Analog Devices Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Blend
Company profile

Analog Devices, Inc. (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. The Company is a supplier of data converter products. The Company is a supplier of high-performance amplifiers. Its analog product line also includes products of high performance radio frequency (RF) ICs. The Company's DSPs are used for high-speed numeric calculations. The Company offers its products for applications in various end markets, such as industrial, automotive, consumer and communications. The Company operates in the United States, Rest of North/South America, Europe, Japan and China.

Postmarket

Last Trade
Delayed
$156.38
2.09 (1.35%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$154.29
Day's Change
-4.30 (-2.71%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
159.41
Day's Low
154.03
Volume
(Below Average)
Volume:
3,016,479

10-day average volume:
3,526,468
3,016,479

UPDATE: Coca-Cola, PepsiCo and Nestl top '10 worst plastic polluters' of 2020

5:18 pm ET December 8, 2020 (MarketWatch)
Print

Rachel Koning Beals

Single-use sachets for ketchup, coffee or shampoo and cigarette butts are frequent violators: Break Free From Plastic report

Coca-Cola, PepsiCo and Nestlé top a list of the biggest plastic polluters globally based on how often their packaging turns up discarded on beaches, in rivers, at parks and elsewhere, the third straight year (https://www.marketwatch.com/story/coca-cola-nestle-and-pepsi-top-this-list-of-plastic-violators-and-theres-been-a-solar-breakthrough-from-sweden-2019-11-04) for such a distinction.

Coca-Cola(KO) was ranked the world's No. 1 plastic polluter by Break Free From Plastic in its annual audit (https://www.breakfreefromplastic.org/globalbrandauditreport2020/?utm_medium=email&utm_source=getresponse&utm_content=LIVE%3A+Plastic+Polluters+Brand+Audit+Report+%26+Invitation+to+Press+Briefing&utm_campaign=Breakfreefromplastic+Membership+Master+List), turning up most frequently in 51 of 55 nations surveyed by a group of 15,000 volunteers who identified and catalogued the findings. Last year, Coke sold the most frequently littered bottle in 37 countries, out of 51 surveyed.

Coca-Cola was well ahead of the rest of the list; its branding was found on 13,834 pieces of plastic, with PepsiCo(PEP) branding on 5,155 and Nestlé on 8,633.

Up to 91% of all the plastic waste ever generated has not been recycled and ended up being incinerated, in landfill or in the natural environment, according to this separate 2017 study (https://advances.sciencemag.org/content/3/7/e1700782.full).

Coke was singled out by environmental groups earlier this year (https://www.newshub.co.nz/home/new-zealand/2020/12/greenpeace-challenges-coca-cola-to-ditch-single-use-plastic-bottles-with-new-christmas-campaign.html) when it reupped its dedication to single-use plastic bottles that the company says customers demand. Plastic production also remains relatively inexpensive, which has encouraged its continued use. Critics of the survey have said emphasis should be on penalizing the dumping of plastics in ways that deliver the refuse to natural areas, not targeting the companies.

Major consumer-product names have joined the legions of firms taking steps to reduce emissions (https://www.marketwatch.com/story/kleenex-and-huggies-parent-kimberly-clark-aims-to-halve-its-environmental-footprint-within-the-next-decade-2020-07-08), restore forests and take other climate-friendly steps in part because younger consumers embrace environmental efforts.

Coke, Walmart(WMT) and other big multinationals pledged in 2018 to help reduce plastic pollution in the world's oceans in support of a campaign by five of the G-7 industrialized nations (https://www.euractiv.com/section/energy-environment/news/coca-cola-walmart-sign-pledge-to-cut-plastic-pollution-in-oceans/), although not the U.S.

But critics say such steps, including long-term pledges, may not go far enough, fast enough. Break Free From Plastic says the most effective way to cut down on trash is to phase out single-use plastics and implement reuse systems.

The report also revealed that single-use sachets, for example, those filled with small amounts of ketchup and mustard, coffee or shampoo, were common trash findings, as were cigarette butts.

Unilever(ULVR.LN), Modelez International, Mars, P&G(PG), Phillip Morris International(PM), Colgate-Palmolive(CL) and Perfetti van Melle round out the plastic pollution list's top 10.

Read:P&G plays climate-change catch up but critics say worrisome tree-to-toilet pipeline has to go (https://www.marketwatch.com/story/pg-plays-climate-change-catch-up-but-critics-say-worrisome-tree-to-toilet-pipeline-has-to-go-2020-07-16)

Coca-Cola has said that it remains committed to get every bottle returned to its facilities by 2030, with the intention of recycling the returns into new bottles.

The company also says 100% recycled plastic is available on select products in 18 markets around the world, which it hopes to expand.

PepsiCo has targeted a 35% drop in virgin plastic use by 2025. It has also expanded its portfolio with businesses like SodaStream and SodaStream Professional, which makes beverages on the spot to be consumed in a glass rather than a disposable vessel.

-Rachel Koning Beals; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

December 08, 2020 17:18 ET (22:18 GMT)

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