Nestlé commits £1.6bn to food-grade recycled plastics, pledges to cut virgin plastics use by a third
Food and beverage giant Nestlé has committed £1.59bn to source food-grade recycled plastics to be used in its packaging, alongside a pledge to cut the amount of virgin plastics it sources by a third.
The £1.59bn includes a £200m sustainable packaging venture to fund start-up companies with innovative packaging solutions and a £1.19bn allocation to pay a premium for food-grade recycled plastics between now and 2025.
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(Photo credit: Nestlè, Flickr)