Latest news with #Footprint
CNBC
3 hours ago
- Business
- CNBC
31. Footprint
Founders: Troy Swope, Yoke ChungCEO: Corey BerendsLaunched: 2014Headquarters: Gilbert, ArizonaFunding: $1.2 billionValuation: N/AKey Technologies: Low code/no code softwareIndustry: MaterialsPrevious appearances on Disruptor 50 list: 1 (No. 45 in 2021) The materials that food and beverages are packaged in are big business, and increasingly a political issue. Over the past decade, a focus on sustainable design linked to the issue of climate change was at the forefront of many these efforts. Now, the Trump administration's trade policy and tariffs on materials like aluminum has some big bottling companies like Coca-Cola rethinking what packaging a drink should be in. Trump, along with U.S. Secretary of Health and Human Services Robert F. Kennedy, Jr., have also focused on eliminating microplastics, PFAS and other synthetic chemicals in food and beverage packaging. Those efforts are shining a larger spotlight on the niche of sustainable packaging for major food, beverage and consumer product companies, something that Arizona-based material science technology firm Footprint has been working on for years, and working on at a level that remains relevant regardless of the politics of the moment. Since its founding in 2010, Footprint has assisted a variety of companies across the food and consumer goods space to create sustainable alternatives to the plastic and polystyrene foam typically used in packaging. The company has found success with a variety of products you'd see in supermarkets or consumers' hands. Last year, Footprint worked with Starbucks and Tim Hortons on fiber-based cup lids. Flora Food Group, a Dutch food company, worked with Footprint on the world's first plastic-free, recyclable tub for its plant-based butters and spreads. Earthbound Farm, which sells organic greens, veggies and salad kits, worked with Footprint to create a plant-based tray made from recycled fibers that uses 95% less plastic than standard clamshell packaging. Footprint is also looking at ways to bring its approach to materials used in residential landscaping. It collaborated with RootMaker Products Company to create a fully compostable plant pot that eliminates plastic waste in gardening. It also is the official sustainability partner of the Phoenix Suns and Phoenix Mercury, aiming to bring some of those products, like plastic-free cups, into a sports arena.
Yahoo
26-04-2025
- General
- Yahoo
Selby College students take part in sustainability competition
Selby College staff and students are among those to have taken part recently in a sustainability competition. The college, along with others in the Heart of Yorkshire Education Group, has been participating in the Association of College's (AoC) Planet Earth Games. The competition has seen schools across the nation compete in various challenges and activities between January and Earth Day (April 22), gaining points by submitting evidence of participation. The Heart of Yorkshire Education Group organised its own Sustainability Week in March in an effort to boost participation and "highlight how small changes can have a big impact on the environment," according to a spokesperson. Across Selby College, Castleford College, and Wakefield College, a range of creative and practical activities took place, including recycling and upcycling workshops, tree planting, and clothes swap shops; and canteens went meat-free for a day. At Selby College, Art & Design students exhibited eco-friendly artwork at Selby Abbey, using waste materials in their pieces. Feedback was provided by the Abbey's artists-in-residence, Mandy Keating and Helen Brook. The Heart of Yorkshire Education Group is working with other organisations, including the HI Group, Let's Go Zero, and Trident Utilities Ltd, to facilitate the achievement of its sustainability goals. The group has expanded its curriculum to include new green skills programmes, covering topics such as Carbon Capture and Storage, Heat Recovery, Groundworks and Pipe Laying, and Fenestration. These activities are captured in the group's sustainability newsletter, Footprint, which can be read at More information about the Heart of Yorkshire Education Group is available at
Yahoo
18-02-2025
- Business
- Yahoo
Suns, Mercury Seek Arena Naming Rights Deal After Footprint Exits
The NBA's Phoenix Suns and WNBA's Phoenix Mercury's arena naming rights deal with Footprint, an environmental tech company, has ended early, as removal of arena signage and branding began on Monday. The Footprint Center, where the Suns and the Mercury play their home games, will have a new name next year as the naming rights contract has been reworked. Player 15 Group, the parent company for the Suns and Mercury, will handle the naming rights negotiations internally and expects to name a new partner before the 2025-2026 NBA season. More from Suns' NBA Trade Deadline Woes Date Back to Sarver Ownership Joining the Billionaires at Davos: Lindsey Vonn and Picabo Street It's Time for College Football's Best Mascots to Get Paid, Too Footprint, based in Gilbert, Ariz., will remain a team partner but at a lower level of sponsorship. The arena-rights deal began in 2021. The new partner will be the fourth title sponsor for the 18,000-seat, multi-purpose arena that opened in 1992. 'I expect for us to command significant investment based on the major events that are coming here and that will continue to come here,' executive vice president and chief revenue officer Dan Costello said in a phone interview. 'As long as we have things like All-Star games, tourism and impact from a population growth perspective, this will be a place where brands want to align.' Player 15 Group looks to capitalize on a healthier market than in the last round of rights negotiations, during the COVID-19 pandemic. The arena, which hosted the WNBA All-Star Game last year, is preparing to host the 2026 NCAA Women's Final Four and 2027 NBA All Star Weekend, which will be the fourth All-Star game the city has hosted. The hunt for a new partner comes during a busy time for United Wholesale Mortgage CEO Mat Ishbia, who bought the team for a record $4 billion from ex-Western Alliance chairman Robert Sarver two years ago. Ishbia has been busy since, investing another $100 million to build a new Mercury practice facility and team headquarters downtown that opened last summer. Last year, the Suns also introduced its new G League team, the Valley Suns, the third pro team under the Player Group 15 umbrella. The rise of the WNBA, coupled with increased impressions from both local and national TV broadcasts, positions the parent company to ink a larger naming rights deal than the one with Footprint. The arena is also hosting roughly 40 more events annually, according to Costello. 'It's rare that you have a sports team under new ownership with all these things in our favor,' he said. 'We felt like it was a great opportunity to go into the marketplace. We feel like we're going to have incredible interest.' The financial terms of the original deal are unclear, but it was reported that Footprint signed a 10-year pact worth roughly $9 million per season. The deal still includes integration of Footprint's products including plant-fiber technology, compost containers, among other things. Footprint, which will remain as the official sustainability partner of the Suns and Mercury, has reevaluated its sports-related investments after it saw its valuation drop nearly 38% when its planned merger with SPAC Gores Holding VII unraveled in 2022, preventing the company from going public. Footprint announced its partnership during the Suns' appearance in the 2021 NBA Finals, replacing Talking Stick Resorts. The partnership was inked under Sarver's ownership. (This story has been updated in the first paragraph to clarify that the change was not sudden, as Footprint has been reevaluating its presence for some time.) Best of NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams Most Expensive Sports Memorabilia and Collectibles in History Why Sports Tickets Are More Expensive Than Ever
