Last checked at 19 Nov 2020 07:00
19 November 2020
SCIENCE IN SPORT PLC
("Company" or "Group")
ESG Strategy: Introduction of Recyclable Packaging Range
Science in Sport plc (AIM: SIS), the premium performance nutrition company serving elite athletes, sports enthusiasts and the gym lifestyle community, is pleased to announce its first major launch of an environment-friendly pack.
The Company has invested in packaging technology and plant to convert the bulk of its protein powder range into recyclable pouch packaging, this being a first for the sports nutrition industry globally.
The PhD Nutrition pouch range will move to recyclable material, commencing with the Diet Whey range at the start of December, with a full range change completed in early 2021. In the last 12 months, PhD Nutrition has filled 700,000 pouches which have ultimately gone to landfill.
PhD will be the first sports nutrition brand in the world with packaging which can be recycled in green bins across a large proportion of local authorities or with carrier bags at local supermarkets. This approach will be rolled out to the Science in Sport brand later in 2021, and we expect to fill one million recyclable pouches in 2021.
The new pouch is the first step in the Company's strategy to minimise waste and the negative impact on the environment. Initiatives to support the recycling of gel and bar packaging are expected to commence in 2021.
Stephen Moon, Science in Sport's Chief Executive Officer, commented:
"We take our ESG strategy very seriously and are in the process of introducing wide-ranging measures aimed at reducing the environmental impact our manufacturing footprint, brands and products have on our planet. The introduction of a recyclable pouch is the first of several initiatives over the short and medium-term."
For further information:
Science in Sport plc Stephen Moon, Chief Executive Officer James Simpson, Chief Financial Officer | +44 (0) 20 7400 3700 |
LiberumNominated adviser and broker Bidhi Bhoma Richard LindleyJames GreenwoodWilliam Hall | +44 (0) 20 3100 2000 |
Notes to Editors
About Science in Sport plc
Science in Sport plc is a leading sports nutrition business that develops, manufactures and markets innovative nutrition products for professional athletes, sports and fitness enthusiasts and the gym lifestyle community. The Company has two highly regarded brands: PhD Nutrition, a premium protein brand targeting gym lifestyle and sports enthusiasts, and SiS, a leading brand among elite athletes and professional sports teams.
The two brands are sold internationally through multiple retail channels, both traditional and digital, including major supermarkets and high street chains, specialist sports retailers and digital sites including Amazon and the brands' websites. They enable the Company to address the full breadth of the performance nutrition market currently estimated at approximately £11 billion worldwide.
PhD is one of the UK's leading protein brands with a reputation for high quality and product innovation. The brand has grown rapidly, based on its core protein powders, since its launch in 2005. The range now comprises powders, bars, flapjacks, drinks and other products including the high protein, low sugar range, PhD Smart. PhD brand ambassadors include endurance athlete Ross Edgley, WBA international champion Jordan Gill, and leading fitness influencer Obi Vincent. The PhD brand is an official partner to the Tough Mudder Challenge and Race Series.
SiS, founded in 1992, has a core range comprising gels, powders and bars focused on energy, hydration and endurance. SiS is the official sports nutrition supplier to many professional teams and organisations including INEOS Grenadiers cycling team, Team Ineos UK (America's Cup Team), British Cycling, Cycling Australia, USA Cycling and USA Triathlon. SiS supplies more than 100 professional football clubs in the UK, Europe and USA, and is an official partner to Manchester United Football Club. SiS brand ambassadors include Olympians Sir Chris Hoy MBE, Mark Cavendish MBE and Adam Peaty MBE.
Science in Sport is headquartered in London. Its shares joined the AIM market of the London Stock Exchange in August 2013 and trade under the ticker symbol SIS.
For further information, please visit phd.com and scienceinsport.com