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Stock impact report

Coca-Cola Wants to Be More Environmentally Friendly. Here’s How [Fortune]

Loop Industries, Inc. (LOOP) 
US:NASDAQ Investor Relations: loopindustries.com/en/investors/home
Company Research Source: Fortune
Earlier this month, Coca-Cola shook things up when it announced a dramatic new redesign for Diet Coke cans in addition to new Diet Coke flavors. The beverage company’s latest announcement also has to do with cans, but this time how to clean them up. For every can or bottle Coca-Cola sells worldwide, the company said on Friday that it wants to help collect and recycle the equivalent by 2030. Additionally, it wants to roll out entirely recyclable packaging and use 50% recycled material in its bottles by 2030. “The Company is building better bottles, whether through more recycled content, by developing plant-based resins, or by reducing the amount of plastic in each container,” the company said in a release. Coca-Cola is just the latest in the industry to shift towards environmentally friendly packaging. On Thursday, Danone announced a goal for all Evian bottles to be made of 100% recycled plastic by 2025. “We want to adopt a circular model where 100 percent o Show less Read more
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