Posts Tagged ‘Trade with Estonia’

Global beauty company L’Oréal announced the launch of its new Sustainable Innovation Accelerator, a new program aimed at investing €100 million over 5 years to find, develop, pilot and scale breakthrough technologies addressing the company’s and industry’s sustainability-focused challenges. Out of more than 1000 applicants worldwide, Estonian company RAIKU Packaging has been selected as one of just 13 companies to join the L’Oréal Sustainable Innovation Accelerator, with an acceptance rate of 1%.

RAIKU has developed a 100% natural packaging material that offers luxurious aesthetics and excellent shock absorption. The material is one of the lowest carbon footprint materials in the world as the company has brought to the market a radically more efficient production process than traditional industries reporting over 90% resource reduction.

Read full announcement (external link)

Originally published on 19 Jan