Over the last 12 months, some of the world’s biggest businesses have made “promising” progress in efforts to eliminate single-use plastics and transition to a circular economy, according to a new report which revealed that pledges to increase recycled plastic in packaging have grown five-fold.
The report found that 60% of business’ plastic packaging is now reusable, recyclable or compostable today
The Ellen MacArthur Foundation has today (24 October) issued a progress report one year after the launch of the New Plastics Economy Global Commitment. Through the commitment, more than 400 organisations have committed to eliminating unnecessary plastic packaging and ensuring that all plastic packaging is 100% reusable, recyclable, or compostable.
The new report details the transparency provided by almost 200 businesses and governments on how they are creating a circular economy for plastics.
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