PepsiCo has joined the New Plastics Economy initiative as a Core Partner, supporting the company's goals to make 100 percent of its packaging recoverable or recyclable by 2025, and to partner to increase packaging recovery and recycling rates. The move also reflects PepsiCo’s belief that a strong partnership across the public and private sectors is key to unlocking new packaging material innovation and increasing consumer recycling rates.
PepsiCo has already entered into a number of collaborations to combat packaging waste, including:
- Establishing an agreement with biotechnology leader Danimer Scientific to development biodegradable film resins for thin film packaging
- Becoming a founding member of the Closed Loop Fund, which is investing $100 million to raise recycling rates in the United States
- Working with US schools, colleges, universities and local communities to boost recycling infrastructure and raise recycling awareness, an effort that has recycled 93 million cans and bottles since 2010.
Led by the Ellen MacArthur Foundation, the New Plastics Economy is a three-year initiative to build momentum toward a plastics system that works. Applying the principles of the circular economy, it brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging.