(BRK.A), (BRK.B)
Shaw Industries Group, a global flooring manufacturer under Berkshire Hathaway, has announced a recycling partnership with Encina Development Group. Shaw will provide over 2 million pounds of waste materials from its carpet manufacturing processes annually, contributing to its long-standing sustainability commitment. This partnership will reduce Shaw’s greenhouse gas emissions, carbon footprint, and overall waste.
Shaw has had Cradle to Cradle design programs in place for over 20 years, with almost 90% of its products being Cradle to Cradle Certified. The partnership with Encina is a significant step towards Shaw’s commitment to fueling the circular economy and reducing environmental impact.
Encina’s innovative technology will enable the production of high-quality circular chemicals from materials like carpet waste, diverting them from landfills and helping to close the loop on plastic. This initiative is a significant move towards creating circular solutions for end-of-life plastics.
The partnership between Shaw and Encina demonstrates the potential for innovative technologies and partnerships to reduce waste and environmental impact while fueling the circular economy. It is an excellent example of how businesses can work together to promote sustainability and reduce their carbon footprint.
© 2023 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.