Nestlé joined forces with other businesses and governments in signing the New Plastics Economy Global Commitment at the Our Ocean Conference in Bali, Indonesia.
The Global Commitment is an initiative of the Ellen MacArthur Foundation and U.N. Environment. It aims to rethink the future of plastics by applying the principles of a circular economy, in which plastics never become waste. The Global Commitment represents a framework to work collectively on solutions that address the root causes of plastics waste and pollution.
"This Global Commitment is a step-change we urgently need in order to move from a linear to a circular economy. We want to act and lead by example,” said Nestlé CEO Mark Schneider in a statement. “We will do our part to ensure that none of our packaging, including plastics, ends up in the natural environment."
Nestlé recently set a goal to make 100 percent of its packaging recyclable or reusable by 2025. To achieve this goal, Nestlé has embarked on several research and development projects. One of them is the NaturAll Bottle Alliance, which aims to develop 100 percent bio-based PET to be used for its water business.