PepsiCo has joined the New Plastics Economy initiative as a core partner, signaling the global food and beverage company’s continued commitment to reduce packaging waste.
Led by the Ellen MacArthur Foundation, the New Plastics Economy is bringing together industry, government, NGOs, scientists, students and citizens to build a more sustainable global plastics value chain.
PepsiCo’s participation in the initiative supports the company’s previously announced goals to strive for 100 percent of its packaging to be recoverable or recyclable by 2025 and to partner to increase packaging recovery and recycling rates. These goals are part of PepsiCo’s Performance with Purpose vision to deliver top-tier financial performance over the long run by integrating sustainability into its business strategy.
PepsiCo’s involvement in the New Plastics Economy is one of a series of collaborations the company is already undertaking to tackle packaging waste:
•PepsiCo announced an agreement with biotechnology leader, Danimer Scientific in March 2017, on the development of biodegradable film resins for thin film packaging.
•PepsiCo, through the PepsiCo Foundation, was a founding member of the Closed Loop Fund, which is investing $100 million to raise recycling rates in the United States, including through improved curbside recycling and materials processing.
•PepsiCo Recycling works with schools K-12, college and university campuses and local communities in the United States through various programs and initiatives to boost recycling infrastructure and raise awareness. In the almost 4,000 schools that PepsiCo Recycling has partnered with since 2010, 93 million cans and bottles have been recycled and over $1 million in prizes and incentives have been distributed to participating schools.
Published in the July 2017 Edition of American Recycler News