CONFORMiT Blog

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November 28, 2022
Should we link pay to ESG measures?

Should we link pay to ESG measures?

According to this report by The Conference Board, in collaboration with Semler Brossy and ESGAUGE, the vast majority (73% in 2021) of companies in the S&P 500 are “now tying executive compensation to some form of ESG performance.” To be sure, some companies have long tied executive comp to particular ESG measures, such as diversity, customer satisfaction, employee and product safety and anticorruption programs. That has now expanded to a wider use of various ESG metrics, which the report attributes to a new intensified focus on ESG “driven by investors, employees, consumers, business partners, ESG rating agencies, and regulators,” together with “the shift to a multi-stakeholder form of capitalism.” The expanded use of ESG measures in executive compensation offers the obvious benefit of incentivizing and rewarding behaviors needed to achieve goals that so many stakeholders view as critical. At the same time, however, inclusion creates a number of risks […]

November 28, 2022
Will Digitalization Replace Sustainability as a Focus for Packagers?

Will Digitalization Replace Sustainability as a Focus for Packagers?

As CPGs’ future growth increasingly depends on their ability to mitigate the effects of inflation on the supply chain, digitalization may overtake sustainability as a key driver. Digitalization combines various technologies, such as artificial intelligence (AI), 5G, Internet of Things (IoT), augmented reality (AR), and virtual reality (VR). Sustainability has been an important focus for the packaging industry for the past few years, but digitalization could now take over as the key driver as supply chain efficiencies and proactive cost reductions are required for companies to ride out current inflationary pressures. That’s according to data and analytics company GlobalData , which notes that the global consumer packaging industry recorded more than 4.1 trillion packaging units in 2021 after a 1% decline during the pandemic in 2020. However, it says, future growth in the industry will be dependent on companies being able to mitigate the effects of inflation on the […]

November 28, 2022
The Price of Paper

The Price of Paper

Opened in 1957, this pulp and paper mill in Crofton, British Columbia—like many coastal mills around the world—leaves behind a legacy of toxic pollution in sediments and marine animals. Photo by Grant Callegari The Crofton pulp and paper mill—one of the biggest in Canada—occupies a sprawling site carved out of the coastal Douglas fir forests on the east side of Vancouver Island, British Columbia. The mill’s commanding view of the Salish Sea, which separates the island from the mainland, is filtered through a bustling industrial lens. Belching stacks reach fist-straight for the clouds while conveyor-belt tongues transfer woodchips into a mechanical mouth to be shredded, laced with chemicals, and doused with water as they’re converted into pulp and paper. It’s the sort of industrial complex that naturally draws unfavorable attention. Opened in 1957, Crofton mill has survived more than its share of public protests over pollution and disagreeable odors. […]

November 28, 2022

Soft Drinks Packaging Market Worth USD 148.1 Million by 2028 Witnessing a CAGR of 3.95% – Report by Market Research Future (MRFR)

Soft Drinks Packaging Market Insights and Industry Analysis By Material (Glass, Plastic, Metal, Paperboard), By Packaging type (Box, Bottle, Cartons, Cans), By Application (Carbonated Soft Drinks, Functional Drinks, Juices, And Others) And Region, Competitive Market Size, Share, Trends, and Forecast to 2028 According to a Comprehensive Research Report by Market Research Future (MRFR), “ Soft Drinks Packaging Market Information By Material, By Packaging Type, By Application, and Region – Forecast till 2030 ”, the market is estimated to grow at a 3.95% CAGR to reach USD 148.1 Million by 2028. Market Synopsis Typically non-alcoholic beverages, soft drinks have carbonated air, additional tastes, and additives. Drinks with natural and nutritious content are becoming more and more popular. In the beverage industry, the market for carbonated soft drinks has matured. It has undergone a number of modifications recently, and this state of flux is anticipated to last for the foreseeable future. […]

November 28, 2022
In Coastal Communities, the Toxic Legacy of Pulp and Paper Mills

In Coastal Communities, the Toxic Legacy of Pulp and Paper Mills

he Crofton pulp and paper mill — one of the biggest in Canada — occupies a sprawling site carved out of the coastal Douglas fir forests on the east side of Vancouver Island, British Columbia. The mill’s commanding view of the Salish Sea, which separates the island from the mainland, is filtered through a bustling industrial lens. Belching stacks reach fist-straight for the clouds while conveyor-belt tongues transfer woodchips into a mechanical mouth to be shredded, laced with chemicals, and doused with water as they’re converted into pulp and paper. It’s the sort of industrial complex that naturally draws unfavorable attention. Opened in 1957, Crofton mill has survived more than its share of public protests over pollution and disagreeable odors. Canadian rock legends Randy Bachman and Neil Young, and a host of other artists, have campaigned against the mill. In 2004, Bachman, then a resident of Saltspring Island, vowed […]

November 28, 2022
Forest sector employs 33 million around the world, according to new global estimates

Forest sector employs 33 million around the world, according to new global estimates

Quantifying how many people are employed in the forest sector is not a straightforward exercise. Nonetheless, the ILO, FAO and the Thünen-Institute of Forestry joined forces to estimate the global workforce in forest-related activities and provide insights on labour market trends in this sector. © J. Koelen / FAO Forests and the forest sector are an important source of employment, livelihoods and incomes for millions, especially in rural areas. Forests currently cover 31 per cent of the global land area , although they are not equally distributed around the globe. More than half of the world’s forests are found in only five countries (the Russian Federation, Brazil, Canada, the United States of America and China) and two-thirds (66 per cent) of forests are found in ten countries. These 10 countries employed an estimated annual average of 18.6 million workers in forest-related activities between 2017 and 2019. Worldwide, the forest […]