
Tetra Pak releases Its 26th Sustainability Report
Within its own operations, the company has achieved a 54% reduction in GHG emissions since 2019 and reports 94% renewable energy consumption in its own operations, keeping the company on track to achieve net-zero GHG emissions in its own operations by 2030. Moreover, these environmental achievements go hand in hand with the company's continuous efforts to improve livelihoods and strengthen economies through the delivery of safe food everywhere.
Adolfo Orive, President & CEO at Tetra Pak, comments: "By 2050, the global population is projected to reach 10 billion, driving a 60% surge in food demand. Yet, while food systems are vital to sustaining modern life, they also account for more than one-third of global greenhouse gas emissions."
He added: "This growing tension between the need for increased food production and reduced environmental impact presents a critical challenge – one that Tetra Pak is committed to addressing. As highlighted in our latest Sustainability Report, we are driving more secure and sustainable food systems, while mitigating climate impacts and improving livelihoods. We look forward to working with our customers and other stakeholders as we continue the journey."
The progress illustrated in the Tetra Pak FY24 Sustainability Report puts the company on track to achieve its 2030 ambition of reducing GHG emissions across its value chain by 46% (Scopes 1, 2 and 3) compared to the 2019 base year.
This follows another year of significant development in decarbonising the company's own operations and helping its customers reduce their emissions through the equipment, technology and services that Tetra Pak provides. Such advancements demonstrate the company's ongoing commitment to working collaboratively with suppliers, customers and other stakeholders to achieve net-zero GHG emissions across the value chain by 2050, compared to the 2019 baseline.
One significant contributor to Tetra Pak's progress in reducing GHG emissions across its value chain in 2024 was the company's resource-efficient equipment, whole-factory optimisation technology, and packaging solutions with lower carbon footprints. These innovations have helped food and beverage producers maintain their competitive edge while reducing their own emissions.
The report indicates that in 2024, GHG emissions from delivered ambient dairy lines decreased by 13% compared to 2023, and by 42% from the 2019 baseline. New equipment introduced this year, such as the Tetra Pak® Tubular Heat Exchanger featuring unique, patent-pending Q corrugation, has proved particularly impactful.
This design reduces the pressure drop by 40% (that is, the reduction in pressure as fluid flows through the tubes), allowing customers to cut the electricity consumption of the heat exchanger pump used during food and beverage production for processes such as sterilization and pasteurization by up to 40% compared to the previous market-leading model. As a result, customers benefit from both lower energy costs and a reduced carbon footprint at the same time.
Other notable achievements shared in the company's FY24 Sustainability Report include:
Helping food production factories achieve up to a 40% reduction in energy consumption and a 60% improvement in quality consistency, thereby preventing food waste, through Tetra Pak's advanced manufacturing solutions.
Providing 66 million children in 49 countries with milk or other nutritious beverages in packages through school feeding programmes.
Helping 84,000 smallholder dairy farmers across 29 Dairy Hub sites worldwide achieve greater income security while providing stable raw milk supply to dairy manufacturers.
Investing approximately €100 million in research and development to further enhance the environmental profile of cartons without compromising food safety. This investment led to innovations such as recycled polymer caps developed in partnership with Elle & Vire, and the Tetra Brik® Aseptic 200 Slim Leaf with a paper-based barrier.
Launching the company's award-winning Approach to Nature framework, which outlines specific actions, and more than 20 measurable targets aimed at halting and reversing nature loss. This framework supports ecosystem restoration and enhances water security.
Strengthening and scaling the company's engagement with workers across the value chain through worker voice surveys, impact assessments, and third-party interviews.
Engaging 150 suppliers through its supplier sustainability initiative, Join Us in Protecting the Planet.
