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McDonald’s has announced it will eliminate foam packaging from its worldwide supply chain by the end of 2018 and continue its efforts to source its “fibre-based packaging” from recycled sources by 2020.

“While about two per cent of our packaging, by weight, is currently foam, we believe this small step is an important one on our journey,” the company wrote on its website.

The Chicago Tribune reported that this was the first time McDonald’s had committed to a specific deadline for removing polystyrene drink containers from its stores, after initially starting to phase out the material in 2013.

McDonald’s has agreed to end the use of polystyrene foam packaging globally by the end of this year, shareholder advocacy group As You Sow said.

Polystyrene has been widely used for single-use containers across the world for decades, but in recent years its negative environmental and health profile have led major companies to drop it.

Food & Drink Business

Asahi Beverages is the latest company to partner with Charles Sturt University (CSU) to support Australian farmers recognise and implement climate smart practices, with scientists from the Cool Soil Initiative tracking carbon emissions from the barley used in beer.

New Zealand based agtech company, Halter, has completed a $314.5 million Series E funding round, achieving a new $2.86 billion valuation. The company plans to use the funding to expand commercialisation of its virtual fencing and animal management system in Australia and the United States.

A senate inquiry into CSIRO funding and resourcing has warned Australia’s sovereign research capability is under pressure from job cuts, declining real funding, ageing infrastructure and uncertainty over the national science agency’s strategic direction.