H&M is the latest retailer to replace its plastic packaging with paper, joining an increasing number of brands that are adapting their packaging materials to reduce the amount of waste plastic that ends up being thrown away rather than recycled. The international fashion brand has introduced paper packaging to its e-commerce channels that serve millions of customers. Starting with the UK, the Netherlands, Sweden, China, Russia and Australia, H&M, the paper packaging will be rolled out to more countries in the coming year, helping the brand to reach its ‘circular strategy for packaging’. This strategy includes reducing packaging by 25% and designing reusable, recyclable or compostable packaging by 2025.
International Paper Company (NYSE: IP) today announced that it has priced $1.0 billion of 4.350% senior unsecured notes due 2048. The notes were issued at a public offering price of 99.898%. The offering was made pursuant to an effective shelf registration statement.
International Paper intends to use the net proceeds from this offering, together with available cash and other borrowings, to make a voluntary cash contribution to its pension plan in the aggregate amount of $1.25 billion by September 15, 2017.