Day: 14 October 2022

Patagonia’s Next Chapter: Earth Is Now Our Only Shareholder

Stuart Mitchell

Patagonia announced new ownership recently, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. The Patagonia Purpose Trust now owns all the voting stock of the company (two percent of the total stock) and exists to create a more permanent legal structure to enshrine Patagonia’s purpose…

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New research reveals the business benefits from factory to field of investing in water and toilets

Stuart Mitchell

Clean water, decent toilets and handwashing facilities are vital for business success, and often drive a steep return on investment, WaterAid’s latest research, ‘Boosting business: why investing in water, sanitation and hygiene pays off’, shows. Water and sanitation, at home, in the community and at work are foundations for health and wellbeing. By investing in them, companies can foster a host of socio-economic benefits for employees and their families – boosting productivity, reducing sickness and absenteeism and cutting medical and sick pay costs, according to the new research. Businesses can…

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Closed Loop Partners Releases Key Insights from First-of-a-Kind Multi-Retailer Reusable Bag Pilots, with CVS Health, Target & Walmart

Stuart Mitchell

Closed Loop Partners’ Center for the Circular Economy and the Consortium to Reinvent the Retail Bag released a new resource to help guide retailers looking to adopt reusable bag service models. The report, Beyond the Plastic Bag, shares key insights and analysis gathered from collaborative reusable bag pilots conducted in select CVS Health, Target and Walmart stores throughout Northern California in 2021, as part of the Consortium to Reinvent the Retail Bag’s Beyond the Bag Pilots. Approximately 100 billion single-use plastic bags are used each year in the U.S., most…

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New DMA research reveals how the cost of living crisis is impacting consumer spending and loyalty habits

Stuart Mitchell

The Data & Marketing Association (DMA) has published its latest report in the Customer Engagement series, ‘How to Win Trust and Loyalty’. The current cost of living crisis is challenging consumers in ways that are changing their spending habits. Across all categories tested, most consumers have made changes or are planning to make changes to their spending habits. While it may be clear that cutting back is a common response by consumers to the cost of living crisis, it is useful for brands to understand where, how much, and why.…

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DuPont Publishes 2022 Sustainability Report

Stuart Mitchell

DuPont has published its 2022 Sustainability Report detailing the progress made in its environmental, social and governance (ESG) journey, as well as actions to achieve its 2030 Sustainability Goals. “Despite another year of unforeseen challenges, I’m proud of the resilience and strength our teams have shown in the face of uncertainty and change, showing up every day and delivering what matters to our customers, shareholders, communities and each other,” said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. “Our sustainability strategy is helping power our transformation as a premier…

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