# Big brands set to miss plastic sustainability targets
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-11-02
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Major consumer goods companies set to miss plastic
Meta Description: Report reveals Coca-Cola, Pepsi, Nestle, Mars falling short on targets to make plastic packaging more sustainable by 2025, prompting calls for global action.
URL: https://financedigest.com/big-brands-set-to-miss-plastic-sustainability-targetshtml

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By Joe Brock

SINGAPORE (Reuters) – Some of the world’s biggest consumer goods companies, including PepsiCo, Mars and Nestle, are almost certain to miss a target to make plastic packaging more sustainable by 2025, according to a new report published on Wednesday.

The study by the Ellen MacArthur Foundation and the United Nations Environment Programme also revealed that some companies – including Coca-Cola and Pepsi – are using more virgin plastic despite a pledge to reduce its use.

The report comes as U.N. members are due to meet in Uruguay this month to start negotiations on the first ever global plastics treaty, which is aimed at reining in [soaring waste pollution choking marine life and contaminating food](https://www.financedigest.com/analysis-east-europeans-count-their-pennies-for-christmas-as-food-costs-soar.html "Analysis-East Europeans count their pennies for Christmas as food costs soar").

Some U.N. members are pushing for a pact that includes legally binding targets to increase recycled content in packaging and use less petroleum-derived virgin plastic, rules that would have [financial implications for the consumer](https://www.financedigest.com/uk-consumer-mood-hits-one-year-high-but-financial-gloom-persists.html "UK consumer mood hits one-year high, but financial gloom persists") goods and petrochemical industries.

Pepsi, Coca-Cola, Nestle and Mars did not immediately respond to requests for comment.

Dozens of major brands have in [recent years set targets](https://www.financedigest.com/spains-santander-reaffirms-targets-in-face-of-recent-market-turmoil.html "Spain’s Santander reaffirms targets in face of recent market turmoil") to increase plastic recycling and reduce the use of single-use packaging in partnership with the Ellen MacAurthur Foundation, as part of efforts to burnish their green credentials.

The headline pledge was that 100% of plastic packaging would be reusable, recyclable or compostable by 2025, but this goal will “almost certainly be missed by most organisations”, the environmental [group’s report](https://www.financedigest.com/uk-report-warns-of-impact-of-islamist-groups-in-prisons.html "UK report warns of impact of Islamist groups in prisons") said.

Greenpeace said the [report is evidence that voluntary corporate](https://www.financedigest.com/automotive-exterior-trim-parts-market-size-industry-report-analysis-growth-future-trends-top-manufacturers-and-technology-toyota-boshoku-corporation-plastic-omnium-cie-automotive.html "Automotive Exterior Trim Parts Market Size, Industry Report Analysis, Growth, Future Trends, Top Manufacturers And Technology| TOYOTA BOSHOKU CORPORATION, Plastic Omnium, CIE Automotive") targets have failed and called on the U.N. to forge a treaty that forces governments and [companies to use less single-use plastic packaging](https://www.financedigest.com/ampoules-packaging-market-in-metal-glass-containers-industrydiscover-company-insights.html "Ampoules Packaging Market in Metal & Glass Containers Industry|Discover Company Insights").

This underlines the [need for governments to ensure that the global](https://www.financedigest.com/analysis-global-climate-coalitions-need-safer-harbour-from-antitrust-turbulence.html "Analysis-Global climate coalitions need safer harbour from antitrust turbulence") plastic treaty … delivers major reductions in plastic production and use,” said Graham Forbes, Greenpeace’s USA [Global Plastics Project](https://www.financedigest.com/global-frozen-pizza-market-value-projected-to-reach-us-32-89-bn-by-2031.html "Global Frozen Pizza Market value projected to reach US$ 32.89 Bn by 2031") Leader.

“Anything less than this is a disservice to our communities and our climate.”

(Reporting by Joe Brock; Editing by Ana Nicolaci da Costa)


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