PepsiCo plans to use 25% recycled plastic content by 2025
By Martin White - Oct 29th, 08:58
PepsiCo has announced that it plans to use 25% recycled content in its plastic packaging by 2025 as part of its sustainability vision.
PepsiCo aims to achieve this goal by collaborating with its suppliers and partners, helping to educate consumers and advocating for improved recycling infrastructure and regulatory reform in certain markets.
The goal includes a specific aim regarding PET (polyethylene terephthalate) beverage bottles, as the company hopes to achieve 33% recycled PET content by 2025.
Dr Mehmood Khan, vice-chairman and chief scientific officer at PepsiCo said: “PepsiCo’s sustainable plastics vision is to build a PepsiCo where plastics need never become waste."
“We intend to achieve that vision by reducing, recycling and reusing, and reinventing our plastic packaging – and leading global change through partnerships."
“Already, PepsiCo is one of the world’s largest users of food-grade recycled PET. To further boost recycled content across all plastic packaging and drive progress towards a circular economy for plastics, it is vital to dramatically increase global waste collection and recycling rates through investment in recycling infrastructure and technology.”
Earlier this month, PepsiCo signed a multi-year supply agreement with sustainable packaging producer Loop Industries, and PepsiCo says it will begin incorporating Loop’s plastic into its product packaging by early 2020.
In September, the company also made a commitment to triple the content of recycled plastic in its bottles across the European Union by 2030, aiming to achieve 50% recycled plastic (rPET) content in its bottles by this time.FoodBev
Business confidence remains flat
06/12/2018 - 13:28
Business confidence remained flat in November.
SA grocery retailers hoping for a merry festive season
06/12/2018 - 08:18
Grocery retailers have had a tough year, and like other retailers are hoping to see a boost in sales over the festive season.
New age consumerism and the consumer power-shift
05/12/2018 - 10:37
Advances in telecommunication technology have transformed the tools used for marketing and consumerism and ultimately, the way that businesses operate. The Statista 2017 Report indicated that the number of smartphone users in the United States is estimated to have reached 224.3 million, with smartphone users worldwide exceeding 2 billion. Undoubtedly, we are running headlong into the end of the industrial era of consumption and into a consumer power-shift.
Driving mobile and card acceptance among informal retailers holds the key to scaling cashless payments in SA
05/12/2018 - 09:57
Despite the majority (77 percent) of adult South Africans owning bank accounts, more than half of the total value of all consumer transactions in the country are still conducted in cash. This suggests that being formally banked may not be enough of an incentive for consumers to move away from cash. Accelerating the pace of migration from cash to digital and card payments must be a priority for catalysing economic growth.
Coca-Cola Beverages Africa appoints new CEO
03/12/2018 - 14:41
Coca-Cola Beverages Africa (CCBA) announces the appointment of Jacques Vermeulen, the current managing director of its international division, to the position of Group CEO of CCBA from 1 December 2018. Vermeulen has served as managing director of CCBA’s International Division, which covers all of CCBA’s Africa operations outside South Africa, since July 2016. He first joined the Coca-Cola system in 1995.