PepsiCo partners with New Plastics Economy

PepsiCo has joined the New Plastics Economy initiative as a Core Partner, signalling the global food and beverage company's continued commitment to reduce packaging waste.

Led by the Ellen MacArthur Foundation, the New Plastics Economy is an ambitious, three-year initiative to push towards a plastics system that works. Using principles of the circular economy, and bringing together industry, government, NGOs, scientists, students and citizens, it aims to rethink and redesign the future of plastics, starting with packaging.

PepsiCo’s participation in the scheme maintains the company’s previously announced goals to strive for 100% of its packaging to be recoverable or recyclable by 2025 and to partner to increase packaging recovery and recycling rates.

These goals are part of PepsiCo’s Performance with Purpose vision to deliver top-tier financial performance over the long run by integrating sustainability into its business plan.

“PepsiCo is committed to taking aggressive action to promote sustainability within our direct operations, while also acting far beyond our own walls through collaboration with others,” PepsiCo Vice Chairman and Chief Scientific Officer of Global Research and Development Mehmood Khan said. “Unlocking new packaging material innovation and increasing consumer recycling rates requires strong partnership across the public and private sectors. The New Plastics Economy initiative is an important step towards creating a more sustainable packaging ecosystem and we are delighted to be a core partner.”