Skip to main content

Starbucks’ $10 Million Sustainability Play



As environmental awareness becomes more prominent, sustainability is a growing concern within the professional world. During the past few years, countless retail brands have made moves to reduce waste and become more eco-friendly.

When companies are so large, the little things can make a huge difference. Even something like printing receipts on recycled paper can save thousands of trees per year. When so much power rests in their hands, brand responsibility is an important factor for success in today’s world; and consumers are looking for companies that care.

One such example is Starbucks’ recent quest for a better cup. Let’s dive into the details while examining the larger relationship between retail and sustainability.

The Journey Begins

In 2008, Starbucks publicly set intensive goals to reduce its environmental footprint. Two years later, they promised that all of their cups would be reusable or recyclable by 2015. Unfortunately, it’s 2019 and this still hasn’t been achieved.

After spending years working on designing a fully sustainable cup, one of the world’s largest coffee giants is asking the public for help. What’s more, they’re willing to pay a jaw-dropping $10 million grant to anyone who can help make this happen. In a joint effort with Closed Loop Partners, an investor group specializing in recycling, the project’s getting funded - and they’re all ears.

Cups Can Make A Difference

With such a monumental reward, many people are wondering “What’s the big deal about a cup, anyway?”

Although it’s not so obvious, a coffee cup poses a huge issue for cafes striving to optimize their eco-efficiency. Modern coffee cups are made out of paper-sourced cardboard and insulated by a very thin layer of plastic. While the combination of paper and plastic works to keep the drinks decadently warm, it’s incredibly difficult to recycle.

This leads to a majority of Starbucks’ annual 6 billion cups ending up in landfills, where they take 30 years to decompose. This is a problem, not only for the eco-conscious company, but for all of us.

“We want to make sure this (sustainable cup) technology is available to everyone because it’s the right thing to do,” said Andy Corlett, director of packaging R&D for Starbucks, in their official press release. “The idea of environmental sustainability in packaging is not just a Starbucks issue. It’s a global issue. Anything that gets us closer to that goal is not something we want to keep to ourselves.”

A Group Effort

While Starbucks is at the forefront of the mission to find eco-friendly solutions within retail, it showcases the important link between corporations and sustainability. Brands have a massive influence on the world’s ‘green’ movement since their ‘footprint’ is much larger than that of individuals or families. It’s not just one paper cup, plastic bag, or receipt- it’s billions.

The pressure is on for big-name brands to come up with creative solutions for waste and pollution. Brand responsibility is an important characteristic for contemporary companies, and it does more than just help the planet - it also increases their sale’s platform. Studies show that 66% of consumers would spend more on a product if it came from a sustainable brand.

More and more retailers are also making efforts to increase their sustainability. In efforts to reduce waste, both Dunkin’ Donuts and McDonald’s have pledged to remove foam cups and implement sustainable replacements.

Who’s next to join in on the global race to green?

Comments

Popular posts from this blog

PropTech 101: What CRE Professionals Should Know

Everyone in the CRE biz has doubtlessly heard the term proptech getting thrown around. Whether it’s been in article headlines, on the web, or during business conversations; ‘proptech’ has officially integrated into the commercial real estate vocabulary. Unfortunately, there isn’t always an on-hand dictionary available to help novices decode the latest and greatest CRE lingo. While proptech popularity has surely skyrocketed during 2019, some of us still may be confused as to what exactly proptech is. We’re happy to clear up the confusion; covering what proptech actually is and why CRE professionals should care. PropTech Explained The moment you’ve been waiting for is here… when you finally get a concise definition of the term PropTech. According to real estate technology experts at Forbes , proptech is ‘the acronym used to describe any technology for the real estate space.’ If that’s not clear enough, here’s another universally-accepted explanation devel...

Tips for First-Time Commercial Real Estate Investors

Considering investing in commercial realestate ? Commercial investments can be a great way to generate greater returns and expand your sources of income. The high possibilities for success coupled with a booming global market for warehouses make commercial properties an appealing investment opportunity. On top of these benefits, the CRE market has long been regarded as one of the safest investment routes - and even more so amidst conversations of changing economic tides. Foreign investors from all around the world are choosing to pick up commercial properties for their dynamic, lasting, and stable benefits. While investing in the commercial arena can be a profitable decision, expert insights can help streamline success. Start off your CRE investments strong with these   pieces of advice: here are some helpful tips to help new investors find, negotiate, and manage their commercial real estate assets . Get Smart with Negotiations Investment negotiations are all...