SHAKEY’S PIZZA Asia Ventures, Inc. (SPAVI) has partnered with a non-profit organization that will assist in limiting its plastic footprint towards achieving plastic neutral certification.
In a disclosure to the stock exchange on Monday, the company said it signed an agreement with Plastic Credit Exchange (PCEx) in efforts to reduce its plastic usage and help the restaurant chain in being the first food service company in the Philippines to attain said certification.
SPAVI said that PCEx assists businesses in cutting their plastic footprint via its partners that recover, process, and recycle plastic waste.
“A third party then independently audits and verifies the businesses’ plastic footprints and their corresponding offsets, completing the plastic neutral certification process,” SPAVI said.
SPAVI said it celebrated its first year of attaining 100% ‘plastic neutral’ earlier in the year, after pushing to be able to recover the amount of plastic equivalent to what it used in 2019.
Meanwhile, the company has also implemented other initiatives to reduce its plastic usage and limit its environmental impact and ecological footprint.
SPAVI said it had banned the use of plastic cups and straws in its workplace and had given its guests the option to automatically omit plastic utensils from their delivery orders in the company’s online platform.
The company also said its remaining plastic usage is offset by recovering and recycling an equivalent amount of plastic that allows it to gain a net zero plastic footprint.
“By our calculations, we have achieved 100% plastic neutrality already but we aim to take this initiative to the next level by working towards the third-party certification of our neutrality,” Shakey’s President and Chief Executive Officer Vicente L. Gregorio said.
“In spite of the more challenging business environment, we remain committed to integrating sustainability in the way we run our business and will continue in this direction for the betterment of our company and all its stakeholders,” he added.
On Monday, shares of SPAVI in the stock exchange rose 0.17% or P0.01 to close at P5.75 per share. — Revin Mikhael D. Ochave
