Weekly Roundup... 27 July 2021
SPAR Hungary has reached a new milestone with the opening of its 600th store. Located in the village of Vaskút, in Bács-Kiskun County, the new store was opened under SPAR Hungary's Partner Programme, launched in 2012. Through its independent retailer network, SPAR is present in 102 municipalities throughout Hungary. Including the store in Vaskút, the number of SPAR independent retailer stores in Hungary now amounts to 220, with the total number of stores reaching 600. "SPAR Hungary’s partner system has solidified into a stable, well-established business model over the years. It has grown into a close-knit system of relations within the company," commented Zsolt Szalay, managing director for sales activities at SPAR Hungary.
Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ordered the energy company to accelerate its carbon emissions reduction targets. The Whale development, operated by Shell which owns 60% of the project, alongside Chevron with 40%, is expected to reach peak production of around 100,000 barrels of oil equivalent per day, Shell said in a statement. Whale, which was discovered in 2017, holds a recoverable resource of 490 million barrels of oil equivalent and is scheduled to begin production in 2024.
Italian supermarket chain Esselunga has pledged to use 100% guaranteed fair trade cocoa across its private label range by 2025. The aim of the initiative is to ensure the traceability of cocoa beans utilising blockchain technology, from the harvest field to the finished product, guaranteeing quality and transparency for its customers and supporting the communities involved in cocoa cultivation. With the 'Sustainable Cocoa' project, Esselunga has set itself the dual objective of purchasing sustainable cocoa from cocoa cooperatives in various countries, including Togo, in order to guarantee fair economic and social treatment for farmers, while at the same time financing livelihood projects based on the needs of the local farming communities.