Nestlé invests £1.5bn to drive recycled plastic innovation

Long-term thinking and responsible actions have always characterized the culture of the Schaeffler Group as a family business. To us, sustainability means enabling a future worth living by fostering the growth of the Schaeffler Group with a long-term view and continuity for the benefit of all stakeholders. Led by our company values sustainable, innovative, excellent, and passionate the company provides the basis for long-term, profitable growth.  The new Roadmap 2025 defines three strategic priorities – innovation, agility, and efficiency. The subprogram “Sustainability & Engagement” anchors sustainability in the corporate strategy Roadmap 2025. The sustainability committee defined seven concrete sustainability targets.

The carbon-intensive production of plastics is on pace to emit more greenhouse gases than coal-fired power plants within this decade, undercutting global efforts to tackle climate change, a report released on Thursday said. The report by Bennington College and Beyond Plastics projected that the plastic industry releases at least 232 million tons of greenhouse gases each year throughout its lifecycle from the drilling for oil and gas to fuel its facilities to incineration of plastic waste. That is the equivalent of 116 coal-fired power plants.  “The scale of the plastics industry’s greenhouse gas emissions is staggering, but it’s equally concerning that few people in government or in the business community are even talking about it,” said Judith Enck, a former Environmental Protection Agency regional administrator and president of Beyond Plastics. Also, the report found that petrochemical facilities tend to be clustered in just 18 largely low-income and minority communities, where 90% of the pollution occurs.