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Science and nutrition company Royal DSM has made Fortune Magazine’s 2018 Change the World list for its omega-3 fatty acids made from natural marine algae rather than fish oil from wild-caught fish.

Fortune Magazine’s 2018 Change the World list mentioned DSM’s positive social impact for the third consecutive year. Veramaris, DSM’s joint venture with Evonik, was developed for animal nutrition applications to help support life below water by reducing impact on ocean resources.

Fortune also praised DSM’s contributions to The Ocean Cleanup, a non-profit aiming to rid the world’s oceans of plastic through advanced technology. DSM supports their mission by sharing facilities, materials knowledge and networks.

Fortune’s Change the World list is determined by Fortune writers and editors with input from FSG, a nonprofit social-impact consulting firm; the Shared Value Initiative, a global platform for organisations seeking business solutions to social challenges; and Professor Michael E. Porter of Harvard Business School.

Companies with annual revenues of $1 billion or more are prioritized and evaluated on several factors: measurable social impact, business results, innovation, and corporate innovation.

 

Packaging News

Orora has celebrated 50 years of operation at its Revesby site, recognising generations of local manufacturing, skilled employment and support for Australia’s beverage supply chain.

Phil Biggs has been elected chair of the Australian Packaging and Processing Machinery Association, succeeding Rob Marguccio, with Rosanne Jessop and Mark Emmett continuing in their roles.

Coca-Cola Europacific Partners has completed a $39.7 million manufacturing upgrade at its Kewdale facility in Western Australia, installing a high-speed can production line that increases capacity by more than 40 per cent and lifts production speeds to 1500 cans per minute.