ibusinesslines.com November 14, 2018

World's Leading Companies Aim To End Plastic Waste By 2025

02 November 2018, 12:07 | Justin Tyler

Big brands including Coca-Cola, PepsiCo and Nestle pledge to turn tide on global plastic waste

Major companies responsible for a FIFTH of the world's plastic packaging pledge to end waste

New Zealand revealed this week that it signed the New Plastics Economy Global Commitment declaration in an effort to work with worldwide partners to cut down on plastics and become a "circular economy". More than $200m has been pledged by five venture capital funds to create a circular economy for plastic.

Over the past four years, the Ellen MacArthur Foundation has been rallying businesses and governments behind the positive vision of a circular economy for plastics.

Targets set under the Global Commitment will be reviewed every 18 months and ambitions will be scaled-up over the coming years.

Mark Schneider, Chief Executive Officer of Nestlé S.A., and CGF Board member, said, "I am proud that Nestlé is amongst the signatories of the New Plastics Economy Global Commitment".

Without action to curb plastic pollution in the oceans, there could be more plastic than fish in the sea by 2050.

L'Oréal, Johnson & Johnson and Burberry are amongst some of the biggest fashion and beauty brands in the world pledging to combat plastic pollution at the source.

"As a business we are committed to addressing both the plastic source and waste issues".

The company is also stimulating demand for collecting and recycling, contributing towards its toothpaste tubes and toothbrushes being collected, and reusing the plastic to create spanners to open bulk containers, reducing the use of virgin plastics.

"Plastic waste is one of the greatest environmental challenges facing the world", said United Kingdom environment secretary Michael Gove. This innovation allows plastic bottles and packaging of any color, transparency or condition, carpet, clothing and other polyester textiles that may contain colors, dyes or additives, and even ocean plastics that have been degraded by sun and salt to meet FDA requirements for use in food-grade packaging. "As business leaders we need to seize this opportunity to make a positive difference, not only for the world we live in today but for future generations too". "We will do our part to ensure that none of our packaging, including plastics, ends up in the natural environment".

The Oakland, Calif. -based investor advocacy group As You Sow Foundation, which is leading a $1 trillion coalition of institutional investors pressuring companies on plastics use, said it signed the agreement as a supporter but wanted to see more specifics, like calling for producer responsibility to raise recycling rates. "The sheer number and size of the companies behind this pledge shows the industry is responding to people's concerns about the impacts of plastic waste". Just because something is recyclable, it doesn't mean it will actually be recycled. The New Zealand Plastic Packaging Declaration, where 15 local and multi-national companies have pledged to use 100 per cent reusable, recyclable or compostable packaging in their New Zealand operations by 2025 or earlier is another useful initiative.

Other News

Trending Now

Mystery of sisters found taped together deepens
They said there was no reason to think the sister was abducted or in danger, which is why no images were released to the public. They were pronounced dead at the scene along the riverbanks on Manhattan's Upper West Side, police said.

Solar spacecraft smashes records for speed and proximity to the Sun
The previous record was held by the Helios 2 craft, which was launched from Florida's Cape Canaveral Air Force station in 1976. The Parker Solar Probe is expected to best that today as well, reaching higher speeds at about 10:54 p.m.

John Cena's Crown Jewel Replacement Confirmed During Raw
Anyway, another name mentioned with missing the show was Daniel Bryan , as first reported by Robbie Fox of Barstool Sports . WWE Crown Jewel is set to take place on Friday, at the King Saud University Stadium in Riyadh, Saudi Arabia .

Ricciardo denies Verstappen record pole in Mexico
A white wisp of smoke expunged from the exhaust of his Renault-powered Red Bull. It sort of came from nowhere, really", said Horner.

Cox Plate results: Winx is the victor for the 4th time
She produces quite breathtaking sectional times, able to run those crucial 200-metre splits faster than any horse in training. If we did we would see stronger racing but the reality is they just can't continue racing because they are so valuable.

Modi Government Said To Cite Never-Used Powers In Talks With RBI
The official said Patel may face a tough time when he appears before a parliamentary standing committee on November 12. But the government had decided against using this provision at that time.

Eight policemen, one other wounded as woman blows herself up
Citing the interior ministry, the bomber had no previously known militant background, and her motive is still yet unknown. What is usually one of the busiest streets in the capital were shut down following the explosion .