Starbucks aims to make its packaging reusable and invest in better waste-management, as part of the company’s latest plan to become more environmentally friendly. More here:
Over the past year, with the rise of companies including Beyond Meat and Impossible Foods, “plant-based” has become a food industry buzzword and several major brands and restaurants have raced to offer such products. The plant-based meat substitute category is expected to be worth $140 billion in the next decade, according to Barclays.
Shares in Beyond Meat, which makes pea-based sausages, chicken and burgers, rose as much 17.1% to $127.80. For now, the world’s largest coffee chain has laid out targets for 2030 including halving landfill waste from stores, and carbon emissions from its direct operations and supply chain. The targets were informed by research from the World Wildlife Fund and sustainability consultant Quantis, Starbucks said.
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