Coca-Cola earns highest marks for sustainable packaging5 Oct 2021
A new report from the non-profit As You Sow found that among the 50 consumer-facing companies whose packaging sustainability was analyzed, only Coca-Cola earned a grade of B, which was the highest mark extended to any of the companies. Below Coca-Cola, 17 companies scored a grade of C, 18 received a D and 14 were awarded an F.
“The top grade of B earned by only one company shows that all companies can, and should, be doing much more to stave off the immense predictions of ocean plastic deposition and corporate financial repercussions,” the non-profit said in its report.
As You Sow is instrumental in making sure that companies continue to push the envelope and commit to reducing the amount of waste they generate. In recent months, the non-profit filed shareholder proposals with Keurig Dr Pepper, PepsiCo and Mondelez to require them to report how much of their plastic packaging escapes into the environment. Following these filings, all three companies committed to cutting their virgin plastic use, and the requests from As You Sow were subsequently rescinded.
Plastic is a material that has come under seemingly unrelenting scrutiny in recent years due to its tendency to become waste rather than contribute to the widespread effort to curtail the amount of refuse landing in a landfill. Although it has been years that consumers have pushed companies to exchange plastic packaging in favor of recyclable or compostable options, the pressure to focus on sustainable alternatives has only increased as a result of the pandemic.
In Trivium Packaging’s 2021 Global Buying Green Report, data showed over half (54%) of respondents consider sustainable packaging when selecting a product, and almost two-thirds believe that recyclable packaging is important for the products they purchase.
Despite concerns over plastic usage, the material remains prominent in packaging. Coca-Cola estimates it produces 120 billion bottles of single-use plastic each year. Similarly, PepsiCo uses 2.3 million metric tons of plastic, according to a report from the Ellen MacArthur Foundation. However, these two companies handle their plastic consumption differently, according to As You Sow’s report.
Coke earned a score of B for its transparency around its packaging use, strong commitment to recycling and its support of producer responsibility initiatives. Meanwhile, PepsiCo eked out a D due to the insufficient nature of its current plastic use reduction pledges.
While this report clearly shows that there is a long way to go before these companies are able to deliver on their promises and produce sustainable packaging at scale, the non-profit’s report did highlight glimmers of hope. Plastic reduction goals have increased ninefold since the first time that the non-profit issued this report in 2019. Also, there has been a nearly fourfold increase in support for extended producer responsibility.
Goose Island UK launches hydroponic hops IPA
30 Sep 2021
Anheuser-Busch InBev-owned craft brewery Goose Island announced it is launching a session IPA in the U.K. called Hail Hydro. Brewed with hydroponically-grown hops, the beer is available in limited supply only on the Goose Island U.K. website.Read more
Campbell Soup bubbles into beer with limited time partnership
21 Sep 2021
Soup brand Campbell Soup brand Snyder’s of Hanover is partnering with Captain Lawrence Brewing to tap into the beer market with a brew that combines the flavors of the perennially popular bar snack pretzels with the New York brewery’s craft brews. The ...Read more
Autonomous human milk factory arrives in U.S.
20 Sep 2021
108Labs announced it will build a ‘Cellfacturing’ facility to produce the startup's cell cultured human milk. The factory will operate using a proprietary artificial intelligence platform to produce this cultivated milk at scale.Read more
Coca-Cola is world’s most valuable drink brand, but not fastest-growing
7 Sep 2021
After 129 years of making soda, Coca-Cola remains the world’s most valuable soft drink brand – reporting revenue that is 55% more than the No. 2 market leader, PepsiCo. Coca-Cola retained its ranking despite recording a 13% brand value decline to $33.2...Read more
UK’s Sleep Well milk aims to launch in Asia
3 Sep 2021
Functional milk brand Sleep Well, which uses the active ingredient valerian to promote good sleep, has made launching its products in Asia a priority. Already, the U.K.-based brand has confirmed to Beverage Daily that it will launch in convenience stor...Read more
Hard Mtn Dew to launch through a PepsiCo-Boston Beer partnership
27 Aug 2021
From a new partnership between Big Beer and Big Soda comes Hard Mtn Dew, a flavored malt beverage with 5% ABV. The alcoholic drink will be available to consumers beginning in early 2022.Read more
Evian launches enhanced sparkling water to combat energy slumps
24 Aug 2021
French water brand Evian is putting new energy into attracting consumers to its enhanced water line called evian+. The Evian product, which launched last spring, is enhanced with magnesium and zinc to help contribute to normal cognitive function and co...Read more
Australian wine exports experience double-digit decline
17 Aug 2021
Exports of Australian wine fell 10% to $2.56 billion AUD from 2020 to 2021 according to the latest Export Report by Wine Australia. Much of this decline followed tariffs China levied on Australian wine last year.Read more
Molson Coors set to discontinue 11 of its economy brands
11 Aug 2021
In its most recent quarterly earnings call, beer titan Molson Coors announced that it will discontinue 11 of its value brands, some of which have strong regional loyalty. In total 100 SKUs will no longer be available.Read more
Israel's Better Juice closes $8M funding round, plans for US debut
26 Jul 2021
Better Juice, which produces a sugar-reduction technology for juice, closed an $8 million in seed funding in a round led by iAngels Israel. The Israeli startup said it will use the funding to scale its production of sugar-reduction technology while als...Read more
Are you a supplier?
Here's what we can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation