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Case Study (1) on Ethics and Environmental Sustainability in Bangladesh The following case is on Sustainability and it was taken from The Daily Stars Business Page on November 20, 2020: Denim Expert Ltd and Green Delta Insurance Company have come up as honorable mentions in a World Economic Forum (WEF) "New Champion" award category earlier in November for them extraordinary performance on sustainability and inclusivity. The duo won the accolade in the Excellence in Sustainability category of the award bestowed on global recycling company Gemini Corporation, traceability technologies provider Optel Group and risk management advisory and consultancy Risk Insights. In a statement, the WEF said to have bestowed the award on companies exploring business models, technologies and sustainable growth strategies needed in the Fourth Industrial Revolution. The terminology is also said to recognize excellence in agile business governance and companies building a better future through their impacts on the planet and society. The eligibility criteria include potential to create real long-term change, deliver a substantial impact on business and society, financial viability and readiness for operating at scale, if they are not already doing so, said the statement. The international NGO said the niche denim manufacturing plant was actively working to promote sustainability and inclusivity in Bangladesh's apparel industry. "In 2019, the firm set sustainable goals and targets across several areas, including reducing consumption of energy and water, CO2 emissions, and waste generation." "In association with USAID, the firm is also working to provide opportunities to transgender people and human trafficking survivors," said the WEF. "We are proud of our green factories in Bangladesh. We have a lot of achievements in sustainability globally. Such awards will help build a positive image of Bangladesh, particularly of the Bangladeshi garment sector," said Mostafiz Uddin, managing director of Denim Expert, over the phone. As for the insurer, the WEF termed it the largest insurance company in Bangladesh. The firm is working to provide affordable universal health coverage, which now impacts 82,000 households directly and 65,000 people indirectly, it said. Required Questions: a) The Denim Expert won the accolade in the Excellence in Sustainability category. What were the reasons for that award? b) Is there any industry in Bangladesh for which environmental sustainability is a crucial need? If yes, why and how?