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New wealth of top 1% surges by over $33.9 trillion since 2015 – enough to end poverty 22 times over

Stuart Mitchell

The world’s richest one per cent increased their wealth by more than $33.9 trillion in real terms since 2015, according to new Oxfam analysis published ahead of the world’s largest development financing talks in a decade. This is more than enough to eliminate annual poverty 22 times over at the World Bank’s highest poverty line of $8.30 a day. The wealth of just 3,000 billionaires has surged $6.5 trillion in real terms since 2015, and now comprises the equivalent of 14.6 per cent of global GDP. Oxfam’s new briefing paper,…

Nestlé programme sees improved incomes and better resilience among cocoa farming families

Stuart Mitchell

Nestlé’s income accelerator programme is delivering measurable improvements in income and household resilience among participating cocoa-farming families in Côte d’Ivoire. This is according to a new independent evaluation by the KIT Institute assessing progress made by the program in 2024. Despite the 2023/2024 cocoa season being one of the most challenging in recent years, marked by poor cocoa harvests due to changing weather patterns, households participating in the programme have seen yields 18% higher than the control group of cocoa farmers not in the programme. This has resulted in increased…

Polytag urges UK recycling sector to unite for a smarter, circular future

Stuart Mitchell

Polytag, a leading innovator in the recycling industry and world leader in tagging and tracing packaging, has issued a bold call to action for sector-wide collaboration to transform the UK’s struggling plastics recycling system. Launching a new whitepaper at an event attended by high-profile industry players, Polytag has outlined a practical, scalable blueprint for a circular economy, rooted in barcode-level traceability and next-generation sorting infrastructure – using technology that is already installed and delivering results today. The company is urging FMCG businesses and recyclers to act now, as policies such…

XPO Logistics and Samsung Climate Solutions bring biodiversity initiative to Leicester warehouse

Stuart Mitchell

XPO Logistics, a leading provider of innovative and sustainable end-to-end logistics solutions across Europe, is expanding its Nature Network project to its shared-user warehouse in Leicester. The site offers consolidated storage and logistics services for Samsung Climate Solutions and other customers. It has now become the latest location to benefit from XPO Logistics’ biodiversity and employee wellbeing programme. The Nature Network project, launched earlier this year at the company´s UK headquarters in Crick, Northamptonshire, is designed to improve biodiversity around XPO Logistics sites across the UK and Ireland. It aligns…

Unity Trust Bank appoints Christine Coe as first female Chair of the Board

Stuart Mitchell

Unity Trust Bank has appointed Christine Coe as the first female Chair of its board of directors, as Alan Hughes ends his term after 10 years in post. Christine joined Unity’s Board as an independent non-executive director in 2023. She chairs the Board Risk Committee and is a member of the Nomination Committee and Board Audit Committee. With over 40 years’ global credit and risk experience, which she gained through a variety of senior roles at HSBC, Christine brings a wealth of expertise in commercial banking, financial policy and regulation.…