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Coca-Cola Announces New Investments in Enhanced Recycling as Part of ‘World Without Waste’ Vision

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Coca-Cola is taking steps to be at the forefront of the enhanced recycling movement, which can potentially turn packages such as colored PET bottles that may have been excluded from certain recycling streams into brand-new PET bottles.

The Coca-Cola system recently announced two investments to speed the development and deployment of breakthrough enhanced recycling technologies that will convert recycled plastic into food-grade PET for use in the company’s beverage bottles. Unlike mechanical recycling, enhanced recycling allows recovery and reuse of PET plastic without material degradation.

“Our aspiration – as part of our World Without Waste vision – is to close the loop on our packaging by helping turn more old bottles into new ones,” explains Scott Pearson, senior director, Global R&D Engineering, The Coca-Cola Company. “And enhanced recycling is the next big step in that direction.”

The company is extending a loan to Ioniqa Technologies to support the development of its technology for PET upcycling, which uses the process of depolymerization to recycle plastics of different colors, qualities and conditions into purified building blocks which can then be made into clear, high-quality PET, bringing the vision of a circular economy one step closer to reality. Ioniqa is building its first PET plastic upcycling factory in the Netherlands.

‘Our aspiration – as part of our World Without Waste vision – is to close the loop on our packaging by helping turn more old bottles into new ones. And enhanced recycling is the next big step in that direction.’

Additionally, the Coca-Cola system’s procurement collaboration has established a framework with Loop Industries, Inc., for authorized bottlers to purchase 100% recycled Loop PET. Coca-Cola European Partners is the first bottler to enter into a multi-year supply agreement with Loop for use in its packaging across Western Europe by 2020. This framework agreement will allow the Coca-Cola system to accelerate the increased use of recycled content in its plastic bottles.

These agreements support The Coca-Cola Company’s World Without Waste vision, which focuses on the entire packaging lifecycle – from how bottles and cans are designed and made, to how they’re recycled and repurposed. The holistic, three-pillar plan (Design, Collect and Partner) includes ambitious goals to create packaging made of at least 50 percent recycled material by 2030;  to help to collect and recycle a bottle or can for every one the company sells by 2030; and to partner with industry, governments and  local communities to tackle the global issue of plastic waste. The Ioniqa and Loop agreements support the Design pillar.

“These two agreements represent exciting opportunities for a real step change in our move towards a circular economy by bringing low-quality PET waste back to virgin-quality, food-grade PET,” said Robert Long, chief innovation officer, The Coca-ColaCompany. “We are committed to ongoing investment in developing the right partnerships and initiatives to support our goal of a World without Waste.”

Long adds, “We have clear targets in place to support this goal. To achieve these will require far-reaching collaborations, partnerships, as well as innovation and investments, both to support a better collection and recycling infrastructure globally and to help develop new sustainable packaging solutions for the future.”

Mechanical recycling is the process of collecting and sorting used plastic bottles, separating clear PET from colored material, then cutting the clear material into small pieces so it can be effectively cleaned and washed. These pieces can then be melted down and blown into new bottles again.

‘These two agreements represent exciting opportunities for a real step change in our move towards a circular economy by bringing low-quality PET waste back to virgin-quality, food-grade PET.’

Enhanced recycling uses the process of depolymerization, where the PET plastic (polymer) is converted back into its original building blocks (monomers), which are easier to purify. The monomers can then be repolymerized into the plastic resin creating high-quality PET material. “Using these more efficient enhanced recycling processes we can help reduce the high losses of PET we see in mechanical recycling and because we are reforming the polymer to perform like new every time we go through the recycling process we can truly start to create a closed loop for PET recycling,” Pearson said. “Enhanced recycling is truly upcycling: materials that would have been wasted or used to make carpets or textiles can be converted to bottles, again and again.”

“Enhanced recycling is one technology needed to drive a circular economy,” Pearson said. “It’s a big next step… but it’s not the only step. We still want to minimize use of virgin plastics and continue to lightweight our packaging and use as little material as possible. All of this work ladders up to our destination to close the loop on our packaging materials.”

Earlier this year, the company joined the industrial advisory board for DEMETO, developers of the gr3n technology for enhanced recycling, a European Project financed by the European Community into the framework of the Horizon 2020.

The investments are part of Coke’s multi-faceted approach to help create a circular plastics economy. The company has also pioneered and continues to evaluate the upscaling of new bio-based solutions, including bio-based technologies such as the fully recyclable PlantBottle® packaging made from up to 30 percent plant-based materials, which launched in 2009.

Coca-Cola also has taken several steps recently in support of the Partner pillar of its World Without Waste plan. The company recently announced an investment in Circulate Capital, a venture loan fund established to address ocean plastics in South Asia and Southeast Asia,  including the $15 million contribution from The Coca-Cola Company.  Circulate Capital aims to incubate and finance companies and infrastructure that prevent ocean plastic.

