Plastics Recycling Update

Investors sign plastic packaging declaration

Nescafe packagingShareholders are calling on major consumer product companies to reduce their plastic packaging, ensure recyclability, and help fund collection and recycling.

Investors managing a combined $1 trillion in assets have been organized by California-based advocacy group As You Sow into what’s called the Plastic Solutions Investor Alliance. According to As You Sow, they’ll begin by engaging Nestlé, PepsiCo, Procter & Gamble and Unilever, all publicly traded companies.

Citing negative environmental impacts, the investment groups signed a June 13 declaration calling on companies that use plastic packaging to do the following:

Among the major investors were ACTIAM, Aviva Investors, Candriam Investors Group, Dignity Health, Domini Impact Investments, Hermes Investment Management, Impax Asset Management, Mercy Investment Services, NEI Investments, Robeco and Walden Asset Management.

Bloomberg reported on the effort, publishing responses from a couple of the consumer goods companies.

Photo credit: EDLEEN IBRAHIM/Shutterstock

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