Nestlé selected 10 startups from the Regeneracion by All campaign. Meanwhile, Grupo Modelo aims for 100% of its beer bottles to be returnable or primarily made from recycled materials by 2025.
Ready for more? Here is your weekly ESG roundup!
Nestlé, in alliance with The Yield Lab LATAM, announced the 10 winning startups selected in Regeneración by All, an initiative that aims at finding innovative and sustainability focused projects managed by local entrepreneurs within the agri-food sector. Selected startups will contribute to the reduction of GHG emissions, promote packaging circularity and efficient water management in agriculture. Moreover, they will receive financial support to conduct a pilot test in the Mexican market and will have the opportunity to establish a long-term relationship with Nestlé.
Grupo Modelo aims for 100% of its beer bottles to be returnable or primarily made from recycled materials by 2025. The “Every Bottle Counts” initiative’s main goal is to recover all the bottles lost in the value chain. Consumers can participate in this campaign by committing to return the bottles at different collection points. Moreover, through the “Modelo Recyclers” entrepreneurship program, the company seeks to contribute to productive development and enhance the community’s living conditions. To date, the campaign has recovered 478 million bottles, preventing the release of 110,177t of CO2.
According to an analysis by Kroll, a risk and financial advisory services provider, companies with higher ESG ratings tend to perform better in terms of investment returns compared to companies with lower ratings. In the global context, ESG leaders secured an average annual return of 12.9%, whereas laggards earned an average return of 8.6%. In Mexico ESG criteria is becoming increasingly important. This is mainly observed with subsidiaries of large multinational corporations established in national territory, which must consider ESG issues to comply with regulations established in their home countries.
L'Oréal, has followed a sustainable roadmap for over 10 years, which has successfully reduced carbon emissions and extended aid to vulnerable populations. Towards 2030, the company aims to advance its initiatives in alignment with three main pillars: environment, stakeholders and social responsibility. Currently 65% of the company’s facilities are carbon-neutral, following an investment of over US$101.4 million in different programs to become a more sustainable global company.