Uber and Visa unveiled a new programme to help small and medium-sized businesses transition to sustainable and green packaging as part of a year-long commitment to help Uber Eats users develop their businesses.

The two companies will give $1 million to Uber Eats restaurants in New York, Los Angeles, London, Paris, and Madrid that meet certain criteria. This money will be used to pay for sustainable packaging solutions that will help restaurants move toward a greener future, which is a top priority for the hospitality industry in 2023, according to research.

Uber and Visa started this new project in Davos, Switzerland, where they talked about how the 2022 Grants for Growth programme has helped US small business owners get back on their feet after the pandemic and other unexpected events.

Merchants got microgrants of $10,000, which they used for things like payroll, paying off debts to vendors, upgrading payment technology infrastructure, and other immediate costs.

"Building on the success of our shared support for small and medium-sized businesses, I'm very happy to be turning our efforts with Visa towards how we can help restaurant owners reduce packaging waste and contribute to the fight against climate change," says Pierre-Dmitri Gore-Coty, SVP and Global Head of Delivery for Uber. "Single-use packaging is used in nearly every takeout order worldwide—with Visa and our restaurant partners, we can work towards reducing waste and helping small businesses thrive."

"Consumers keep saying they want to live more sustainably, so businesses in all fields have a big chance to meet this demand by adopting more sustainable practices," said Douglas Sabo, Chief Sustainability Officer at Visa Inc. "Visa is excited to expand on our partnership with Uber Eats to help small businesses not be left out of the sustainable business transformations this moment requires."

For more sustainable finance news

Source: PRNewswire