First Quarter 2022 Summary *Reported sales grew 9% and core sales (excluding currency effects and acquisitions) grew 13% with double-digit core growth in each segment *Pharma segment posted sales growth in all markets including the prescription drug division as demand for allergic rhinitis and asthma devices began to recover *Reported earnings per share of $0.93 compared to $1.24 in the prior year; prior year results included an effective tax rate of 17% and an unrealized gain of $17 million related to changes in the fair value of an equity investment
New research from the renewable materials company Stora Enso sheds light on the importance of packaging in achieving greater food systems sustainability. The report entitled “Food packaging for better food systems” identifies 13 impact opportunities for the food packaging value chain, powered by innovation and collaboration, to unlock greater global climate, biodiversity, and social progress.
Fiber-based packaging is an enabler of sustainable food systems due in part to its renewable base material, recyclability, and reliability in hygienic food protection. In the report, Stora Enso envisions a new developmental role for packaging to combat the hidden socioeconomic costs created by our food systems. This includes strengthening food system sustainability by advancing opportunities in areas including supporting healthy diets, minimizing food loss, and developing new compostable or waste-based materials.
Tiina Pursula, SVP Sustainability commented: “Our food systems play a crucial role in securing a circular, biodiversity- and climate-positive future. We need to look at these systems holistically and consider how can we contribute to food system transformation, such as healthier, plant-based foods and food waste reduction. This way, we can drastically change the way we produce, transport, and consume food.”
In mapping the 13 impact opportunities, the report highlights enabling conditions for each to be fully realized, such as innovation, technology, finance, and policy, such as better waste sorting, higher recycling capacity, and establishing a market for secondary raw materials to improve the circularity of materials systems. These conditions illustrate the need for a multi-stakeholder approach to fully realize the solutions proposed by the research.
more at: https://www.storaenso.com/en/newsroom/news/2023/5/stora-enso-details-path-to-food-system-sustainability-supported-by-better-packaging-in-new-research