Nestlé has announced its goal to make 100 percent of its packaging recyclable or reusable by 2025, with the hope that none of its packaging, including plastics, ends up in landfill or as litter.
Single-use items or disposable items are products and packaging that we throw out after only one use. These items are used for only minutes but their impact on our environment can last thousands of years. Even when these items are recyclable, we use up energy and our environment’s natural resources to produce these easily-avoidable items. Avoid first – What’s better than reusing or recycling an item? Avoiding it in the first place. Ask yourself, do you really need it? And if the answer is no, then avoid it.
A new research hub led by the University of Exeter will spearhead national efforts to create a sustainable, circular economy where fewer resources are used and more waste materials reused – delivering huge benefits to the environment and UK economy. The National Interdisciplinary Circular Economy Hub is supported with £3.5 million from UK Research and Innovation (UKRI). It will work with the five circular economy centres that were recently announced to explore how reusing waste materials in a wide range of industries, including textiles, construction, chemical and metals, could boost the UK economy as well as deliver massive environmental benefits. The circular economy hub will provide national leadership to facilitate the exchange of knowledge across the five centres and with the UK’s wider research and innovation landscape.
The Treasury will issue its first sovereign green bond “in the second half of this year,” as announced by Pablo de Ramón-Laca, Director General of the Treasury and Financial Policy. He revealed this in his opening speech at the Ofiso 2021 Annual Meeting on Sustainable Finance, which was recently held in virtual format. De Ramón-Laca explained that this first bond will form part of the Treasury’s Green Bond Issuance Programme, which aims to be a “structural component of the Treasury’s financing policy.” He also announced a National Sustainable Finance Plan, on which an inter-ministerial working group chaired by the Vice-President and Minister for Ecological Transition, Teresa Ribera, is already working.
Starting from January 2021, all Prysmian Group’s new company cars in Italy will be exclusively plug-in hybrid models, full electric or LPG, reducing the C02 emissions of our fleet as part of our goal to become carbon neutral. The programme will be rolled out to all regions where the Group operates. The “green” corporate car policy is one of the actions Prysmian Group is taking to meet its 2022 sustainability goals: to cut its own CO2 emissions by 2-3%; to recycle as much as two thirds of its own waste; and to reuse 27% of its own drums. Starting in 2020 for the next three years, Prysmian will invest around €450 million to further improve the sustainability of its organization and supply chain, and to accelerate the development of advanced cable technologies as well as assets and services.
This morning, French President Emmanuel Macron and Eastman (NYSE:EMN) Board Chair and CEO Mark Costa will jointly announce Eastman’s plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated.
The investment would recycle enough plastic waste annually to fill Stade de France national football stadium 2.5 times, while also creating virgin-quality material with a significantly lower carbon footprint. Eastman is the largest investor at this year’s “Choose France” event, which is focused on attracting foreign investment to France.
This multi-phase project includes units that would prepare mixed plastic waste for processing, a methanolysis unit to depolymerize the waste, and polymer lines to create a variety of first-quality materials for specialty, packaging, and textile applications. Eastman also plans to establish an innovation center for molecular recycling that would enable France to sustain a leadership role in the circular economy.