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Coca-Cola Honored For Corporate Transparency

Coca-Cola was recently awarded the top honor for overall corporate transparency in the first edition of the U.S. Transparency Awards that recognize publicly traded companies for the effectiveness of corporate disclosures. such as annual proxy statements, form 10-Ks, and investor relations websites of companies on the S&P 250. "It’s a huge honor to be recognized for the transparency of our disclosure, said Tim Leveridge, investor relations officer at Coca-Cola. BlackRock Inc. came in second, while Southern Company was recognized for the best proxy statement award, AIG for best form 10-K, and Altria Group for the best investor relations website.

"Coca-Cola Wins U.S. Corporate Transparency Award", Coca-Cola , October 22, 2019

Coca-Cola’s 3rd Q Revenue Up 8.3 Percent Over A Year Ago, Driven By Coke Zero Sugar

Coca-Cola’s third quarter profit of $9.51 billion largely met analyst expectations, but its reported revenues were 8.3 percent higher than in the same quarter a year ago. The revenue increase is attributed to the strong demand for sugar-free drinks like the Coke Zero Sugar line and for smaller (7.5-ounce) cans, but also for Coca-Cola Plus Coffee and core sparkling soft drink brands. Coke Zero Sugar turned in its eighth consecutive quarter of double-digit volume growth globally. The company reported three percent organic sales growth in North America and Asia Pacific, as well as four percent in the Europe, Middle East and Africa (EMEA) region. The best sales performance was in Latin America, up 14 percent on an organic basis. Healthy performance was reported in Coca-Cola Plus Coffee, launched in more than 20 markets, and in Coke Energy, available in at least 25 countries with a U.S. launch set for January. The company expects “at least five percent growth in organic revenues” for all ...  More

"Coke Zero Sugar driving Coca-Cola revenue growth of 8 percent", FoodBev Media , October 21, 2019

Italy Proposes Discounts On Food And Toiletries With Plastic-Free Packaging

As part of its efforts to become a sustainable leader, Italy is reviewing proposals that would offer discounts on food and toiletry products that do not have plastic packaging. Some commentators talk of a 20% discount on goods that are plastic-free, which would likely have a significant impact on consumer spending patterns and force suppliers to make changes. The proposals are part of a broader range of measures that include offering public transport season tickets to people who stop using their cars, mopeds or scooters, investment in electric and hybrid school buses and an urban reforestation plan.

"Italy proposes price cuts on plastic-free food and toiletries", Independent.co.uk, October 11, 2019

University Of Surrey Report Questions Companies’ Commitment to Plastic Reduction

A new report from researchers at the University of Surrey, UK, looks at the commitments food and beverage companies have been making on reducing single-use plastic. It covers 12 companies that represent some of the most well-known brands in the UK, including manufacturers and supermarket chains. Each claims to be a pioneering force for plastic reduction, but the authors, from the University’s School of Law, say the impact of these efforts remains unclear. One of authors said that they deflect attention from their contribution to the problem by using “optimistic language” that obscures the fact that companies have only scratched the surface of the challenge, and that their initiatives have been motivated by new legislation. The report also argues that strategies to tackle the problem of plastic require “transparent and meaningful evidence-based measurement”, and that’s missing at the moment.

"Are global food packaging brands committed to ditching single-use plastic?", RECycling Of Used Plastics Ltd , October 09, 2019

Napolina In The UK Is Switching To Cardboard Packaging For Some Dried Pasta SKUs

Italian food band Napolina is to switching from plastic to 100% recyclable cardboard packaging for some items it sells in the UK, removing 17.5 million tonnes of plastic. It will start rolling out the new packaging on some dried pasta products from the end of October. The “fully coated folding boxboard” from Tambrite was developed in tandem with Ferrara, its pasta supplier, and adds 15% to costs. In 2018, Napolina introduced 51% rPET bottles for its olive oils. 

"Napolina to replace plastic pasta packs with cardboard alternative", The Grocer UK, September 27, 2019

PureCycle Technologies Is Recycling Polypropylene At Scale

Only 3% of polypropylene is recycled in the US, but that might soon change. It’s currently difficult to recycle, and its use as recycled content is limited, but John Layman, a Procter & gamble chemist, has been working on a way to purify it at a molecular level. The result, he claims, is clear and nontoxic pellets, with no odor, which can be turned into bottles that use a fraction of the energy needed for virgin polypropylene. P&G has licensed the technology via a startup called PureCycle Technologies, which ran the process at commercial scale in July this year. The company has signed deals with a number of manufacturers, including Nestlé and L’Oréal, as well as P&G, and has presold over 20 years of output from the capacity of its first plant. It aims to rollout the technology elsewhere in the US, and also Europe. The plant has been able to successfully recycle polypropylene used in almost every application, with the focus currently on recycling the polypropylene from old carpets.

"There’s Finally a Way to Recycle the Plastic in Shampoo and Yogurt Packaging ", MSN, September 26, 2019

PepsiCo Outlines Progress On Plastics In Its 2018 Sustainability Report

The 2018 Sustainability Report from PepsiCo highlights progress on its sustainability goals, including updates on plastic waste reduction. PepsiCo announced a new target for virgin plastic: “to reduce 35% of virgin plastic content across its beverage portfolio by 2025”. It also aims to use 25% recycled content in plastic packaging in the same timeframe, and 50% in plastic bottles within the European Union by 2030. From 2020, LIFEWTR® will be sold in 100% recycled plastic bottles in the U.S., and bubly™ will be sold in aluminum. PepsiCo also aims to avoid the use of 67 million single-use plastic bottles by 2025 through its "Beyond the Bottle" initiative, and especially the SodaStream® business.

"PepsiCo Releases 2018 Sustainability Report Highlighting Progress and A Renewed Focus To Help Build A More Sustainable Food System", PepsiCo , September 24, 2019

Website-Based Baking Business Is Driven To Deliver Big Warm Cookies – Quickly

California-based Crave Cookie is a chocolate chip cookie bake-and-deliver business built on a simple concept: providing fresh-baked treats “that people couldn’t make themselves.” Shandi Scrivner, who started the business with her husband and brother, offers giant chocolate chip cookies – wide and at least two inches tall delivered warm from the oven. The website-based business – a storefront location is in development – will delivery a box of four warm cookies to five zip codes in the Clovis area with the help of seven part-time employees, including four drivers and three bakers. A box of four – they’re equivalent to four traditional-sized cookies – costs $12, plus a $2 delivery fee.

"This Clovis business delivers cookies to your door - but they aren't ordinary cookies", Fresno Bee (California), August 08, 2019

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