US-based food and beverage brand PepsiCo has joined Ellen MacArthur Foundation-led New Plastics Economy initiative as a core partner.
The New Plastics Economy is offering a single platform to the industry, government, NGOs, scientists, students and citizens to build a more sustainable global plastics value chain.
Marking PepsiCo’s continued commitment to minimise packaging waste, the move will support the company’s previously announced pledge to make its packaging fully recoverable or recyclable by 2025.
"PepsiCo is committed to taking aggressive action to promote sustainability within our direct operations, while also acting far beyond our own walls through collaboration with others."
PepsiCo Global research and development chief scientific officer and vice chairman Mehmood Khan said: “PepsiCo is committed to taking aggressive action to promote sustainability within our direct operations, while also acting far beyond our own walls through collaboration with others.
“Unlocking new packaging material innovation and increasing consumer recycling rates requires strong partnership across the public and private sectors.
“The New Plastics Economy initiative is an important step towards creating a more sustainable packaging ecosystem and we are delighted to be a core partner.”
In March, PepsiCo announced a deal with biotechnology leader, Danimer Scientific, on the development of biodegradable film resins for use in thin film packaging.
The company, through its Closed Loop Fund, is also investing $100m to increase recycling rates in the US.