McDonald's and Starbucks invested $ 15 million in packaging companies
10.21.2019 / News author: Oksana
Six sustainable packaging companies presented products to the two chains, as well as venture capital investors, at an event last month in New York, which took place alongside the meetings of the UN General Assembly, where the media Atmosphere I occupy a prominent place in the agenda.
Designed in the style of the Shark Tank television program, which involves entrepreneurs who present their products to investors, the event was part of a larger project in which McDonald's and Starbucks contributed 15 million dollars (mdd) in association with Closed Loop Partners, which seeks sustainable investments.
The amounts spent are a small fraction of the $ 5.9 billion and $ 4.5 billion earnings that McDonald’s and Starbucks reported respectively last year. The two companies said they made additional investments in ecological packaging based on their research and development budgets, but did not want to give specific sums.
The packaging has become a risk for the fast food industry, which is under the pressure of consumers and shareholders to stop the use of plastic.
Earlier this year, the European Parliament passed a law to ban a variety of disposable plastic items, including straws and drink stirrers, while France is scheduled to ban plastic coffee cups from a only used in 2020. The Californian city of Berkeley is also preparing to introduce a 25-cent tax on disposable coffee cups.
Companies that opted for new products with the growing environmental awareness of consumers have been rewarded. Bunge, one of the oldest agribusiness companies in the world, records an increase in the value of its shares in the manufacturer of hamburgers of plant origin Beyond Meat.
Venture capitals are also driving sustainable packaging. Abe Minkara, director of commercial development at Mark Cuban Companies, a collection of companies that belong to a homonymous investor, said he is interested in products that can become compost. "Solutions based on biodegradable materials are definitely going to be more scalable," Minkara said.
Kate Daily, CEO of Closed Loop Partners, said finding a solution to the problem of sustainable vessels can pay off in other areas. "We believe it is a great opportunity to take advantage of the lessons learned from this project and apply them to other sustainable opportunities for food packaging," he said.
However, fast food companies struggle to find a sustainable solution that works on a large scale. "It's about scalability," said Jessica Marshall, McDonald’s sustainability manager. The company promised to have recyclable packaging in all its points of sale in the world by 2025.
Earlier this year, 44% of Starbucks shareholders supported a motion asking the company to report their efforts to develop sustainable packaging.
Experts say that there are currently two general approaches to solving the problem of coffee glasses. The first involves using them. However, this option requires that customers be disciplined recyclers and change their habits. The alternative is to create glasses that are recyclable or can become compost. Footprint, based in the US, and Colombier of Finland produce coatings that help with this, but such products can be expensive.
"By increasing the scale, we can be competitive in prices," said Henrik Bjornberg, president of Colombier. He added that the company wants to open a plant in North America to produce vessels, as well as a second processing machine in Finland.
Three companies at the New York event presented cups that could be exchanged for reuse, while the other three developed cups that can be recycled or made into compost.
