Thanks to ACMA industry action, yesterday, four senators sent this letter to leadership, which largely echoes ACMA’s letter to House and Senate leaders late last month. Our efforts are being rewarded, but we need more work on our industry’s part to get our two key asks – no retroactivity and an orderly phase-in effective date over the goal line. Here’s what’s going on: Our “no retroactivity” request is what’s gaining the most traction right now, because big box retailers, who carry much greater clout on Capitol Hill than we do, contend that we are only seeking an “endless delay” of collection responsibility. So, if we’re to get our second major ask for an orderly phase-in effective date of April 1, 2019 or later, you need encourage more Members of Congress to weigh in with support of our asks. Speaker Ryan’s office tells us they’ve still not heard enough requests from Members of Congress to consider an orderly phase in period. So if you have not already, please review the directions from our recent alert; only this time you need not limit your outreach to House and Senate Republicans; reach out to Democrats too and have them contact their party's leadership.
Stora Enso has been awarded ‘Industry Leader 2018’ in the Sustainable Brand Index™ B2B, which is the largest brand study on sustainability in the Nordics. The study covers over one hundred business-to-business brands across more than 10 industries in Sweden. Stora Enso is considered the most sustainable B2B brand of the industry, according to decision-makers in Sweden. The Sustainable Brand Index™ B2B study analyses how Swedish decision-makers view sustainability and how Sweden’s largest B2B brands are perceived from the perspective of sustainability. Stora Enso finished second in total among all the surveyed B2B companies. Click read more below for additional detail.
The shareholders of Bergvik Skog AB have signed a binding agreement regarding the previously announced intent to restructure its ownership. With this agreement, the parties aim to complete the transaction during the first half of 2019. Stora Enso’s forest holdings in Sweden will increase to 1.4 million hectares, of which 1.15 million hectares is productive forest land. The total value of the transaction in Stora Enso’s balance sheet is estimated to be approximately EUR 1.0 billion. “I am pleased that we have taken a step forward in this ownership restructuring along with the other shareholders in Bergvik Skog. This transaction is a natural next step for us, as we strongly believe in the bioeconomy and want to secure our competitive raw material supply for the long term. With direct ownership, we will have better visibility of our wood supply in Sweden. This will give us better opportunities to further develop sustainable forest management, thus strengthening our competitiveness,” says Karl-Henrik Sundström, CEO of Stora Enso. Click read more below for additional detail.
Cardboard boxes — corrugated packaging, in industry speak — are the most widely-recycled packaging material in the nation. In 2017, nearly 90 percent of cardboard boxes used in the U.S. were recovered for recycling. Most cardboard boxes are used for shipments of consumer products to retailers. Many of these large stores – think Walmart, Target, supermarket chains and shopping malls – have machines onsite to turn the unpacked cardboard boxes into neat bales of broken down, flat cardboard that are then sold to paper recyclers. It’s an efficient process that delivers optimum quality material to make new cardboard boxes. The rise of e-commerce has many people turning to the internet for their shopping, leading to a lot of cardboard boxes being delivered directly to consumers’ homes instead of retailers. The recovery rate of cardboard boxes from households varies, but tends to be lower than the rate from retail stores. Click read more below for additional detail.
The latest sustainability study from Asia Pulp and Paper found a growing number of Canadians are willing to pay more for food if it helps the environment. The annual survey found over half of consumers (56%) said they would be willing to pay an increased price for fast food products packaged in sustainable materials, with 37% saying they would be open to paying up to 10% more. Nearly half (48%) of Canadians surveyed considered a company’s sustainability values as important when selecting a fast food restaurant. And, when it comes to fast food packaging, 59% of consumers rated sustainability an important factor, roughly on par with compostable/biodegradable (62%) and size (58%). The Study also found that a growing number of Canadians (71%) are placing higher importance on sustainable food packaging than they did five years ago. Click read more below for additional detail.
BillerudKorsnäs has entered into a binding agreement with all shareholders of Bergvik Skog AB concerning a split of Bergvik Skog AB’s forest assets, including BillerudKorsnäs’ acquisition of Bergvik Skog Öst AB. The acquisition contributes to securing BillerudKorsnäs’ future wood supply through direct deliveries and more efficient logistics flows and by making the company a strong player on the Swedish wood market. BillerudKorsnäs announced on 27 November 2017 that it had signed a letter of intent to acquire Bergvik Skog Öst AB, which comprises approximately 350,000 hectares of forest land in Sweden. Since the signing of the letter of intent, the company has carried out due diligence of Bergvik Skog Öst AB and negotiated the final terms of the acquisition agreement. Click read more below for additional detail.
National Average Price for Regular Unleaded – Current: $2.493; Month Ago: $2.801; Year Ago: $2.490. National Average Price for Diesel – Current: $3.172; Month Ago: $3.282; Year Ago: $2.840. http://gasprices.aaa.com/
American Dollar to Canadian Dollar = 0.751797; American Dollar to Chinese Yuan = 0.143971; American Dollar to Euro = 1.136647; American Dollar to Japanese Yen = 0.008808; American Dollar to Mexican Peso = 0.049251. http://www.x-rates.com/table/?from=USD&amount=1.00
Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next week, while U.S. crude was weaker due to swelling inventories. "Near-term oversupply has gutted Brent prices," U.S.investment bank Jefferies said in a note on Friday, adding that there was "an increasing urgency to move crude into storage". ANZ bank said on Friday that oil prices were rebounding "as signs that OPEC+ was moving closer to an agreement around further production cuts." The producer group plus non-OPEC member Russia will gather on Dec. 6 and 7 in Vienna to discuss output policy. Click read more below for additional detail.
When you’re wrapped up in the excitement of Christmas, keeping sustainability in mind can be difficult. That’s why we’ve put together these handy guidelines to illustrate just how simple it can be to have a green Christmas! https://www.dssmith.com/recycling/insights/blogs/2018/11/christmas-recycling