Historic Single-use Plastic Ban Passes in Honolulu

At the start of the year we wrote about how Prada had taken on a major sustainability-linked loan, ensuring that the brand had to either reduce its environmental impact or else face pecuniary consequences.  We speculated that more brands were likely to follow Prada’s lead in tying the way they raise capital to sustainability objectives, something that would have a fundamental impact on the design and operation of their property portfolios.

McCormick & Company’s dedication to sustainability and emphasis on what’s right for the long-term vitality of people, communities and the planet while delivering top-tier financial results, has earned the company a top spot in a recent ranking. McCormick’s, a global flavor and spice manufacturer, was named the 13th most sustainable corporation and No. 1 in the food products industry on the 2019 Global 100 Sustainability Index released at the World Economic Forum by Corporate Knights. The company advanced 10 spots from the 2018 rankings and retained the top position among its peers in food. The company says it continues to make progress on commitments to source their ingredients sustainably, improve the resilience, and map the contributions of small farmers, especially women, and reduce the company’s environmental impact by lowering its carbon footprint and reducing solid waste. Environmental Commitments Last year, McCormick made a public commitment to 100% plastic packaging that can be reused, recycled or repurposed by 2025. The company joined The New Plastics Economy Global Commitment, led by the Ellen MacArthur Foundation. The commitment, signed by companies representing 20% of all plastic packaging produced globally, aims to create a circular economy for plastics, ultimately eliminating plastic pollution at the source. Also in 2018, the spice seller announced it will open its new global headquarters in Hunt Valley, Maryland, bringing 1,000 employees previously located across four different office buildings into one building that is designed to be LEED Gold certified.
Read the full article at: www.environmentalleader.com