Share It FIRST:
2019-11-21 21:56:31 : Demi Moore knows the secrets of beauty 2019-11-21 21:56:31 : Cara Delevingne became a brunette and shocked everyone 2019-11-21 21:56:31 : Cameron Diaz want to replace with another actress in the film The Mask 2019-11-21 21:56:31 : Amanda Seyfried will finally complete the project 2019-11-21 21:56:31 : Whitney Houston was seen in an unconventional love 2019-11-21 21:56:31 : Snoop Dogg stole the title of sexiest man from John Legend 2019-11-21 21:56:31 : Ruby Rose was cyberbullied for her role in the worst series 2019-11-21 21:56:31 : Robin Williams lived in a paradise of the Mediterranean 2019-11-21 21:56:31 : Zendaya made teen cry 2019-11-21 21:56:31 : Tom Holland faces dangerous spies in a new animated film 2019-11-21 20:41:14 : Sylvester Stallone made love contactless 2019-11-21 20:41:14 : Michael Douglas revealed the trade secret of the new film 2019-11-21 20:41:13 : Matthew McConaughey and his intimate encounter with death 2019-11-21 20:41:13 : Mark Wahlberg unleashes a shootout 2019-11-21 20:41:13 : Margot Robbie will fight poverty 2019-11-21 20:41:13 : Liam Hemsworth was protected from Miley Cyrus by his brother's wife 2019-11-21 20:41:13 : Kristen Bell and Idina Menzel get their star on the Walk of Fame 2019-11-21 20:41:13 : Julia Roberts could change her career if she agreed to one role 2019-11-21 20:41:12 : Jimmy Carter wanted to create a homeland for the Palestinian people 2019-11-21 20:41:12 : Jim Carrey and Cameron Diaz can be together again 2019-11-21 18:20:00 : Jamie Lee Curtis is not shy about talking about drug theft 2019-11-21 18:20:00 : Irina Shayk is balding and not afraid of it 2019-11-21 18:20:00 : Idris Elba is terrifying in a new role 2019-11-21 18:19:59 : Emma Stone herself convinced Louis Vuitton to shoot a clip for this campaign 2019-11-21 18:19:59 : Christian Bale revealed the reason for his refusal to become Batman again 2019-11-21 18:19:59 : Chris Pine and crew return to Star Trek 2019-11-21 18:19:59 : Britney Spears is finally out of depression and there is evidence 2019-11-21 18:19:59 : Ben Affleck and Ana de Armas have already shown a lot of chemistry among themselves 2019-11-21 18:19:58 : Bad Bunny and Daddy Yankee are among the most popular on YouTube 2019-11-21 18:19:58 : Arnold Schwarzenegger promised protection from Donald trump 2019-11-21 17:49:23 : Bella Thorne testified that she wears under a dress 2019-11-21 17:49:23 : Anne Hathaway shared a new photo of her pregnancy 2019-11-21 17:49:23 : Alec Baldwin and Hilary Thomas are experiencing a difficult family moment 2019-11-21 17:49:23 : Adam Sandler helps reconcile Brad Pitt and Jennifer Aniston 2019-11-21 17:49:23 : Anitta is not shy to show her spectacular body 2019-11-21 17:49:22 : Will Smith reports bad news about his state of health 2019-11-21 17:49:22 : Tom Brady talked about his poor job 2019-11-21 17:49:22 : Seventeen will arrive for the first time in Mexico City 2019-11-21 17:49:22 : Rita Ora again caused a stir on the Internet 2019-11-21 17:49:22 : Pete Davidson and Kaia Gerber kiss passionately in public 2019-11-21 17:46:19 : Emilia Clarke tells how she was forced to undress 2019-11-21 17:46:18 : Coldplay presents a new clip 2019-11-21 17:46:18 : Bruno Mars announced his return 2019-11-21 17:46:18 : Logan Paul announced his decision to return to the boxing ring 2019-11-21 17:46:18 : LeBron James sets a historical record in the NBA 2019-11-21 17:46:18 : Camila Cabello explains when she began to feel something for Sean Mendes 2019-11-21 17:46:17 : Drake Bell says goodbye to English on his social networks 2019-11-21 17:46:17 : Kendall Jenner dares to pose in bed 2019-11-21 17:46:17 : Post Malone rented a famous restaurant 2019-11-21 17:46:17 : Cardi B improvises for fans 2019-11-21 17:41:35 : Matt Damon is proud