It is worth noting that Tetra Pak Egypt follows a clear sustainability strategy focused on protecting food, people, and the planet. The company is also committed to developing an integrated infrastructure that supports building a more efficient and sustainable economy, through initiatives that promote the circular economy and contribute to strengthening the recycling sector in Egypt. One of its most successful partnerships is with Uniboard, the only factory in Egypt with the capacity and infrastructure to handle large day to day volumes of used beverage cartons. Tetra Pak Egypt also recently launched the first recycling line for beverage cartons in the Egyptian market through a joint investment with Uniboard worth approximately €2.5 million. Tetra Pak will continue working to expand its initiatives to achieve a more sustainable future for Egypt and the region.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
18 minutes ago
- Zawya
Visa Africa Fintech Accelerator opens applications for fifth cohort, welcomes 22 startups to fourth
Participating companies will benefit from a comprehensive 3-month program of training, mentorship, and networking. Since its launch, the program has accelerated 64 start-ups helping them add more than $3 million in revenue uplift during the training, and alumni to raise upwards of $55 million since completing the program. Egypt, Cairo: Visa, a global leader in digital payments, announced that applications are open for the fifth cohort (Cohort 5) of its Visa Africa Fintech Accelerator, a 12-week intensive program designed to help startups fast-track their growth and impact. Fintechs with a minimum viable product (MVP) or a market-ready solution based in Africa are invited to apply before August 15. Visa also announced 22 participating startups for the fourth cohort (Cohort 4) of its program, spanning 12 countries. These startups aim is to tackle challenges in Africa's fintech sector and promote financial inclusion and digital growth. They provide solutions in Small and Medium Business (SMB) digitization, lending, cross-border payments, payroll, business-to-business (B2B) payments, AI-powered payments, social commerce, climate insurance, and neo-banking. The Visa Africa Fintech Accelerator offers Africa-focused startups mentorship, tailored training, networking, and access to funding and resources, helping them advance in the fintech sector. This initiative is part of Visa's continued commitment to advancing Africa's digital economy, and the company's pledge of $1 billion by 2027 to transform the payments ecosystem. Since its inception in 2023, the Visa Africa Fintech Accelerator program has accelerated 64 fintechs across three cohorts, with an estimated cumulative portfolio value of $1.1 billion. In the first three cohorts, participation has spanned 17 countries with operational footprint in 31. Nearly two-thirds (62%) of the startups included women on their leadership teams. Collectively, these fintechs have added more than $3 million in revenue during the course of the training, and alumni have subsequently raised more than $55 million following completion of the program. [VISA SPOKESPERSON] stated: 'Visa is committed to fostering innovation and promoting access and inclusion within Africa's financial ecosystem. As digital transformation accelerates across the continent, we are pleased to invite applications for Cohort 5 of the Visa Africa Fintech Accelerator, in alignment with our mission to support emerging start-ups in advancing their innovative solutions. We are also proud to introduce the participants of Cohort 4, whose diverse initiatives are set to deliver meaningful benefits to individuals, merchants, and businesses.' The virtual Accelerator program will conclude with an in-person Demo Day, where startups will have the opportunity to pitch their innovations to key ecosystem players, funding partners, angel investors, and venture capitalists. Startups shortlisted for Cohort 4 of the Visa Africa Fintech Accelerator are: (Zimbabwe): BigDot is helping SMEs use less cash through digital transformation, seamless checkouts, and blockchain-powered financial inclusion. ChatCash (Zimbabwe): ChatCash enables African SMEs to sell and get paid through popular messaging apps using AI-powered, multilingual tools. The platform integrates payments, customer engagement, and business resources. Credify Africa (Uganda): Credify is bridging the trade finance gap for African importers by providing seamless access to capital, logistics, and cross-border payments. Flend (Egypt): Flend is a digital NBFI for SME finance, providing tech-enabled, data-driven solutions to close the financing gap for underserved businesses in North Africa. Hsabati (Morocco): Hsabati is a platform that helps businesses manage operations, enabling data collection and ecosystem scoring to facilitate financing through partner banks. IPT Africa (Mauritius): IPT Africa provides cross-border payments solutions, including payroll processing, real-time FX pricing, and same-day bulk payments. Lemonade Payments (Kenya): Lemonade's white-label digital payments solution empowers businesses with secure, blockchain-powered wallets, without compromising