Day: 23 March 2020

First Standardized Guidelines to Measure Plastic Pollution Across Corporate Value Chains Published by the Plastic Leak Project

Stuart Mitchell

Leading sustainability consulting group Quantis and ecodesign center EA, together with 35 member organizations and stakeholders, are pleased to announce the release of the Plastic Leak Project (PLP) Guidelines, the first standardized methodology to map, measure and forecast plastic leakage across corporate value chains. Plastic leakage is the potential amount of macro- and microplastics that are not kept in a circular loop or properly managed at their end-of-life, and thus leak into the environment. The PLP guidelines allow companies to move from commitment to science-based plastic strategies and meaningful actions…

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Nilfisk Joins the Science Based Targets Initiative – Commits to Reduce Carbon Footprint by 35 Percent

Stuart Mitchell

Nilfisk acknowledges the importance of making a serious effort to reduce its climate footprint and is ready to take the next step toward doing so by joining the Science Based Targets initiative (SBTi). The SBTi is the only global initiative that directly links a company’s carbon-emission targets to the Paris Agreement and associated global efforts, in order to keep the rise in global temperature below 1.5°C. Nilfisk is committed to reducing its carbon footprint resulting from direct emissions, as well as emissions from purchased electricity, by at least 35% before…

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Sodexo Achieves 100% Responsibly Harvested White Fish in Maine, Announces New Commitment

Stuart Mitchell

Sodexo, a food services and facilities management company committed to improving Quality of Life, has achieved serving 100% Gulf of Maine Responsibly Harvested® white fish at all of its Maine locations. The achievement comes after five years of shifting all white fish purchasing to this ecolabel in partnership with the Gulf of Maine Research Institute (GMRI). Sodexo’s managers, chefs, and clients celebrated the achievement with GMRI along with local fisher-people, farmers and other vendors at the governor’s mansion, the Blaine House, on February 27. Local food sourcing is a priority…

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BNP Paribas and JetBlue Partner to Close First Sustainability-Linked RCF for the Airline Industry

Stuart Mitchell

BNP Paribas, a premier global bank, has announced that it has closed a sustainability-linked loan (“SLL”) with JetBlue Airways via an amendment to its existing Senior Secured Revolving Credit Facility . JetBlue has amended its existing $550 million Senior Secured Revolving Credit Facility by including a “sustainability-linked” provision to align its strategic initiatives with its environmental, social, and governance performance (ESG) goals and objectives. BNP Paribas assisted the Company as the sole Sustainability Structuring Agent in this effort. This SLL includes a pricing mechanism related to the applicable margin and…

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UPM develops wood based biocomposite material with up to 100 % renewable resources

Stuart Mitchell

UPM has developed a new world-class biocomposite material which meets the highest sustainability requirements. The new material, called UPM Formi EcoAce, contains certified wood and cellulose fibers, as well as certified renewable PP polymers from SABIC’s TRUCIRCLE™  solutions that are made using wood-based feedstock from UPM Biofuels production. The UPM BioVerno production is certified by both ISCC PLUS and RSB and the sustainability of the material has been verified accordingly. The environmentally sound UPM Formi EcoAce is a drop-in solution: it can smoothly replace fossil-based solutions as it is identical…

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