IKEA and Ellen MacArthur Foundation announce strategic partnership

The partnership between Inter IKEA Group and the Foundation will focus on putting the home furnishing business on the global circular map and accelerating the transition to a circular economy within IKEA and beyond.  Working together, one of the first projects will be to develop a common glossary of terms to support an industry-wide transition.  Lena Pripp-Kovac, chief sustainability officer, Inter IKEA Group, said: “To become circular is one of our big ambitions and challenges for the future. It is a transformational shift of our entire business from how we develop our products and services, and source materials, to how we work through the supply chain and meet our customers.

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Is General Mills the only one putting its money where its mouth is on sustainability?

General Mills has been the subject of some bad press recently, particularly after a study concluded that 21 of its products, including Cheerios and Nature Valley cereals, contain glyphosate residue, the main ingredient in the much-vilified RoundUp pesticide. The chemical’s manufacturer, Bayer, has been battling a series of lawsuits brought by plaintiffs claiming that exposure to glyphosate caused them to develop cancer and that then-manufacturer Monsanto knew of the risk and failed to provide appropriate warnings.

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WTO Committee on Trade and Environment Continues Efforts on Plastics Pollution, Circular Economy

The Committee on Trade and Environment (CTE) of the World Trade Organization (WTO) met on 3 July 2020 to discuss how trade policy can address plastics pollution and a circular economy and to review the resumption of work on other initiatives disrupted by COVID-19.  The meeting, chaired by Ambassador Chad Blackman (Barbados), served to continue conversations previously introduced by members at the WTO, including a discussion on addressing plastics pollution in November 2019 and an informal consultation on the subject held in February 2020, co-hosted by China and Fiji.

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Sustainability-linked loans: banking on a sustainable food system | FT Food Revolution

In 2020, Swedish oat milk brand Oatly became the world’s first plant-based company to enter into a sustainability-linked loan agreement (SLL). Today, an SLL – that incentivises sustainability performance by having flexible interest rates linked to sustainability outcomes – is more popular than a green loan and is fast becoming an essential ingredient of a post-pandemic food system.

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