The company also signed the New Plastics Economy Global Commitment to eradicate plastic waste and pollution at the source, led by the Ellen MacArthur Foundation in collaboration with UN Environment. The commitment, unveiled on Oct. 29 at the Our Ocean Conference in Bali, has been signed by more than 250 organizations. It calls on participants to eliminate problematic or unnecessary plastic packaging and move from single-use to reuse packaging models; innovate to ensure 100% of plastic packaging can be easily and safely reused, recycled, or composted by 2025; and reduce plastic produced by significantly increasing the amounts of plastics reused or recycled and made into new packaging or products.

Read more about Coke’s progress toward its World Without Waste vision.

Source Coca-Cola Global

NGOs - SDGs

Sahara Group Leverages Transformative Innovation For Sustainable Performance

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Sahara Group Team (Source: Sahara Group)

Sahara Group, an Energy Conglomerate has released its 2019 Sustainability Report which reflects its commitment to achieving its corporate goals and creating shared value for stakeholders through economic development, protection of the environment and building a sustainable society.

Tagged ‘Transformative Innovation’, the report highlights how Sahara continues to leverage innovation and technology in achieving its corporate goals and sustainability ambitions across its businesses in Africa, Asia, Europe, and the Middle East.

Director, Governance and Sustainability, Sahara Group, Pearl Uzokwe, said the Group had continued to foster partnerships and initiatives that have co-created a desirable future through innovation.

Uzokwe said: “We have aligned our business operations within our entities with the demands and expectations of our changing world – digitization – which in turn increases our competitive advantage for sustainable growth. Beyond measuring our performance in numbers and outcome, we have raised our lever of sustainability excellence by committing to more strategic partnerships and setting targets to achieve sustainable development from the micro to global scale.”

She said Sahara had aligned its operations and processes in furtherance of the urgent global transition to cleaner energy and low-carbon solutions. *Sahara entered an MoU with the United Nations Development Programme in 2019 to provide access to affordable and sustainable energy in sub-Saharan Africa. This is in line with UN Sustainable Development Goal 7. During the year, we were pivotal to the success of the United Nations Private Sector Advisory Group (PSAG) and joined hands with other stakeholders in  advancing the mission of the African Influencers for Development (AI4Dev), World Economic Forum’s Partnering Against Corruption Initiative (PACI) and other institutions in providing a better quality of life to the world.”

According to Uzokwe, Sahara launched its Green Life Initiative in 2019 in line with its commitment to fostering sustainable environments via the protection of the environment, promotion of a circular economy and recycling of waste within and outside our business. “Among other activities, we established a Recycling Exchange Hub in the Ijora Oloye community and executed upcycling vocational training for the conversion of tyres to usable products. In delivering more environmentally friendly fuels, we committed to complying with the African Refiners & Distributors Association (ARA) standards – the only pan-African organization for the African downstream oil sector – in 2019, as we expanded our investment in the supply of cleaner energy in the form of gas, particularly LPG’” she added.

Sahara is a foremost provider of Liquefied Petroleum Gas (LPG) in Africa through West Africa Gas Limited, a joint venture with the Nigerian National Petroleum Corporation (NNPC). WAGL operates two 38,000 cbm LPG vessels, MT Africa Gas and Sahara Gas that are driving LPG access, security, and stability in Africa. Both vessels have supplied approximately 500,000 MT of LPG across regional markets since their acquisition in 2017. Sahara Group’s 2019 Sustainability Report reflects our economic, social, and environmental activities from January 1 to December 31, 2019. The report is our fifth sustainability report, and our fourth report written in line with the GRI standard. The 2019 Sustainability Report has been organized and presented in accordance with the Sustainability Reporting Standards of the Global Reporting Initiative (GRI). The guidelines seek to achieve consistency amongst corporations reporting on their sustainability activities.

Please click here to access the sustainability report.

Sahara Group

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Wildu du Plessis: Commitment to sustainability opening doors to post-pandemic capital in Africa

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Wildu du Plessis, Head of Africa, Baker McKenzie (Image source: Baker McKenzie)

The industrials, manufacturing and transport (IMT) sector is being hit hard by COVID-19 disruption, but commitment to sustainability could very well lead the sector to recovery. This is according to Baker McKenzie’s report “Sustainable Success: Exploring environmental, social and governance priorities for industrials through COVID-19 and beyond” which revealed that industrialshave taken great leaps forward in relation to environmental, social and governance matters (ESG) in the past decade.  The report outlines how CEOs in the sector have signed up to a new holistic definition of company purpose and most public companies now report on ESG goals. Access to funding is also becoming intricately linked to a commitment to ESG principles, with industrials looking at sustainability initiatives as a way to source capital for projects in Africa.

