Prada Group has signed what is billed as the first business loan in the luxury goods sector linking the annual interest rate to practices that help the environment. Prada said Tuesday that the five-year, 50 million-euro ($55-million) loan with Credit Agricole Group will see interest rates lowered based on “achievement of ambitious targets related to sustainability.”
Source: cpp-luxury.com
Unilever and Veolia have announced that they have signed a collaboration agreement to jointly work on emerging technologies that will help create a circular economy on plastics across various geographies, starting in India and Indonesia.
Tesla is working towards building a sustainable energy ecosystem by introducing energy-efficient vehicles and products to preserve the environment by lowering the carbon footprint.
Researchers have developed a new catalytic method for upcycling abundant, seemingly low-value plastics (polyethylene) into high-quality liquid products, such as motor oils, lubricants, detergents and even cosmetics.
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The On-Pack Recycling Label (OPRL) scheme has launched its sustainable development commitments ahead of #EarthOvershootDay.
PepsiCo has announced a new system that will allow consumers to reuse the beverage company’s bottles, in what Pepsi calls an effort to “help meet the growing consumer demand for more sustainable packaging.”…