Sky launches $2m zero-waste shopping deliveries

Loop will launch UK reusable packaging service next year with Tesco as partner

Loop launched tesco and sky                                 

Sky TV’s impact investment fund, Sky Ocean Ventures, has made its largest investment to date with a $2m (£1.5m,€1.7m) plan to deliver products in reusable packaging.

The service, called Loop, is a shopping service designed to “transform the world’s reliance” on single-use plastic by “closing the loop on waste” and creating a “circular economy”.

Set to launch in the UK with Tesco in 2020, household products will be delivered to customers in reusable containers that are collected, cleaned, refilled and reused or recycled.

Sky Ocean Ventures is part of Sky’s Bigger Picture initiative and is the solutions arm of the Sky Ocean Rescue campaign, which deals with issues affecting oceans and aims to inspire behavioural change.

An initiative from US recycling business TerraCycle, Loop will become Sky Ocean Ventures’ 17th investment as the £25m fund continues to assist companies addressing the overuse of plastics.

Some of the world’s largest companies including P&G, Nestlé, The Body Shop and Unilever have signed up. Products are already available through Loop in the US and France, where customers can have Häagen-Dazs ice cream delivered in reusable steel containers, alongside Pantene shampoo bottles made of durable aluminium.

Sky aims to eliminate all single-use plastics from its business, products and operations by the end of 2020.

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image