Month: September 2022

Del Monte Foods Announces Commitment to Net-Zero Emissions Goal

Stuart Mitchell

Del Monte Foods, Inc. has announced its commitment to achieve net-zero emissions by 2050 in line with the Science Based Targets Initiative’s (SBTi) Net–Zero Standard. To achieve this goal, the company has also committed to define near-term science-based targets to reduce Scopes 1, 2 and 3 carbon emissions that support SBTi’s focus on limiting global temperature rise to 1.5°C. Aligning with SBTi gives the company a clearly defined and measurable path to not only achieve its long-term goal of net-zero emissions by 2050, but also drive near-term and consistent progress for…

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Global ad spend to rise 8.3% this year but growth will slow significantly in 2023

Stuart Mitchell

Global advertising spend is on course to rise by 8.3% – or $67.3bn – to $880.9bn this year, finds WARC, lifted by a positive first half for holding companies and a boost from cyclical events in the second, most notably the US midterm elections and the men’s FIFA World Cup in Qatar this November. Market growth is then set to ease significantly – to 2.6% – in 2023, as investment is inhibited by cooling economic conditions and third-party cookie blocking online. The new projections, based on data from 100 ad…

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First power at Scotland’s largest offshore wind farm

Stuart Mitchell

SSE Renewables and its partner TotalEnergies has announced first power generation from the Seagreen offshore wind farm, 27km off the coast of Angus in Scotland. The first Vestas turbine of a total of 114 was commissioned and connected to the grid in the early hours of Monday morning. The 1,075 MW wind farm is expected to be fully operational in the first half of 2023. The £3bn Seagreen project will be Scotland’s largest offshore wind farm and the world’s deepest fixed bottom wind farm with its deepest foundation due to…

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Downing LLP provides an additional £4.4 million to Special Educational Needs Group Bridges Care and Education

Stuart Mitchell

Investment manager Downing LLP has agreed a follow-on investment of £4.4 million for its platform Bridges Care and Education (“BCE”), a provider of special education needs schools in the UK, which trades under the Spaghetti Bridge name. The additional investment was used to support the acquisition of a freehold property in Paignton, Devon and will provide funding to refurbish the building and open it as a 70-place day school for children with social, emotional and mental health needs, including those on the autistic spectrum. The new school will be called…

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Companies Need To Invest in Water and Toilets To Drive Health, Wealth and Business

Stuart Mitchell

First-of-its-kind research released by WaterAid shows when companies invest in water, sanitation and hygiene (WASH) for their employees, their business thrives. Productivity, punctuality, health, morale and loyalty all improve; absenteeism and staff turnover decreases – ultimately driving business profits through increased productivity. The new data, released in two reports titled ‘Boosting business: why investing in water, sanitation and hygiene pays off’, supported by HSBC, was carried out in the apparel and leather industries across six workplaces in India and Bangladesh over a two-year period. The reports include projections for the…

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