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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

While UN negotiations to deliver a legally binding plastics treaty have ended in deadlock, Australia remains aligned with the High Ambition Coalition and is progressing domestic efforts on plastics recycling infrastructure and circular economy policy – though decisive action on packaging reform remains stalled.

In line with growth in demand for pressure sensitive labels in SE Asia, UPM Adhesive Materials is expanding its label material factory in Malaysia, adding a new coating line alongside other facility upgrades.

The Australasian Institute of Packaging has become an executive member of the Asian Packaging Federation, as the institute continues to expand its provision of education and training in the region.