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Mettler-Toledo Product Inspection, a global leader in precision instruments and product inspection technology, reaffirms its ongoing commitment to environmental stewardship and a sustainable future by achieving carbon neutral status for the fifth consecutive year.

In 2023, Mettler-Toledo made substantial strides toward its sustainability objectives. Additionally, the company is on track to achieve its goal of sending zero waste to landfill by 2025.

Efforts include accelerating the adoption of electric vehicles, ramping up solar power and district heating capacities, and re-achieving targets for sourcing 100 per cent renewable electricity.

These achievements reinforce the company's commitment to sustainability and contribute to its 2030 science-based targets for emissions reduction.

The global business has also increased efforts related to sustainable product design, supplier engagement, and transparency in its supply chain.

The company's direct supplier engagement programme, initiated in 2022, has been further advanced, aligning with environmental, social and governance (ESG) goals and commitments.

Leveraging risk assessments, the programme targets suppliers where Mettler-Toledo can have the greatest impact, driving progress toward shared sustainability objectives.

Food & Drink Business

Cobram Estate Olives (CBO) has formally claimed a purchase price adjustment of up to US$31.9 million on its California Olive Ranch (COR) acquisition and expects to pay no earn-out on the deal, as the Australian producer works through the completion of its largest ever transaction.

Maggie Beer Holdings (MBH) has pushed back the expected timing of its proposed $10 million sale of Hampers and Gifts Australia (HGA), with completion now targeted for February 2027 rather than a binding agreement signed by the end of this month.

RMIT University and End Food Waste Australia have launched the new Food and Beverage SME Packaging and Machinery Solution Centre, to help Australian food and beverage SMEs navigate the complex transition to more sustainable packaging and processing technologies, while protecting product quality and minimising food waste.