user data. Maishapay (Democratic Republic of Congo): Maishapay is an all-in-one B2B financial platform offering payroll solutions, digital payments, and POS terminals to help streamline transactions. MNZL (Egypt): MNZL is expanding access to credit through a digital platform for asset-backed financing by tapping into consumers home and car equity. Motito (Ghana): Motito is an asset financing marketplace that provides alternative payment options for customers to purchase essential assets. Muda (Kenya): Muda is a digital asset exchange and OTC platform focused on cross-border payments and stablecoin liquidity solutions for African businesses and fintech's. (Botswana): simplifies investing across African stock markets by providing a unified platform for trading all African stocks. OKO Finance Ltd (Ivory Coast): OKO distributes automated climate insurance, allowing farms to boost their climate resilience and banks to de-risk their investment in agricultural projects. PressPayNg (Nigeria): PressPayNg is an education-focused fintech platform that provides banking, financing, savings, and insurance solutions to help parents, guardians, youths, and students fund education. Sevi (Kenya): Sevi streamlines B2B payments within non-digital value chains. This optimizes efficiency in credit, payments and reconciliation for the supplier, and access to stock and stock financing for small retailers. Shiga Digital Inc (Nigeria): Shiga Digital provides simplified access to decentralized financial solutions for the African market with a purpose-built Defi account. ShopOkoa (Kenya): ShopOkoa provides AI-driven credit and payment solutions to small- and micro-enterprises in Africa. It operates as a membership-based system combining daily savings, revenue-based financing, and automated cashflow tracking. Startbutton (Nigeria): Startbutton is a merchant of record helping businesses expand across Africa by paying and receiving local currency payments from their customers in a tax efficient and compliant manner, and without the need to setup local offices. Twiva (Kenya): Twiva is a social commerce platform where businesses market and resell their products and services through social media influencers. Vittas (Nigeria): Vittas empowers healthcare providers with access to tailored financing, digital tools, and payment solutions, enabling them to improve patient care. Woliz (Morocco): Woliz is a fintech ecosystem transforming nano-stores into digital hubs with loyalty rewards, payments, and AI-driven operations. Zazu (South Africa): Zazu is a neobank for African small and medium-sized businesses, providing digital business accounts, expense management, invoicing, and bookkeeping tools in one platform. About Visa Inc. Visa (NYSE: V) is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere, and see access as foundational to the future of money movement.


Zawya
18 minutes ago
- Zawya
Emirates NBD Egypt H1 financial results achieving net profit EGP 3bln
Emirates NBD Egypt, one of the largest banks operating in the Egyptian banking sector, announced a significant growth in its financial results ending June 2025, the bank's net profit increased by 20 % achieving EGP 3 bn, compared to EGP 2.5 bn during the counter period in 2024. While profits before taxes increased to reach EGP 4.39 bn during H1-2025, compared to EGP 3.77 bn during the counter period in 2024, representing a growth of 16%. The bank recorded a significant increase in Net Interest Income, exceeding EGP 6bn during H1 -2025 compared to EGP 5 bn during the counter period last year, representing a growth of 17%. In addition, net commissions and fees reached EGP 918m during H1- 2025 compared EGP 809m during counter period last year, representing 14% increase. Moreover, shareholders' equity recorded EGP 20 bn by end of June 2025, compared to EGP 17bn by end of 2024, representing 15% increase. Emirates NBD Egypt continued to achieve sustainable growth in its total assets reaching EGP 192bn during H1-2025, compared to EGP 159bn by end of December 2024, representing a 21% growth. Customer loans increased by 15% during the first half of the year, reaching EGP 97bn, compared to EGP 84 bn by the end of 2024, classified as follows: EGP 21bn for individual loans and EGP 76 bn for corporate loans. Customer deposits increased by 15% during H1-2025, reaching EGP 148 bn compared to EGP 128bn by end of 2024, where EGP 85 bn related to corporates and EGP 63 bn related to individuals. Amr El Shafei, CEO and Managing Director of Emirates NBD Egypt, stated: 'At Emirates NBD Egypt, we have focused on elevating our service quality and products delivery channels while offering superior innovative customer solutions and adding large population of new to bank customers across all corporate and retail sectors, by building upon the mighty capabilities of our Group and aligning with our colleagues across the growing Emirates NBD network, we have been able to unlock meaningful opportunities and deliver remarkable results.' Worth mentioning that Emirates NBD Egypt operates a robust nationwide network of 62 branches and more than 345 ATMs, ensuring convenient and seamless banking services for customers across the country.