of his Argentine wife 2019-11-21 17:41:35 : Madonna drinks her own urine 2019-11-21 17:41:35 : Lil Peep is releasing his new album 2019-11-21 17:41:35 : Lana Del Rey sang the Bob Dylan classics 2019-11-21 17:41:35 : Khloe Kardashian is obsessed 2019-11-21 17:41:34 : Kanye West spent Sunday service in prison 2019-11-21 17:41:34 : Imagine Dragons and Twenty One Pilots the most influential groups of the decade 2019-11-21 17:41:34 : Halsey denies the rumors of her pregnancy 2019-11-21 17:41:34 : Elvis Presley and Priscilla the story of a love that today would have been a scandal 2019-11-21 17:41:34 : Keanu Reeves will become a superhero 2019-11-21 17:36:14 : John Travolta wants to get another nomination in his career 2019-11-21 17:36:14 : Joaquin Phoenix expressed his opposition to Oscar 2019-11-21 17:36:14 : Jessica Biel revealed the secret of an ideal body 2019-11-21 17:36:14 : Millie Bobby Brown is fighting for the rights of the child 2019-11-21 17:36:14 : Mandy Moore returns to the scene 2019-11-21 17:36:14 : Katie Holmes became a street style star 2019-11-21 17:36:14 : Henry Cavill achieved an impressive physique 2019-11-21 17:36:14 : Gal Gadot and Ben Affleck join the fan movement 2019-11-21 17:36:14 : Elton John and the disease that left him on the verge of death 2019-11-21 17:36:14 : Bryce Dallas Howard and her experience as a director 2019-11-21 16:54:12 : Liam Neeson lost his wife due to a fatal inciden 2019-11-21 16:54:12 : Halle Berry injured while filming new movie 2019-11-21 16:54:11 : Dwayne Johnson again showed that he is a man with a big heart 2019-11-21 16:54:11 : Dolly Parton was betrayed by a loved one 2019-11-21 16:54:11 : Bebe Rexha responded to criticism with one gesture 2019-11-21 16:54:11 : Chris Hemsworth is no longer Thor now he is Aquaman 2019-11-21 16:54:11 : Blake Lively repeats this again and shock people 2019-11-21 16:54:10 : Jennifer Garner and Edgar Ramirez will be parents 2019-11-21 16:54:10 : Ryan Reynolds dares to announce three brands at once 2019-11-21 16:54:10 : Ivanka Trump did not participate in conspiracies 2019-11-21 03:15:01 : Kate Hudson shared secrets in raising children 2019-11-21 03:09:41 : Christian Bale explained why he did not star in the new Batman 2019-11-20 21:08:27 : Elon Musk says he pays attention to the selection of his employees 2019-11-20 21:08:27 : Gwyneth Paltrow and Kate Hudson discover another country's culture 2019-11-20 21:08:27 : Gordon Ramsay made the most unusual birthday present for his daughter 2019-11-20 21:08:27 : Emma Roberts changed in just two hours 2019-11-20 21:08:27 : Eddie Murphy will receive a career award in the nomination 2019-11-20 21:08:27 : Demi Moore revealed her beauty secrets 2019-11-20 21:08:27 : David Bowie was in New York 20 days ago 2019-11-20 21:08:27 : Danny Devito and Dwayne Johnson kiss fans at the cinema 2019-11-20 21:08:27 : Cameron Diaz asked to play Mask again 2019-11-20 21:08:27 : Artie Lange returns to work after rehabilitation 2019-11-20 20:03:57 : Amy Schumer and Lady Gaga go on tour with Oprah 2019-11-20 20:03:57 : Snoop Dogg presents its helmets for gamers for Xbox One and Xbox Scarlett 2019-11-20 20:03:57 : Ryan Gosling has adopted a new family member 2019-11-20 20:03:56 : Zendaya idol of generation Z 2019-11-20 20:03:56 : Tom Holland turns Will Smith into a dove 2019-11-20 20:03:56 : Sylvester Stallone was a great destroyer 2019-11-20 20:03:56 : Sarah Paulson influenced the important decision of the singer Rihanna 2019-11-20 20:03:56 : Michael Douglas used his fathers advice in family life 2019-11-20 20:03:56 : Mark Wahlberg joins Tom Holland in an uncharted tape 2019-11-20 20:03:56 : Margot Robbie is confident that the new film will be very funny 2019-11-20 19:02:41 : Macaulay Culkin created his collection of colorful gifts 2019-11-20 