Corporate Responsibility and Sustainability

PepsiCo Introduces 100% Plant-Based, Renewably Sourced Bottle

PepsiCo has announced that it has developed the world’s first polyethylene terephthalate (PET) plastic bottle manufactured entirely from plant based, completely renewable resources. The “green” bottle is 100% recyclable and is made from bio-based materials such as switch grass, pine bark and corn husks. The company purports to move directly to full-scale commercialisation pending successful completion of its pilot production in 2012.
PepsiCo’s media release (15 March 2011)
(Source: PepsiCo)

Coal Producer Violates Environmental Laws

The US Department of Justice (DoJ) has announced that Consol Energy Inc has agreed to pay US$5.5 million in fines for environmental violations at six of its mines and will spend an additional US$200 million on an advanced wastewater treatment plant to reduce the discharge of harmful mining wastewater from its Appalachian mining operations. 
DoJ’s media release (14 March 2011)
(Source: DoJ)

Honeywell Fined for Illegal Storage of Hazardous Waste

The US Department of Justice (DoJ) has announced that Honeywell International Inc (Honeywell) has admitted to illegal storage of hazardous waste in breach of the Resource Conservation and Recovery Act (RCRA) and has been ordered to pay US$11.8 million in criminal fines. In April 2009 the Illinois Environmental Protection Agency found almost 7,500 illegally stored drums containing waste that was both radioactive and hazardous, and Honeywell only began complying with its RCRA permit requirements in March 2010. In addition to the fine, Honeywell is required to serve a five-year probation term and implement a community service project.
DoJ’s media release (11 March 2011)
(Source: DoJ)

Bank’s CSR Report Sets Example
Europe, Middle East and Africa

Arab Times reports that the National Bank of Kuwait’s (NBK) corporate social responsibility (CSR) contributions exceeded KD105 million between 1992 and 2010, according to its annual CSR report. The bank reportedly hired more than 700 young nationals over the last two years, “raising the percentage of nationals employed in the bank to over 60%; one of the highest ratios among local banks”, and anticipates employing a further 300 in 2011. NBK launched the NBK Leukaemia Treatment Program to treat children suffering from blood disorders and will bear the US$3 million annual cost of the program, reports Arab Times. Reportedly, NBK’s initiatives also encompass education, social support, sports and environment.
Arab Times: NBK Social Contributions Exceed KD 105 mln (11 March 2011)
(Source: Arab Times)

McDonald’s Announces Sustainability Commitments

McDonald’s has announced its sustainability goals as part of its Sustainable Land Management Commitment and will focus on areas of beef, poultry, coffee, palm oil and wood fiber in 2011. The fast food giant has committed to using only certified palm oil by 2015 and will refrain from sourcing raw material from the Amazon Biome as part of its commitment to protecting rainforests, amongst other things.
Further information from McDonald’s
McDonald’s media release (9 March 2011)
(Source: McDonald’s)