Q2 2024 in brief *Net sales decreased 1% to EUR 1,038 million (EUR 1,052 million) *Comparable net sales growth at Group level was -1% *Reported EBIT was EUR 105 million (EUR 55 million); adjusted EBIT was EUR 106 million (EUR 93 million) *Reported EPS was EUR 0.62 (EUR 0.24); adjusted EPS was EUR 0.63 (EUR 0.55) *The impact of currency movements on the Group’s net sales was EUR -6 million and EUR -1 million on EBIT

The U.S. Department of Agriculture’s National Organic Standards Board on Tuesday voted unanimously against adding synthetic compostable materials as compost feedstocks to the National List of Allowed and Prohibited Substances. That list in part stipulates which substances can be used in organic crops or processed organic products. The board determined that the broad classes of materials it was evaluating did not meet necessity, environmental and human health, and sustainable agriculture criteria for the National List. But going forward, the group said it’s open to evaluating individual substances, as some showed potential to meet those criteria. It would also consider allowing broader classes of substances with more restricted use patterns, such as for fruit stickers or collection bags. Many composters are screening out compostable polymers altogether, Lewis said, to avoid contamination from other plastic lookalikes diverted by confused consumers. “We are not hearing them asking for more compostable polymers. We are hearing them ask for less contamination in the food waste they accept,” said Lewis, the vice chair of NOSB’s crops subcommittee. NOSB’s decisions on what’s allowed in organic compost hold particular weight in California. Under a 2021 law aimed at tightening “compostable” labeling, the item would have to be an allowable agricultural organic input, as defined by NOP. That requirement was set to take effect Jan. 1 of this year, but CalRecycle granted an extension to June 30, 2027.

One Clean Carton®, from Colbert Packaging Corporation, once again passed a series of laboratory tests to confirm its suitability for pharmaceutical and food-safe secondary packaging. New for 2022, Colbert submitted test samples of water-based, flexographic printed cartons as well as an agri-based, offset printed version. Both cartons samples included an agri-based offset printed insert glued inside. All components of One Clean Carton, including inks, coatings and adhesives, are tested to ensure they meet environmental and safety agency standards to be considered clean and safe for indirect food and drug contact. In order to state the Clean Carton claim, packaging samples underwent comprehensive analytical testing. “Pharma and Consumer product managers tasked with sourcing environmentally-friendly packaging have more reasons to choose One Clean Carton with confidence,” says Lon Johnson, vice president of sales and marketing. “In this round of testing, we elected to test both flexographic and offset printing on sustainably sourced paperboard, using water- and agri-based inks, and Clean Carton passed again.”