Corporates are making bold commitments towards a brighter future for our planet. Swiss giant Nestlé recently announced ambitious targets to reduce its greenhouse gas emissions that will ripple through its supply chain and various sectors, creating opportunities for companies tackling the complex challenges facing our global Agri-Food system.
One such company is IFF, a US-based flavours and fragrances company, which provides solutions to some of the complex challenges faced by the food and personal care manufacturers. Consumers want products that are high quality without harming the planet, and IFF enables this by providing the insight, world-class innovation and application expertise. The company is strongly positioned to benefit from the sustainable nutrition tailwind.
Similarly, the transition from traditional to electric vehicles (EVs) reached a tipping point in 2019. Covid-19 has seemingly accelerated this process, and in November 2020, EVs hit an incredible 17% of new car sales in Europe’s four largest car markets – a figure that would have been unthinkable as little as a year ago. And the runway for further growth is clear, driven by regulation: to reach the Paris Agreement goals, EVs must be 50% of the European market by 2030. Belgium-based materials technology company Umicore plays an important part in the transition to decarbonised mobility. As a leading supplier of cathode materials for EV batteries, Umicore is a key enabler of the growth.