Well, here's some news that we can be really excited about: More than 250 of the world's largest organizations including PepsiCo, Coca-Cola, SC Johnson, and H&M have just signed the New Plastics Economy Global Commitment.
The pledge by 250 organizations included numerous world's biggest packaging producers, leading consumer brands, retailers and recyclers, as well as governments and non-governmental organizations.
Dame Ellen MacArthur, founder of the Ellen MacArthur Foundation, stressed that while plastic clean up initiatives are now needed to protect the oceans, it is also vital to stop plastic pollution at "source".
"We're heading in the right direction, but we need to look at the whole plastic system in New Zealand and join other countries in adopting a true sustainable economy approach".
New Zealand revealed this week that it signed the New Plastics Economy Global Commitment declaration in an effort to work with worldwide partners to cut down on plastics and become a "circular economy". Targets will be reviewed every 18 months and will become increasingly ambitious over the coming years.
Businesses signing the Commitment have undertaken to publish yearly data about progress on the central goals of the project.
Those signed up to the Commitment have also agreed to ensure 100% of plastic packaging can be easily and safely reused, recycled, or composted by 2025. The foundation said five venture capital firms have pledged more than $200 million toward creating a circular economy for plastics.
PepsiCo said it had made a number of pledges in a bid to "build a PepsiCo where plastics need never become waste". We want to act and lead by example.
The aim is to combat plastic waste pollution, which is harming the seas.
Move from single-use to reuse packaging models by increasing the sales of bulk packs (via refill stations and consumer purchase) with 140% growth in units over 5 years. Corporations are not required to set actual targets to reduce the total amount of single-use plastics they are churning out. We see it as critical that ecostore is part of the concerted response to address today's plastics challenge.
The New Plastics Economy was an initiative originally launched in 2016 by the Ellen MacArthur Foundation and backed at launch by major companies including Amcor, Unilever, Coca-Cola, Dow Chemical and Mars.