Nestlé began ramping up efforts to reach the company’s 2025 sustainable packaging goals. This includes investing millions of dollars in a fund that supports the transition from virgin plastics to food-grade recycled plastics in the US.
By 2025, Nestlé aims to make all of their packaging recyclable or reusable, and to reduce its use of virgin plastics by one-third. The Swiss food and beverage company recently put $30 million into Closed Loop Partners’ Closed Loop Leadership Fund. This investment marks the first time the company has used its packaging venture fund, which was established earlier this year — part of their broader $2.07 billion investment in sustainable packaging solutions, Nestlé said.
In addition, Nestlé is introducing a refillable system for pet food in Chile and recyclable paper packaging for Maggi bouillon cubes in France. The company says that 87% of their total packaging by weight — 66% of their total plastic packaging — is currently recyclable or reusable.
The company adopted a three-part approach to addressing plastic pollution in January 2019:
Later this month they plan to launch the Nestlé Creating Shared Value Prize with nonprofit Ashoka to award around $270,000 in grants for “system change innovations in areas such as alternative delivery systems and ground-up solutions to tackle plastic waste.”
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