Initiatives targeting environmental awareness and sustainability are on the increase among local companies, including for Maypole Group, the family-run business with over 20 retail outlets across the island.
Group Director, Sebastian Debono, announced today that the company achieved the target it set for itself last year of removing one million plastic bags from circulation, by packaging its bread in paper bags instead.
The milestone was announced at the new Maypole store in Ta’ Paris, Birkirkara, which included the inauguration of a vertical garden on its façade, another environmental initiative taken by the Group.
At the launch of the initiative in 2020, Mr Debono had explained that packaging bread in paper bags will take the company back to its roots, and simultaneously serve to protect the environment and keep bread fresh.
He takes over from Alejandro Gosttuski, who will now take on the role of an Advisor.
The company, set to launch soon, will seek to provide clients with ‘customer-centric and innovative’ financial services.
The Malta Stock Exchange recently joined other exchanges for the inaugural Ring the Bell for Climate initiative.
Family businesses account for more than 70% of Malta’s SMEs, and are hence vital components of the local economy.