Almost 90 percent Nestlé’s food and beverage packaging, including two-thirds of its plastic packaging, is recyclable or reusable. Now the Swiss multinational is hoping to increase those numbers.
“We have made strides in our transformative journey towards a waste-free future, but we know that we have more work to do,” Nestlé Global Head of Sustainable Packaging Véronique Cremades-Mathis said in a press release. “As the world’s largest food and beverage company, we’re committed to putting our size and scale to work to tackle the packaging waste problem everywhere that we operate.”
Nestlé recently invested $30 million in the Closed Loop Leadership Fund, a private equity fund that aims to boost recycled plastics in the United States. The fund invests in circular supply chains, including companies that with a strong track record in recycling. At present, only around 25 percent of Americans goods are recycled due to the patchwork of state and local governments that oversee recycling, according to the U.S. Environmental Protection Agency.
Nestlé will also create an end-market for the recycled plastics used by companies that Closed Loop acquires. “Nestlé’s investment is a significant commitment to help modernize, optimize and capitalize circular economy infrastructure in the U.S. and harness innovative technologies to keep materials in manufacturing supply chains,” said Closed Loop Partners Chief Executive Ron Gonen in a statement.
At the same time, Nestlé announced two other new sustainability measures.
In Chile, the company launched a pilot project where customers use a mobile app to pet food in bulk that is delivered in electric vehicles, cutting down on reusable packaging. The program could save as much as 10 grams of plastic per kilo purchased food.
In France, Nestlé recently unveiled first-of-its-kind recyclable paper packaging for Maggi bouillon cubes. Sold in more than 90 countries, the new packaging replicates the foldable and safe qualities of the previous packaging that was not easily recyclable.
Image credit: Nestlé via Flickr