A study by the Ellen MacArthur Foundation sheds light on the potential of returnable packaging to address the plastic crisis and underscores the environmental benefits of adopting reusable plastic packaging for various consumer goods categories.
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The letter, signed by the likes of Bayer, Ikea, Nesté, Unilever, Volvo, comes just after the European Council called for carbon neutrality by phasing out fossil fuels and increasing renewable energy capacity.
According to the status report, companies reported in line with 5.3 of the TCFD’s recommended 11 disclosures, up from 3.2 in 2020.
Joining the Farm Powered Strategic Alliance contributes to the company’s support of regenerative agriculture, a key factor in decarbonizing the farming industry.
The program was launched in 2020 by Vanguard Renewables, Dairy Farms of America, Starbucks, and Unilever, and it now includes more than 15 large food and beverage manufacturers.
The M0.0NSHOT is said to be made from materials with no carbon impacts and the company has released a toolkit to inform the footwear industry.
With an ever-growing population and increased consumption, the amount of plastic waste generated worldwide has skyrocketed, leading to severe environmental problems such as pollution and habitat destruction.
Rainforests are carbon sinks, absorbing 7.6 billion metric tons of CO2 annually. Rainforest nations need an estimated $100 billion to ensure the survival of their lands. The carbon markets will raise some of that money. But the trading system must be accredited. COP27 in Egypt enshrined Sovereign REDD+ credits into the Paris agreement, making it easier for countries to attract private financing.
The company’s new sustainability plan, called “People and Planet Positive,” outlines a number of initiatives to reduce the environmental impact of IKEA’s operations, including a focus on more plant-based food options in its restaurants.
Triple Bottom Line provides a framework for companies to evaluate their impact beyond just financial success and focus on long-term economic, social, and environmental sustainability.