Monthly Archives: January 2020

Nestlé Is planning to switch to recycled plastic in its packaging

Food companies trying to reduce their consumption of plastic have a big problem — it’s hard to find suitable recycled material. Nestlé says it’s willing to spend more than $2 billion to try and fix that.

The world’s biggest foodcompany said in a statement Thursday that it would cut costs in other parts of its business to free up more than 1.5 billion Swiss francs ($1.6 billion) to buy 2 million metric tons of recycled plastic between now and 2025.

Nestlé said it would be paying above the market rate for the recycled material, part of its strategy to alleviate a shortage of used plastics suitable for food packaging by luring new suppliers into the business. Doing so shouldhelp the company meet its goal of reducing its use of virgin plastics by a third by 2025.

“Making recycled plastics safe for food is an enormous challenge for our industry,” Mark Schneider, chief executive of Nestlé, said in a statement.

“That is why in addition to minimizing plastics use and collecting waste, we want to close the loop and make more plastics infinitely recyclable,” he added

Source: https://ktvz.com/money/2020/01/17/nestle-is-spending-billions-to-create-a-market-for-recycled-plastics/

Indianes footwear developed a shoe made with biodegradable banana fibers

 “The vision of INDIANES is that banana fiber is the solution to the environmental crisis caused by the textile and fashion industry. Banana fiber was used for centuries by Colombian communities and does not require any water or extension of land for cultivation, since it is obtained from the residues of banana agriculture.”

Mattel commitment on sustainability

“Mattel announced its goal to achieve 100% recycled, recyclable or bio-based plastics materials in both its products and packaging by 2030.

This new goal expands the Company’s Environmental Sustainable Sourcing Principles that were announced in 2011. The Company now sources 93% of the paper and wood fiber used in its packaging and products from recycled or Forest Stewardship Council (FSC) content, surpassing its 2018 goal of 90%. In addition, the Company has adopted the How2Recycle label, a standardized labeling system that clearly communicates recycling instructions to the public.”

Source: Mattel Announces Goal to Achieve 100% Recycled, Recyclable or Bio-based Plastic Materials in All Products and Packaging By 2030