New Plastics Economy Global Commitment progress report launched
The Ellen MacArthur Foundation and the UN Environment Programme have published the first annual New Plastics Economy Global Commitment progress report. Presented at the Our Ocean Conference in Oslo, the report provides an unprecedented level of transparency on how almost 200 businesses and governments are reshaping the plastics system.
Highlights of the report include:
- Companies set out actions to eliminate problematic plastic packaging, and increase the use of recycled plastic in packaging by more than five-fold by 2025, equivalent to keeping 25 million barrels of oil in the ground every year
- Unilever, Mars, Incorporated, and PepsiCo announce significant reductions in virgin plastic use by 2025
- Analysis carried out for the report shows that on average around 60% of business signatories’ plastic packaging is reusable, recyclable or compostable today. Through the Global Commitment, they have committed to making this 100% by 2025
- Government signatories including France, Rwanda, the UK, and the cities of São Paulo (Brazil) and Austin (USA), are putting in place policy measures that include bans, public procurement, extended producer responsibility (EPR) schemes, fiscal measures, and incentives for research and development
- The Ellen MacArthur Foundation and the UN Environment Programme call for more businesses and governments to sign the commitment and continue to raise the ambition level.
This announcement is an important step in the Foundation’s mission to accelerate the transition towards a circular economy. Launched in 2018, the Global Commitment now includes over 400 signatories, which are aligned on a path to build a new plastics economy. Business signatories, including companies representing 20% of all plastic packaging produced globally, are working to eliminate the plastic we don't need, to innovate so that all plastic we do need is 100% reusable, recyclable, or compostable, and to circulate all the plastic we use.
To find out more please visit: www.newplasticseconomy.org