According to the report, the economic challenges and the huge changes that have turned the world upside down in 2020 cannot be ignored, but the fundamental imperative to embed and prioritise ESG remains — and is arguably more important than ever as the fragility of the world’s current systems and norms is revealed.

The report found that sustainability can be used as a lever of recovery and competitive advantage, where companies proactively consider ESG issues as part of their COVID-19 response and decision-making. Connecting sustainability and business models more closely offers industrials the opportunity to reimagine supply chains, production and revenue streams — the basis for long-term reinvention and success. As such, sustainability is set to be a powerful guiding principle of COVID-19 recovery and a source of advantage for IMT companies. In the fight for post-pandemic capital in Africa, embracing sustainability provides a valuable edge for African industrials. Funding in some areas is already contingent on meeting certain global ESG standards and other investors have followed this lead — requiring documented, planned policies and processes in relation to ESG before investing

Access to capital will be critical to corporate recovery and in ensuring that key industrial and infrastructure projects in Africa can continue. Africa’s leaders have been assessing how best to mobilise capital from local savings pools, shore up development finance from various development finance institutions like the International Finance Corporation, the International Monetary Fund, and the World Bank, and direct capital raised via green bonds towards qualifying projects. 

The market for green and sustainable bonds is set to expand further in the coming years and industrials in Africa are likely beneficiaries of the capital raised. The African Development Bank (AfDB) Green Bond programme, for example, facilitates the bank’s green growth policy by providing capital for eligible climate change projects. Investors are able to finance climate change initiatives via green bonds, which is then allocated to eligible projects.

Green bonds are gaining in popularity across Africa and the larger economies of sub-Saharan Africa have all embraced this.  In 2019, Kenya set up the legal framework and rules for the launch of its first green bond on the Nairobi Securities Exchange,  with the aim of raising capital for green transport, water and energy infrastructure projects in the country. The country announced in 2020 that it planned to issue its first diaspora bond for green infrastructure projects this year, so that Kenyans living abroad could be given the opportunity to participate in the country’s post pandemic recovery via investments in sustainable projects.

Nigeria was the first African country to issue a Sovereign Green Bonds in 2017 and launched its the Green Bond Market Development Programme a year later. The Nigerian Stock Exchange (NSE) Green Bond Market is a platform for green bonds in the country and four bonds are listed on the platform. Late last year, the NSE signed a Memorandum of Understanding with the Luxembourg Stock Exchange to promote cross-listing and trading of green bonds in Nigeria and Luxembourg, with Access Bank’s Green Bond the first to be listed on both exchanges.

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In South Africa, in an effort to drive investment and make it easier to list and trade sustainability-linked instruments, the Johannesburg Stock Exchange (JSE) launched a sustainability segment for green bonds in June this year. In July 2020, the African Development Bank invested ZAR 2 billion in Africa’s first Sustainable Development Goals-linked bonds (SDG bonds), which were issued by Nedbank and listed on the newly launched green bonds segment of JSE. This bond issuance is expected to create jobs, promote SMEs run by members of under-represented groups in the country, and act as a catalyst for green projects.

Post pandemic, IMT initiatives in Africa are expected to have a heightened focus on improving Africa’s capacity for green, low-carbon and sustainable development, via, for example, clean energy, community healthcare, green transport, sustainable water, wildlife protection and low-carbon development projects. Wildu du Plessis believes a commitment to ESG principles is clearly taking centre stage in the quest for post pandemic funding, with access to capital for large industrial projects now likely to contain sustainability requirements.

Article by: Wildu du Plessis, Head of Africa, Baker McKenzie

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Closing The Gender Gap: An Interview with Dream Girl Global (DGG) Founder, Precious Oladokun

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Dream Girl Global Founder, Precious Oladokun (Image source: Dream Girl Global)

The elimination of gender inequality and achievement of the United Nations SDG 5 on gender equality remains a pressing objective as the global community barrels towards 2030. In this interview, Alaba Ayinuola of Business Africa Online spoke with the Founder of Dream Girl Global (DGG), Precious Oladokun about DGG’s work, gender inequality, and Covid-19. Excerpts.

Alaba: Could you briefly tell us about Dream Girl Global and the gap its filing?

Precious: Dream Girl Global is a non-profit organization that was set up to contribute towards the elimination of gender inequality, and empower young women as a contribution to the 5th Sustainable Development Goal. Specifically, we carry this out through mentorship projects in a bid to empower young girls, encourage them to dream bigger, and help give them excellent head starts at their careers. We are currently in operation in Nigeria and India.

Alaba: What sparked the interest and how are you funding this initiative?

