Nestle accelerates sustainable packaging initiatives

The Swiss-based multinational food and drink processing firm, Nestle, has announced it is set to invest US$2bn as it seeks to increase its sustainable packaging initiatives. Nestle will reduce its use of virgin plastics by one third by 2025 whilst working to advance the circular economy and endeavor to reduce plastic waste from oceans, lakes and rivers. No plastic should end up in landfill or as litter, said Mark Schneider, CEO of Nestle. “Making recycled plastics safe for food is an enormous challenge for our industry. That is why in addition to minimising plastics use and collecting waste, we want to close the loop and make more plastics infinitely recyclable. We are taking bold steps to create a wider market for food-grade recycled plastics and boost innovation in the packaging industry. We welcome others to join us on this journey.”