reason American women visit the hospital, and it ain't cheap. In fact, it's getting more and more expensive. A new study published in Health Affairs found that the cost of having a baby with employer-sponsored health insurance increased by almost 50% in the past seven years.

The study evaluated "trends in cost-sharing for maternity care for women with employer-based health insurance plans, before and after the Affordable Care Act," which was signed into law in 2010. The study looked at over 657,061 women enrolled in large employer-sponsored health insurance plans who delivered babies between 2008 and 2015, as these plans tend to cover more than plans purchased by small businesses or individuals.

Keep Reading
Health

A meteorite crashed into Earth nearly 800,000 years ago. The meteor was 1.2 miles wide, and the impact was so big, it covered 10% of the planet with debris. However, scientists haven't been able to find the impact site for over a century. That is, until now. A study published in the Proceedings of the National Academy of Sciences journal believes the crash site has been located.

Tektites, which are essentially rocks that have been liquefied from the heat of the impact and then cooled to form glass, help scientists spot the original impact site of a meteor. Upon impact, melted material is thrown into the atmosphere, then falls back to the ground. Even if the original crater has disappeared due to erosion or is hidden by a shift in tectonic plates, tektites give the spot away. Tektites between 750,000 to 35.5 million years old have been found in every continent except Antarctica.

Keep Reading