In Markets

Singapore Myanmar Investco aims for sustainability

Singapore Myanmar Investco aims sustainability

Singapore Myanmar Investco (SMI), the investment and management company which manages duty free and food & beverage outlets at Myanmar Yangon International Airport’s international terminal, is stepping up its efforts to reduce plastic waste.

SEE ALSO : ‘Plastic attack’ in Taiwan

Last year, the company established sustainability targets in its first sustainability report and, in this year’s report, it says it has reduced plastic bag usage and the use of plastic cups in its restaurants.

In the report, President and Chief Executive Mark Bedingham said: “In the upcoming years, we will look into implementing more initiatives to further reduce plastic waste in our operations.’’

SMI, which has various interests in travel and fashion retail, construction, auto services and logistics, has introduced paper bags at its retail stores and porcelain milk jugs at its The Coffee Bean & Tea Leaf outlets to replace plastic cups.

SEE ALSO : Taiwan’s Family Mart goes eco-friendly

By 31 March 2019, about half of SMI’s F&B and retail outlets had switched from using plastic bags to biodegradable paper bags, the company reported.

Follow Retail in Asia on Facebook, Twitter and LinkedIn.

Get our top stories delivered to your inbox:

 

Stay ahead
Subscribe for free!
Register now
Stay ahead