Home » Resource Database Case Study Phool Cleans Up with Upcycled Incense and Bio-leather Authoring Organisation BloombergNEF Publish Date October 2024 Geography India Download Case Study (Phool Cleans Up with Upcycled Incense and Bio-leather)(This link will take you to an external website) About this Case StudyThis case study examines the financial opportunity created by Phool in addressing local water and waste impacts. The Indian company upcycles floral waste from temples into incense, compost and bio-leather, preventing pesticide pollution into water bodies and promoting circular economy practices. Key outcomesPhool primarily markets its bio-leather as an input for other companies, but has also developed bags, wallets and shoes using this material. The company has raised at least USD 11.7 million since 2017 and is on track to double its annual revenue to USD 15 million in 2024. Notable investors include IAN Fund, Tata’s Social Alpha (FISE) and IIT-Kanpur. Download Case Study (Phool Cleans Up with Upcycled Incense and Bio-leather)(This link will take you to an external website) Related resources 3M Incurs $10.5 Billion Liability for Polluting Waterways with ‘Forever Chemicals’ BloombergNEF | 2024Location: United States of AmericaCase Study The case study examines financial and reputational impacts on 3M arising from soil and groundwater contamination with PFAS chemicals. It details the company's history of producing such chemicals, the impacts on nature and the resulting legal actions. The case study also explores the broader... Formosa Penalized Over Plastic Pellets, But Real Risk Is in Shift to New Materials BloombergNEF | 2024Location: United States of AmericaCase Study A case study of the legal and reputational risks faced by Formosa Plastics as a result of the excessive discharge of plastic pellets into waterways. The case study explores the financial implications for the company and the growing concern about plastic pollution. Nature for Growth: Unleashing the Power of the Bioeconomy by 2030 Opening panel session of the World Biodiversity Summit at COP16 in Cali, Colombia, focused on the economic landscape of bioeconomy and nature-positive transition Redwood Materials’ Battery Metals Recovery Cuts Mine Mess BloombergNEF | October 2024Location: United States of AmericaCase Study This case study examines the nature-related opportunity presented by metal recycling. It focuses on Redwood Materials, a US-based company that recycles lithium-ion batteries, recovering valuable metals and diverting battery waste from landfills. Related publications Guidance for corporates on science-based targets for nature Related webinars Changes in the state of nature: the next generation of metrics & targets? August 24, 2022 (Updated: December 17, 2024) This webinar provides a deep dive into using metrics and setting targets, with a specific focus on changes in the state of nature, measuring opportunities and risk for biodiversity, potential metrics and targets that could be in use in...