Carbon Neutral Goal Setting By Multinational Brands

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Carbon Neutral Goal Setting By Multinational Brands

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 Carbon Neutral Goal Setting By Multinational Brands

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Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to consumer demand for sustainable goods and service.

The following list details the intention of some of the world biggest brands and their attempts to reduce the impact they have on the environment.

Starbucks

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Starbucks Corp (NASDAQ:SBUZ), the most famous coffee chain in the world has announced it is transforming the way it grows and transports its coffee beans. The Company aims for all of its business operations before its coffee beans are roasted, to be carbon neutral by 2030.

Starbucks is a favourite with ESG (Environmental, Social, and Governance) funds due to its commitment to reduce its impact on the environment.

On 17 March, Starbucks shares last traded at US$110.46, decreasing by 0.79%.

Colgate-Palmolive

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Colgate-Palmolive Co (NYSE:CL), the world leader household and personal cleaning product company, has made small steps to reduce the impact its products have on the environment.

The Company’s leading dishwashing brand, Palmolive Ultra, has recently been revamped to consider the environmental impact the product has on the environment. From 18 March, Palmolive Ultra will be packaged in a 100% recycled plastic bottle, while the liquids new formula is 100% biodegradable.

The revamped dish soap is part of Colgate-Palmolive’s larger plan to reduce its environmental impact. The Company’s plan centres on adopting a target of using at least 25% recycled plastic across its vast product range.

On 17 March, Colgate-Palmolive shares last traded at US$75.80, decreasing by 0.079%.

Adidas

The German sporting goods company Adidas AG (ETR:ADS) has several ambitious sustainability targets.

The Company is committed to reducing its carbon emissions by 30% by 2030 and becoming carbon neutral by 2050.

Adidas will first drastically cut its use of virgin plastics on its path to carbon neutrality. The Company has set the goal of producing its sports gear and sportswear with only recycled polyester by 2024. Adidas eventually plan on creating products from biodegradable materials.  

On 17 March, Adidas shares ended the trading session at EU€285.00, decreasing by 087%.

READ MORE: Maersk to Introduce Carbon Neutral Liner by 2023

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