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Written by Corporate Knights

$1 billion sales in two minutes. More than 250,000 purchases every second. Singles’ Day, China’s annual retailing extravaganza, absolutely crushes Black Friday: E-commerce giant Alibaba raked in $17.8 billion in gross sales during last year’s event, more than double the combined total of $6.8 billion in sales during the United States’ 2016 holiday shopping kick-off. The shopping spree lasts only 24 hours, but its environmental impacts will extend for decades.

Couriers delivered more than a billion packages after 2016 Singles’ Day sales, and just 10 per cent of the packaging was recycled. Packing tape, bubble wrap, and plastic bags contain non-biodegradable materials that take hundreds

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By Corporate Knights

Corporate Knights Inc. (CK) includes the award-winning business and society magazine Corporate Knights, as well as a CSR research division which produces corporate sustainability rankings, research reports and financial product ratings based on corporate sustainability performance. Its best-known rankings include the Best 50 Corporate Citizens in Canada and the Global 100 Most Sustainable Corporations. In June 2013, Corporate Knights was named “Magazine of the Year” by Canada’s National Magazine Awards Foundation.

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