Bridgestone Americas Underscores Commitment to Sustainability with New $1.1 Billion Credit Facility

Bridgestone Americas, Inc., has announced the issue of a $1.1 billion sustainability-linked credit facility, one of the first of its kind in the U.S. tire industry.  The credit instrument underscores the commitment of Bridgestone to sustainable business practices and complements its 2050 Vision to become a sustainable solutions company that provides social and customer value.  “Sustainability is at the center of our company’s mission to realize innovations that improve the way people move, live, work and play, “said Paolo Ferrari, president and CEO of Bridgestone Americas, Inc. “We will continue…

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Tetra Pak Calls for Collaborative Innovation to Tackle Sustainability Challenges in the Food Packaging Industry

Tetra Pak has introduced a new collaborative innovation model with leading paperboard producers, a move aimed at tackling the food packaging industry’s sustainability challenges. The traditional operating model of a linear supply chain has changed, and a new partnership ecosystem model is emerging, where the entire industry works in close collaboration. This brings together not only producers and suppliers, but also research institutions, universities and start-ups in an attempt to find solutions. According to the latest research the global food supply chain system is responsible for 26% of global greenhouse gas emissions; a…

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Tesco launches first sustainability-linked bond of €750m

Tesco has launched a bond that, for the first time, is linked to the Company’s commitment to reduce greenhouse gas emissions. Tesco was the first business globally to set a zero-carbon goal in 2009 and later the first FTSE 100 Company to set science-based carbon reduction targets on a 1.5-degree trajectory. The launch of our first sustainability-linked bond further demonstrates the strength of our commitment to reduce our impact on the environment and become a net zero carbon business in the UK by 2035. The €750m bond with a 0.375%…

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Vinyl Council of Australia and U.S. Vinyl Sustainability Council to Explore Sustainability Program Reciprocity

The Vinyl Council of Australia (VCA) and the United States Vinyl Sustainability Council (VSC), have announced the signing of a memorandum of understanding (MOU) to explore a pathway to reciprocity between the two sustainability programs by sharing best practices and collaborating on sustainability program development. Collaboration between the VCA’s PVC Stewardship Program and VSC’s +Vantage Vinyl™ program seeks to promote global harmonization, broaden recognition of industry leaders, and increase industry participation in these sustainability programs. “While circumstances vary regionally, sustainability is a global issue and vinyl products participate in a…

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UK SMEs remain committed to sustainability despite Covid-19

The majority of UK SMEs remain focused on improving their environmental sustainability despite Covid-19, according to Lloyds Bank Commercial Banking’s Business Barometer. More than half (54%) of UK SMEs said becoming more environmentally sustainable is important to their business – just ten points fewer than the proportion that said the same in 2019 (64%). Despite the challenges of the last year and the disruption caused by the coronavirus pandemic, more than half (52%) of UK SMEs continued to work to become more environmentally sustainable in the past 12 months –…

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