Over 40 companies including Coca Cola, Nestle (NSRGF), Unilever and Procter Gamble (PG) have pledged to slash the amount of plastic they use and throw away in the United Kingdom. The group, which includes many of the world’s top consumer brands, has agreed to reduce their use of plastic packaging and meet recycling targets by 2025 as part of an initiative organized by the environmental advocacy group Wrap.The UK Plastics Pact asks business to eliminate unnecessary single use plastic packaging by 2025. It also sets the goal of boosting the share of recycled or composted plastic packages to 70% from the current average of 46%.According to Wrap, the chains and brands that have signed up account for 80% of plastic packaging in UK supermarkets.»Businesses like Unilever can play a vital role in making sure as much plastic as possible is reused or recycled, as well as innovating to find alternative solutions,» said Sebastian Munden, Unilever’s (UL) general manager in Ireland and the United Kingdom.Coca Cola (KO) said that while the pact was unique to the United Kingdom, it has similar targets in other markets.The environmental group said it hopes that more companies and organizations will join the pact, and that their efforts will spark similar initiatives in other global markets.Plastic, with its low cost and wide range of possible uses, has become one of the world’s most popular materials.
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