Global giant Nestlé has joined the group of brand name companies pushing for more sustainable packaging.
On Jan. 16, the Swiss food and drink maker pledged more than $2 billion to accelerate the shift to food-grade recycled plastics, a move it says will help it reduce its use of virgin plastics by 30 percent.
The move builds on Nestlé's 2018 pledge that it would make all of its packaging recyclable or reusable by 2025.
"No plastic should end up in landfill or as litter," CEO Mark Schneider said in a news release.
But, as Nestlé and other companies have discovered, wanting to use recycled materials doesn't mean that those resins will be there when you need them. The entire value stream must work together, which means providing a market for food-grade recycled plastic and helping to finance development of the circular economy.