Tag: sustainability

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

Stuart Mitchell

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

Stuart Mitchell

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

Stuart Mitchell

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

Stuart Mitchell

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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LSE launches ambitious plan to embed environmental sustainability across its operations

Stuart Mitchell

LSE has launched its plan to tackle the climate crisis and announced it will be the first UK university to become carbon neutral, for all the emissions it currently measures. This status will be achieved through ongoing work by the School to reduce its carbon footprint and by offsetting residual emissions through the funding of carbon reduction projects elsewhere. Currently, LSE measures emissions associated with the School’s energy use, water consumption, waste generation and business travel. The leading social science institution has already significantly reduced its carbon footprint through investment…

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