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Nike on Friday announced two efforts to reduce its environmental footprint and enable business growth: a collaboration with the Massachusetts Institute of Technology Climate CoLab to bring innovation in materials to the forefront of the climate conversation, and a commitment to reach 100-percent renewable energy in company-owned and operated facilities by 2025.

H&M, the second-largest clothing retailer in the world, is working with German textile recycler SOEX Group on a system where previously used fibers would make up the majority of the material they use in clothing manufacturing. H&M's head of sustainability, Anna Gedda, says the company has collected 34,000 pounds of waste since the program began.

Taking plastics recycling to a whole new level, Procter & Gamble (P&G) has pioneered a new technology that restores used polypropylene plastic (PP) to 'virgin-like' quality. Developed in P&G labs, the patented technology is being licensed to PureCycle to deploy in a new recycling plant in Lawrence County, Ohio and will allow consumers to purchase more products made from recycled plastic.

Scientists from IBM Research say they have accidentally discovered a new class of polymer materials that could deliver cheaper, lighter, stronger and recyclable materials ideal for electronics, aerospace, airline and automotive industries.