May 9 (SeeNews) - Croatian food and pharmaceuticals company Podravka [ZSE:PODR] said it plans to invest 100 million euro ($110 million) to achieve the goal set in its sustainable development strategy for the period from 2023 to 2030.
The main aims of the strategy are 100% of the electricity and 50% of the heating energy Podravka uses in its production operations in the EU to be generated from renewable energy sources, 60% less CEO2 emissions at the level of the parent company Podravka, 40% less CEO2 emission at the group level, and 100% of packaging for all food products to be recyclable, returnable or compostable, the company said in a press release last week.
The other aims are 5% less food waste per tonne of products, 20% less salt and sugar and 75% new and innovative products.
“To achieve these goals we are investing 100 million euro, which is a significant financial resource but we believe that this way we will further improve our competitiveness and strengthen our market positions,” CEO Martina Dalic said, according to the press release.
Podravka’s shares traded flat at 92.80 euro on Tuesday afternoon on the Zagreb bourse.
($ = 0.913 euro)