A program officer with Verra explained that the group’s credit-trading system would give companies an avenue to mitigate plastic waste outside the scope of their value chain. | Warut Chinsai/Shutterstock
An initiative backed by several major brands is looking to boost the flow of corporate money to vetted plastics recovery and recycling projects.
Nestlé pledged to buy up to 2 million metric tons of food-grade recycled plastics over the next five years. | Formatoriginal/Shutterstock
Nestlé says it will buy a huge quantity of food-grade recycled resin over the next five years. A company leader explained why the brand owner is committing to use recycled plastic despite its higher cost.