Zawya
18 minutes ago
- Zawya
CORRECTION: Blockchain Fintech Shiga Digital Empowers African Businesses with Digital Finance Tools
Shiga Digital ( a fast-growing fintech company focused on blockchain-based financial applications, is redefining how pan-African businesses access and interact with modern financial services while unlocking the transformative potential of blockchain finance to empower Africa's economic growth. Shiga Digital has recently been awarded the prestigious DIFC (Dubai International Financial Centre) Innovation License, marking a significant regulatory milestone that underscores the company's commitment to operating within a robust and well-respected regulatory framework. The additional license, overseen by the Dubai Financial Services Authority (DFSA), provides Shiga Digital with enhanced credibility and regulatory certainty as it continues to expand its blockchain-based financial services across Africa. The DIFC Innovation License positions Shiga Digital within one of the world's leading financial centers, offering access to a sophisticated ecosystem of banks, asset managers, and financial service providers while operating under a clear regulatory framework specifically designed for virtual assets and blockchain technology. This achievement reinforces the company's dedication to compliance and building trust with stakeholders across the continent. Shiga Digital's platform was built specifically for African businesses seeking alternatives to legacy financial systems. By integrating blockchain-based tools, the company simplifies payments, enables faster cross-border trade, offers treasury management solutions, and provides transparent access to stable, secure digital finance. As a professional partner, Shiga Digital makes it easy for companies to start using blockchain technology, removing the traditional barriers that have made it difficult for businesses to leverage these powerful tools without an intermediary. The blockchain enables remarkable efficiency in critical business areas including payment processing, cross-border transactions, treasury operations, and financial reporting. However, in its current state, without an intermediary like Shiga Digital, it remains very difficult for most businesses to effectively leverage blockchain technology. This is precisely why Shiga Digital's solutions have become the go-to choice for forward-thinking African companies. Shiga Digital's capabilities were recently further boosted by a significant investment and formation of a strategic partnership with Tether, the largest company in the digital asset industry. This move signals growing international confidence in Africa's fintech potential and Shiga Digital's innovative approach to making blockchain finance accessible across the continent. The company is now uniquely positioned to help grow blockchain adoption among both customers and regulators alike, thanks to its deep understanding of African markets, regulatory compliance expertise, and commitment to building locally relevant solutions. By partnering with licensed financial transmitters in each of its markets, Shiga Digital ensures its services are fully compliant and aligned with applicable regulatory requirements, fostering trust and confidence among stakeholders. "Africa is on the cusp of a financial transformation, and at Tether, we believe in being more than just observers; we are active enablers," said Paolo Ardoino, Chief Executive Officer at Tether. "Our strategic alliance with Shiga Digital is rooted in a shared belief that access to stable, secure, and scalable financial tools should not be a privilege, but a right. This partnership represents a long-term commitment to equipping African businesses with the technology and infrastructure needed to thrive in an increasingly digital global economy. Together, we are unlocking new pathways for growth and innovation and helping to shape a more inclusive financial future for the continent." "At Shiga Digital, we're not just developing technology, we're building the infrastructure that will power Africa's financial future," added Abiola Shogbeni, Co-Founder and Chief Executive Officer at Shiga Digital. "Our mission is to level the financial playing field by equipping African businesses with blockchain tools that are intuitive, reliable, and locally relevant. We've experienced firsthand how seamless financial services can be in developed markets, and our goal is to make that a reality on the African continent as well. The opportunity before us is immense, blockchain finance has the power to empower Africa in unprecedented ways, and we're working tirelessly to enable this transformation for our customers." "What sets Shiga Digital apart is not just what we're building, but why and how we're building it – blockchain-based technology that makes digital finance accessible and relevant to African businesses," said Dami Etomi, Co-Founder and Chief Operating Officer at Shiga Digital. "Our partnership with Tether is more than financial backing; it's a strategic alliance rooted in a shared commitment to empowering the future of digital finance in Africa. The DIFC Innovation License further validates our approach and commitment to regulatory excellence. Together, we're co-creating solutions and scaling impact to ensure African businesses are not only included but thrive in the global digital economy." The company's end-to-end platform, available via offers businesses a reliable alternative to traditional banking systems, enabling seamless cross-border trade, simplifying stablecoin payments, providing comprehensive treasury management capabilities, and offering access to secure digital asset investments. By combining global technical standards with local insights, Shiga Digital's unique perspective enables the fintech to deliver intuitive and effective tools specifically designed for businesses across the African continent which can be accessed via web application and will soon be available via mobile app for iOS and Android devices. Aligning with its vision of a world where financial freedom is not a privilege but a fundamental right, Shiga Digital's innovative solutions are empowering African businesses with cutting-edge digital financial tools that harness the full potential of blockchain technology to drive economic growth and prosperity across the continent. Distributed by APO Group on behalf of Shiga Digital. Contact: Daniel Okechukwu +2348067499714 daniel@ About Shiga Digital: Shiga Digital is an international fintech company specialising in the development of cutting-edge applications utilising blockchain and AI technology. The company is dedicated to bridging the gap between traditional finance and blockchain, enabling users to access blockchain-powered financial services from anywhere, at any time. Founded in 2021, Shiga Digital provides innovative solutions to clients in over 15 countries worldwide, making digital finance more accessible and efficient for both businesses and individuals through professional partnership and expert guidance in blockchain adoption. If you are a business looking to understand more about how you can start to securely leverage blockchain technology, you can speak to us at product@ or contact us through the form at