SINGAPORE, Nov 2 (Reuters) – Some of the world’s biggest consumer goods companies, including PepsiCo (PEP.O), Mars and Nestle (NESN.S), are almost certain to miss a target to make plastic packaging more sustainable by 2025, according to a new report published on Wednesday.
The study by the Ellen MacArthur Foundation and the United Nations Environment Programme also revealed that some companies – including Coca-Cola (KO.N) and Pepsi – are using more virgin plastic despite a pledge to reduce its use.
The report comes as U.N. members are due to meet in Uruguay this month to start negotiations on the first ever global plastics treaty, which is aimed at reining in soaring waste pollution choking marine life and contaminating food.
Some U.N. members are pushing for a pact that includes legally binding targets to increase recycled content in packaging and use less petroleum-derived virgin plastic, rules that would have financial implications for the consumer goods and petrochemical industries.
Source : Reuters
