PepsiCo has joined the New Plastics Economy initiative as a core partner.
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 membership supports the company’s previously announced goals to strive for 100% 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.
“Unlocking new packaging material innovation and increasing consumer recycling rates requires strong partnership across the public and private sectors,” said Mehmood Khan, PepsiCo’s vice chairman and chief scientific officer of global research and development.
“The New Plastics Economy initiative is an important step towards creating a more sustainable packaging ecosystem and we are delighted to be a core partner.”
The New Plastics Economy is a three-year initiative to build momentum towards a plastics system that works.
Applying the principles of the circular economy, it brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging.