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New initiative helps businesses make sustainable packaging choices

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11 Apr, 2024

This post was originally published on Sustainability Matters

The Australian Institute of Packaging (AIP) is collaborating with sustainability software company Empauer to offer a comprehensive life cycle assessment (LCA) package for small to medium enterprises (SMEs) in Australia, New Zealand and Asia.

The aim is to support SMEs in making informed and science-based decisions when selecting packaging materials. This can be a challenging process, something the AIP observed in its SME training programs, where it identified a pressing need for affordable and customised LCA solutions that simplify the sometimes complex business of undertaking sustainability assessments for packaging design.

The report part of the package can be utilised for internal decisions, including selection of packaging materials and components. It can also help SMEs navigate the shift towards more sustainable alternatives within the business.

The LCA Decision Package is designed to provide AIP members and the wider industry with access to the latest tools and expertise, enabling them to reduce their environmental footprint and make responsible choices in line with global sustainability goals.

The AIP said that the main benefit to SMEs in using the LCA Decision Package was that users did not have to understand all the complexities of LCAs, as they will be provided with the comparison information and assistance to understand the environmental impact for each packaging material choice, depending on the parameters they select.

Interested SMEs can complete and submit an online expression of interest form and a brief questionnaire by visiting https://lnkd.in/gV-8CxAH.

Further enquiries can be emailed to info@empauer.com.

Image credit: iStock.com/Parkpoom

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Government consulting on sustainable investment labelling

Government consulting on sustainable investment labelling

The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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