19:02:41 : Liam Hemsworth does not respond to the tricks of Miley Cyrus 2019-11-20 19:02:41 : Kristen Bell receives her star on the Hollywood Walk of Fame 2019-11-20 19:02:41 : Kodak Black could get another 60 years in prison 2019-11-20 19:02:41 : Julia Roberts was selected to shoot in a film about a black activist 2019-11-20 19:02:41 : Jimmy Carter was a controversial figure in world politics 2019-11-20 19:02:41 : Jim Carrey is in talks to continue the film The Mask 2019-11-20 19:02:40 : Jamie Lee Curtis spoke openly about her past drug problems 2019-11-20 19:02:40 : Irina Shayk and her daughter Lea already agree on outfits for a walk 2019-11-20 19:02:40 : Idris Elba will be responsible for his mistakes 2019-11-20 16:20:31 : Jennifer Aniston has reached 20 million Instagram followers 2019-11-20 16:20:31 : Demi Lovato introduced her boyfriend Austin Wilson 2019-11-20 16:20:31 : Harry Styles revealed the details of his album 2019-11-20 16:20:30 : Meghan Markle continues the war against the British tabloids 2019-11-20 16:20:30 : Donald Trump does not want to talk about health problems 2019-11-20 16:20:30 : Billie Eilish shares a terrible video on his official account 2019-11-20 16:20:30 : Miley Cyrus once again attracted media attention 2019-11-20 16:20:30 : Michael Jackson may again be responsible for child sexual abuse 2019-11-20 16:20:30 : Selena Gomez finishes her new job 2019-11-20 16:20:30 : Nicole Kidman refused to confirm that the story ended 2019-11-20 16:17:50 : Rihanna decided to leave the music for the sake of motherhood 2019-11-20 16:17:50 : Kylie Jenner sold most of her company 2019-11-20 16:17:49 : Ed Sheeran sang at Gordon Ramsay's daughters party 2019-11-20 16:17:49 : Ariana Grande canceled the concert due to health problems 2019-11-20 16:17:49 : Angelina Jolie is not deprived of the attention of men 2019-11-20 16:17:49 : Kim Kardashian revealed the secret of her happiness with Kanye West 2019-11-20 16:17:48 : BTS talked about the problems they had to face together 2019-11-20 16:17:48 : Cristiano Ronaldo will leave Juventus 2019-11-20 16:17:48 : Lady Gaga at her friend's wedding organized a dance on the table 2019-11-20 16:17:48 : Johnny Depp is alone again 2019-11-20 16:14:26 : Kelly Clarkson has prepared new surprises for her fans 2019-11-20 16:14:26 : Katie Holmes made headlines again 2019-11-20 16:14:26 : Kate Hudson is guilty of suicide attempt by Owen Wilson 2019-11-20 16:14:26 : Kaley Cuoco uploaded a nice new post on Instagram 2019-11-20 16:14:26 : Jessica Simpson and her family were affected by the infection 2019-11-20 16:14:26 : Jay Z has a renowned composer in the family 2019-11-20 16:14:26 : Jane Fonda has her own style during the protests 2019-11-20 16:14:26 : Hugh Jackman accidentally shows the cover of a famous magazine with an interesting image 2019-11-20 16:14:26 : Henry Cavill opens the door on his return as Superman 2019-11-20 16:14:26 : Gwen Stefani remembered what it was like 15 years ago 2019-11-20 16:11:35 : Leonardo DiCaprio made a movie that will make everyone cry 2019-11-20 16:11:35 : Katy Perry shows her relationship with Orlando Bloom on social media 2019-11-20 16:11:35 : Shakira threw herself into the arms of Gerard Piqué 2019-11-20 16:11:34 : Beyonce has been betting on her daughter's future for a long time 2019-11-20 16:11:34 : Queen and YouTube Music have challenged Freddie Mercury fans 2019-11-20 16:11:34 : Taylor Swift wins the battle and can sing his old songs at AMAS 2019-11-20 16:11:34 : Brad Pitt almost abandoned the movie which made him a star 2019-11-20 16:11:33 : Scarlett Johansson in a bikini and without photoshop looks great 2019-11-20 16:11:33 : Kate Middleton at an important time was left without a personal secretary 2019-11-20 16:11:33 : Dua Lipa surprises Instagram users with their photos