The FINANCIAL -- Nestlé joined forces with other businesses and governments in signing The New Plastics Economy Global Commitment ('Global Commitment') at the Our Ocean Conference in Bali, Indonesia.
The Global Commitment is an initiative of The Ellen MacArthur Foundation and UN Environment. It aims to rethink the future of plastics by applying the principles of circular economy, in which plastics never become waste. The Global Commitment represents a powerful framework to work collectively on solutions that address the root causes of plastics waste and pollution.
Nestlé CEO Mark Schneider said, "This Global Commitment is a step-change we urgently need in order to move from a linear to a circular economy. We want to act and lead by example. We will do our part to ensure that none of our packaging, including plastics, ends up in the natural environment."