Jun 13, 2019

Unilever reveals its Sustainable Living brands contributed to 75% of 2018 turnover growth

Sophie Chapman
1 min
Unilever sees Sustainable Living brands grew 69% faster than other
The British-Dutch consumer good giant, Unilever, has released the annual results for its ‘Sustainable Living’ brands...

The British-Dutch consumer good giant, Unilever, has released the annual results for its ‘Sustainable Living’ brands.

The portfolio of brands broke records last year, contributing to 75% of the firm’s total turnover growth for 2018.

The portfolio features 28 brands that aim to integrate sustainability into their products and values, edie.net reported.

The brands also grew 69% faster last year compared to the rest of the firm’s brands.

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The company added brands such as Close Up, Wheel, Calve, and Bango to its Sustainable Living Group last year.

The portfolio also includes Dove, Knorr, Persil, Sure, Lipton, Hellman’s, and Wall’s Ice Cream.

“Purpose creates relevance for a brand, it drives talkability, builds penetration and reduces price elasticity,” commented Alan Jope, Chief Executive Officer of Sustainable Brands at Unilever.

“The fantastic work done by brands such as Dove, Vaseline, Seventh Generation, Ben & Jerry’s and Brooke Bond shows the huge impact that brands can have in addressing an environmental or social issue.”

“But talking is not enough. It is critical that brands take action and demonstrate their commitment to making a difference.

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Drax
Biomass
Sustainability
BECCS
Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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