About: http://data.cimple.eu/news-article/8b5442f40e742808196992c27d1c95143e4add587515e32c7b60fddc

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About: http://data.cimple.eu/news-article/8b5442f40e742808196992c27d1c95143e4add587515e32c7b60fddc Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Swiss food giant Nestle said Thursday it would invest 2.0 billion Swiss francs (1.8 billion euros, $2.1 billion) over five years to cut its use of virgin plastics in favour of food-grade recycled plastics. The company, whose brands include Nespresso coffee, Vittel water and Smarties chocolates, also plans to invest in new types of sustainable packaging to meet its target of making all its packaging recyclable or reusable by 2025. Nestle also said in a statement it would reduce its use of virgin plastics by one third over the next five years and would set up a venture fund with 250 million Swiss francs to invest in start-up companies working in the recycling sector. To create a market for recycled plastics, it said it would source up to 2 million metric tons of food-grade recycled plastics and allocated more than 1.5 billion Swiss francs to pay a premium for the material between now and 2025. "No plastic should end up in landfill or as litter," Nestle chief executive Mark Schneider said in the statement. Major corporations, often criticised by campaigners for putting profit before the environment, are trying to respond to growing pressure from consumers for more responsible practices. Food and cosmetics giant Unilever announced last September that it will cut its use of new plastic in packaging by half by 2025, acknowledging that the move was partly aimed at young, more environmentally conscious customers. Fast food giant McDonald's pledged in October to speed up moves to minimise the use of plastic in its restaurants in Europe. "Making recycled plastics safe for food is an enormous challenge for our industry. That is why in addition to minimising plastics use and collecting waste, we want to close the loop and make more plastics infinitely recyclable," said Nestle's Schneider. noo/dt/rl
schema:headline	Nestle to invest 2bn Swiss francs in recycled plastics
schema:mentions	Unilever Nespresso Cosmetics Eberhard Nestle Landfill Recycling Fast food Coffee Switzerland European Union Vittel Sustainable packaging Schneider Electric Performance indicator
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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