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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

Federal ministers yesterday convened an urgent industry roundtable on plastics supply chain pressures, placing packaging reform and domestic recycling capability firmly at the centre of discussions around Australia’s food security and manufacturing resilience.

The Australian Beverages Council has renewed calls for urgent national packaging reform, saying global supply disruptions highlight the need for stronger domestic recycling and harmonised EPR.

Close the Loop has sold its US-based ISP Tek Services business for US$10m, as part of a broader strategic reset aimed at sharpening focus on its core packaging and resource recovery operations.