Day: 19 April 2023

SAP Finalized New Sustainability-Linked Revolving Credit Facility of €3 Billion

Stuart Mitchell

SAP SE signed new €3 billion sustainability-linked revolving credit facility. SAP has successfully closed a new sustainability-linked revolving credit facility with a volume of €3 billion and a tenor of five years plus two one-year extension options. The facility was syndicated among a group of 20 core relationship banks. A possible future drawdown is not bound to any financial covenants. The new facility replaces the existing €2.5 billion facility. In line with SAP’s strategic commitment to sustainability, a sustainability component has been embedded in the new credit facility for the…

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Vattenfall’s offshore wind turbines to test sustainable food production

Stuart Mitchell

How can fossil-free offshore wind power and sustainable food be produced – all while improving the marine environment and biodiversity in the same marine area? This is what the new collaboration ‘Win@Sea’ between Danish universities, companies and Vattenfall hopes to investigate. Offshore wind is an efficient and fossil-free energy source, and in recent years many governments have set ambitious targets for an accelerated expansion. What’s more, the demand for food with a low climate footprint is increasing, and the oceans can be a resource here. However, space at sea is…

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New Paper Mill Sets Standard for Sustainability and Net-Zero Water Use

Stuart Mitchell

Rockwell Automation helped Green Bay Packaging open the first new papermill in Wisconsin in more than 35 years, providing power and process solutions that increase production capacity, improve reliability, and meet sustainability goals. Rockwell’s digital technology connects islands of automation that generates real-time data for better decision-making at the mill and across the enterprise. When paired with larger paper-making machines and upskilling of current employees, the new drive and controller technologies help the new plant more than double the output of the previous plant. The data also enables predictive maintenance,…

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Co-op expands tech-recirculation trials with Spring with launch of new reusable postal pouches

Stuart Mitchell

Co-op has expanded its trial with tech-recirculation start-up, Spring, with the introduction of new, reusable Pouches to help consumers cut e-waste and unlock the value in their old and unwanted phones and electronic devices. The new service, known as Spring Post, launches this week in 45 Co-op stores located in towns and cities including: Birmingham; Brighton; Bristol; Cardiff; Leeds; London; Manchester and Swansea. Customers simply collect one of Spring’s unique durable, padded and waterproof Pouches from a participating Co-op store, and send tech they no longer use to Spring, safely…

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Kimberly-Clark Ranks Third Among Barron’s 100 Most Sustainable Companies of 2023

Stuart Mitchell

Kimberly-Clark have announced that Barron’s ranked the company No. 3 on its 2023 list of the 100 Most Sustainable Companies, which recognizes outstanding environmental, social and governance (ESG) ratings among the 1,000 largest U.S. publicly traded companies. This marks the fourth consecutive year that Kimberly-Clark was included in the list. “I’m proud of how our team at Kimberly-Clark continues to prioritize care for our stakeholders in the face of significant global challenges. These events are taking a toll on society and our planet, reinforcing the need to be better stewards…

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