Nestlé To Invest CHF 2bn In Sustainable Packaging Solutions
Nestlé has announced that it is to invest up to CHF 2 billion (€1.86 billion) in developing sustainable packaging solutions that will help the company to switch to food-grade recycled plastics and reduce the use of virgin plastics.
The food giant aims to reduce the use of virgin plastics in its operations by one third by 2025 as part of a commitment, made in 2018, to make 100% of its packaging recyclable or reusable by the same period.
Between now and 2025, Nestlé aims to source up to two million metric tonnes of food-grade recycled plastics and allocate more than CHF 1.5 billion towards paying a premium for these materials.
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