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Danone SA To Invest $2.2B To Speed Up Its “Climate-Powered Business Model”

February 27, 2020: 12:00 AM EST
French food products company Danone SA said it will spend $2.2 billion to “massively accelerate” development of “a fully climate-powered business model.” The company has been working since 2009 on ways to improve its carbon profile, and recently announced it has already achieved a goal of reaching “peak” carbon emissions by 2025. But CEO Emmanuel Faber acknowledged that packaging was one area where the company was “caught off guard.” To rectify that situation in the water business, the group aims to move away from virgin PET by 2025, switching to rPET in Europe. In April, rPET water bottles will be rolled out across “most” formats in France, the full range in Germany, and all on-the-go Evian formats in the U.K. The Evian and Volvic brands will both become “climate neutral” this year, and the company will introduce metal bottles and cans for brands like Evian and Bonafont and switch to tetra for Volvic’s kids’ range. “There's clearly a need for acceleration,” Faber said, especially in end-to-end sourcing and omnichannel, to achieve climate-efficient sourcing for planetary diets and regenerative agriculture.[Image Credit: © Danone S.A.]
Katy Askew , "Danone’s €2bn climate-smart innovation investment: ‘Our brands will be stronger if climate is an ally, not an enemy’", Food Navigator, February 27, 2020, © William Reed Business Media Ltd
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