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Ingka Group makes first circular investment in China with stake in plastic recycler Re-mall

Stuart Mitchell

Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, today announces a growth capital injection in Re-mall (Shanghai Re-mall Environmental Protection New Material Co., Ltd.), the China-based recycler of post-consumer packaging waste, which uses a proprietary technique and process to produce transparent recycled polypropylene (“rPP”) for use in new products. The plastic recycling industry faces numerous challenges, which Re-mall is working to overcome. These include contamination from food residues and labels, quality degradation of the material across recycling cycles, high processing costs, and volatile market demand for…

SBTi Calls on Companies to Test Draft Automotive Sector Net-Zero Standard

Stuart Mitchell

The Science Based Targets initiative (SBTi) is inviting automakers and auto parts manufacturers to pilot test its draft Automotive Sector Net-Zero Standard—a unique opportunity to demonstrate credible climate leadership and a key step to help shape the industry’s pathway to net-zero emissions. The draft Automotive Sector Net-Zero Standard is a new, comprehensive framework designed for automakers and auto parts manufacturers to set greenhouse gas emissions reduction targets in line with what is needed to achieve net-zero emissions by 2050 at the latest. It builds on key elements of the Land…

World Bank Group joins African Development Bank Group and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy (MADE) Alliance: Africa

Stuart Mitchell

The World Bank Group has signed on as co-chair of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, an initiative aiming to provide digital access to critical services for 100 million individuals and businesses across Africa by 2034. The World Bank Group joins current co-chairs and founding members, the African Development Bank Group and Mastercard, aligning collective efforts to deliver critical digital services across the African continent. The MADE Alliance aligns with the World Bank Group’s efforts to accelerate digitalization by expanding access to secure, affordable, high-quality broadband…

U.S. Bank Announces Resource Hub to Assist Small Business Owners

Stuart Mitchell

U.S. Bank has launched a new online education platform called U.S. Bank Business Resources Central that provides educational courses and other tools to help small business owners run and grow their businesses. The platform, which is free, is designed to help U.S. Bank clients and non-clients, as well as small businesses that are suppliers to the bank. The new resource hub aligns with a commitment at U.S. Bank to support small businesses, which are a driving force in the economy and a vital source of employment. As part of this…

New British Gas Energy Trust report calls for unified action to end fuel poverty, bringing frontline voices to policymakers

Stuart Mitchell

The British Gas Energy Trust (the Trust) recently published its report, Towards a fairer future: A unified approach to ending fuel poverty in Britain. A follow on from its 2024 landmark piece, Towards an end to fuel poverty in Britain, the report amplifies the experiences and recommendations of charities, community organisations, and industry representatives working directly with those most affected by fuel poverty. With the number of fuel-poor households in England more than doubling from 4.3 million to 8.9 million between 2020 and 2024, this report captures critical insights from…