Precious: I have always had a deep rooted passion for gender inequality partly as a result of my experiences as a female in Nigeria, and partly because of the experiences of many other women across the world. Many countries that are poor today have cultural norms that exacerbate favoritism towards males. Norms such as patriarchy and concern for women’s purity help explain the male skewed ratio in India and China, and low female employment in the Middle East, and North Africa. Also, issues like uneven access to education, lack of employment equality, job segregation, and lack of political representation are major reasons behind this initiative.

So far, we have not needed much funding to carry out our projects. However, when there is a need to, we are going to reach out to individuals and organizations with similar interests to help pursue this cause.

Alaba: How does your organization measure its impact?

Precious: Basically, we measure our impact by setting short terms goals, and once a goal is achieved, we mark it out. This gives a clear picture of our activities and generally helps to measure our impact.

Alaba: Kindly share some of your challenges and successes since you launched?

Precious: One major challenge is the refusal of some people to understand the concept of gender equality, resulting in criticism of the cause. Also, the management of data and information is another challenge (yet in a good way). I would rather prefer to refer it as a learning process.

So far, I have been thrilled by the successes that we have recorded. We have been able to reach out to a large number of people through our social media platforms such as LinkedIn, Instagram and Facebook. This has provided an opportunity for us to educate the masses on the importance of gender equality.

Also, we successfully mentored twenty (20) girls in Nigeria and India during our Pilot Mentorship Project that ended a month ago. In Sub-Saharan Africa, only 8% of girls finish secondary school. Imagine what could be achieved if we could start to close this gap and educate more girls.

Alaba: What do you think are the key challenges regarding gender-related issues, both in the workplace and in the home? How might they be overcome?

Precious: In my opinion, the major key challenge is that people do not understand, or more preferably, have chosen not to understand the plight of women. This is particularly prevalent in rural communities. In most societies, there is an inherent belief that men are simply better equipped to handle the best paying jobs. This inequality results in lower income for women, and is one reason why women hardly get recognized among the most financially prosperous persons in the world.

Another challenge is that many men enjoy the dividends of patriarchy, and would prefer to continue to enjoy those. These may be overcome with more sensitization, empowerment of women, and with taking a stand (among other things). By the latter, I mean that people should by their actions and words support gender equality, and call out misogynistic practices.

Alaba: As a social entrepreneur, how has the pandemic affected your work and the organization? How are you prepared post Covid-19?

Precious: Well, the pandemic has not really affected our work per se. Most of what we do involves communication via social media platforms. However, the outbreak of the virus has disrupted our plans to visit secondary schools, low income communities, and households. It is our intention to fully take up these after the pandemic, and we are working earnestly to see that it becomes a reality.

Alaba: What are your three-work-from home tips for founders who are managing a remote team now for the first time?

Precious: Tip no 1: Take full advantage of the internet. The internet is an avenue to explore various opportunities.

Tip no 2: For a founder who is managing a remote team for the first time, you will need to have dedicated, reliable, and self-driven members. You will need people who understand the cause, and are willing to go any length in ensuring that the goals of the organization are achieved.

Tips 3: My last tip is patience. This is a virtue ignored by so many people. Start building, and be dedicated while building. It takes a little patience and it takes a lot of faith but it’s worth the wait.

Alaba: As a young female leader, what drives you?

Precious: I am driven by the possibilities of results, and I am confident that whatever I put my mind to do, I can achieve it. To me, there is no impossibility.

Alaba: What message would you give to younger men and women?

Precious: My message to younger men and women is simple. Build things, watch them grow, and never rush. The key to everything is patience. You get the chicken by hatching the egg, not by smashing it. Another message I feel necessary is the need for younger men and women to develop and build good relationships with people. It will help one go far in life.

Alaba: How do you relax, and what is your favorite tourist destination in Africa?

Precious: I relax by watching movies, swimming, and going to nice restaurants. Regarding my favorite tourist destination in Africa, I would go with Ghana. I have been to a couple of places in Africa, but I find Ghana very interesting because of the people, the culture, and generally everything. But to be honest, there is no place like home. East or West, home is the
best- Nigeria.

Also Read Egyptian FinTech Startup NowPay Scores $2.1 million Seed Investment

P R O F I L E

Precious Oladokun is the Founder of Dream Girl Global; a non profit organization that seeks to empower young girls as a contribution to the fifth sustainable development goal and is currently in operation in Nigeria and India. She also sits on the international board of Uriji, London, a social media company that helps to record dreams for as many years imaginable and help users earn while promoting their passion. She is the youngest and first Nigerian on this Board.

Precious is currently pursuing a career in Law, and is currently a Bar Candidate at the Lagos Campus of the Nigerian Law School. Prior to this, she interned at notable law firms across the Country including Olaniwun Ajayi LP, Templars, Banwo & Ighodalo, and Aluko & Oyebode. She has also served as an external support personnel at global Law Firm, White & Case.

In her spare time, she loves to watch movies, swim, travel, learn French, and taste exquisite dishes.

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