Latest news with #ecoConscious
Zawya
3 days ago
- Business
- Zawya
New report urges urgent investment in regenerative tourism innovation
A new global report is calling for urgent investment and innovation in regenerative tourism models, warning that consumer demand for eco-conscious, purpose-driven travel is outpacing the industry's ability to deliver. Titled Unlocking Innovation for Regenerative Tourism, the report, released on 25 June 2025 by Red Sea Global, the Future Investment Initiative (FII) Institute, Wave, and the Prince Albert II of Monaco Foundation, highlights the need for tourism projects that go beyond sustainability by actively restoring ecosystems, supporting local communities, and creating long-term environmental and economic value Tourism's untapped regenerative potential The report reveals that while tourism contributed around $9.9t to global GDP in 2023, and coastal and marine tourism accounts for over half of total global tourism, regenerative tourism remains significantly underserved. A rising number of travellers — 43% globally — are willing to pay more for sustainable stays, yet few genuinely regenerative options exist. 'At Red Sea Global, we believe that tourism can be a powerful force for good," says Raed Albasseet, group chief environment and sustainability officer at Red Sea Global. "This report underscores the urgent need to unlock innovation and investment in regenerative practices." Investor confidence and innovation gaps The study highlights investor hesitance, with 58% citing a lack of confidence or data to fund regenerative tourism projects, despite the opportunity within a $3t market. Additionally, nearly a third of hospitality leaders surveyed agreed that the current innovation pipeline lacks the funding needed for growth at scale. Penny Richards, CEO of the Future Investment Initiative Institute, urges decision-makers to act: "Innovation today will define the tourism industry of tomorrow and I urge investors, policy makers and innovators to look carefully at the findings of this groundbreaking report." Collaboration and data key to future success The report also underscores the importance of collaboration and technology in closing knowledge gaps and scaling regenerative solutions. "This important study highlights the critical role of data and collaboration in restoring our oceans," says Jamila El Mir, insights and activation lead at Wave. "By leveraging data-driven insights, we can unlock regenerative solutions that ensure a thriving ocean for generations to come." Olivier Wenden, vice chairman and CEO of the Prince Albert II of Monaco Foundation, adds: "The findings from this report provide a roadmap to protecting biodiversity and advancing the sustainable use of ocean resources." Key recommendations and next steps The report outlines several priority actions for stakeholders: • Raising awareness among institutional and private investors • Growing the pipeline of scalable startups and blue tech innovators • Advocating for supportive regulation and sustainability frameworks • Facilitating cross-sector collaboration between hospitality, finance, policy and technology communities Salma Baghdadi, innovation lead at Wave, stresses: "Regenerative tourism is not only an environmental and social imperative, but an economic opportunity requiring innovation and blue tech to scale smart, resource-efficient solutions at speed." The findings were shared during workshops and panel discussions earlier this month in Monaco and at the UN Ocean Conference in Nice. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Yahoo
17-06-2025
- Business
- Yahoo
From Fast Meals to Eco Feels: How Singapore's Dining Habits Are Driving Sustainable Packaging Innovation
JAKARTA, Indonesia, June 17, 2025 /PRNewswire/ -- Dining out has become a way of life for Singaporeans. According to a recent study by Euromonitor, the average Singaporean eats out 5 to 6 times a week, from a quick weekday lunch at a food court to late-night suppers and weekend brunches with friends. The nation's fast-paced lifestyle has fueled a booming food service industry built on speed, convenience, and taste. However, this rise in convenience also brings a growing concern that is often overlooked, packaging waste. As consumers grow more eco-conscious, Singapore's vibrant dining culture is being reshaped by the rise of sustainable dining habits. From restaurants that source locally grown produce to the growing popularity of movements like UglyFood, which encourages the use of imperfect but edible ingredients, sustainability is now on the menu. To meet the demands of both consumers and business owners, APP Group introduces Foopak Bio Natura, a compostable and biodegradable food packaging solution designed for the modern dining lifestyle. "Consumers want their meals fast, tasty, and Instagram-worthy, but also better for the planet and that's where Foopak Bio Natura steps in," said Ricca Windysari, Foopak SEA Regional Sales Head. Foopak Bio Natura is a food-safe, grease-resistant, and heat-stable packaging material that fits seamlessly into Singapore's F&B scene, whether in hawker centers, artisanal cafés, or fast-casual brands. The material is certified industrial and home compostable, making it an ideal solution for eateries looking to reduce their environmental footprint without sacrificing quality or food safety. Foopak Bio Natura also supports Singapore's Green Plan 2030 vision by helping reduce single-use plastics and food packaging waste. Its adaptability makes it ideal for the growing number of food vendors adopting sustainable practices, from farm-to-table restaurants to delivery-focused cloud kitchens. "Packaging is no longer just about function but brand values, when a business chooses Foopak, it signals to customers that they care about both the product and the planet," said Ricca Windysari, Foopak SEA Regional Sales Head. As Singapore continues to lead the way in food innovation and green transformation, Foopak Bio Natura offers a practical and proven way for food businesses to embrace the shift, one meal at a time. About APP Group APP is a leading pulp, paper, and forestry company based in Indonesia, supplying high-quality tissue, packaging, and paper to over 150 countries. With operations in Indonesia and China, we prioritize sustainability, ethical practices, and the well-being of our employees, society, and the environment. Our Sustainability Roadmap Vision 2030, aligned with ESG principles, guides our efforts in environmental protection, community support, biodiversity preservation, and carbon neutrality. View original content: SOURCE APP Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
